0/ @Anchor_protocol surpassed $10B in deposits!

In today’s Delphi Daily, we examined the L2’s TVL, the success of @terra_money and @avalancheavax, @anchor_protocol deposits hitting new highs, and monthly smart contract deployment on Ethereum.

For more 🧵👇
1/ Adoption of @Terra_money and @Avalancheavax has grown significantly throughout 2021, with the latter seeing a surge since its ecosystem incentives kicked off in September.

Market confidence has resulted in the price of L1 chains lingering around ATHs as we head towards EOY.
2/ @Anchor_Protocol hit over $10B in deposits, a result of $LUNA’s price hitting all-time highs.

Further catalyzing this was the integration of Terra’s stablecoin, $UST, into Abracadabra. Recent MIM replenishes on Abracadabra Money fueled deposits into Anchor.
3/ Smart contracts deployed on Ethereum took a hit in Jun. 2021, and while there are still over 250K contracts deployed each month.

The rising costs of deploying contracts has likely played a key role in pushing developers to alternatives.
4/ L2’s are losing market share to L1’s in recent months, despite the migration of DeFi protocols from Ethereum.

Most expected L2s to become a hot-spot for developers and users who were priced out of Ethereum mainnet, but other L1s stole the limelight.
5/ Tweets of the day!

A market update from QCP Capital

8/ For the full report that inspired today’s thread 👇👇

9/ Crypto moves fast. Delphi has you covered. Sign up here to get Delphi's free daily newsletter delivered right to your inbox every weekday


• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Delphi Digital

Delphi Digital Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Delphi_Digital

22 Dec
0/ Other L1s are coming for the NFT throne, but Ethereum is still in a league of its own.

In today’s Delphi Daily, we analyzed NFT volumes across different blockchains, @iearnfinance’s aggressive buybacks, BTC open interest, and GBTC’s competition.

For more 🧵👇
1/ Other chains have tried to replicate Ethereum’s success in the NFT space and attract users. Despite this, Ethereum still holds the throne for NFT volume.
2/ @iearnfinance has recently started aggressive buybacks, with ~$3.1M or 120.5 $YFI being purchased.

Yearn released a proposal suggesting the evolution of Yearn’s token economics, which proposes that the Treasury expects to direct ~$35-45M to buybacks annually.
Read 10 tweets
21 Dec
0/ Capital is flooding to @terra_money with the launch of @astroport_fi’s lockdrop.

In today's Delphi Daily, we analyzed the amount of USDT on the sidelines, UST surpassing DAI in terms of market cap, the success of @astroport_fi’s lockdrop, and LUNA’s ATH.

For more 🧵👇 Image
1/ $USDT supply on exchanges is at a 1-year high, indicating that investors have become risk-averse and sold into stable assets.

About 31% of the total USDT supply is sitting idle on exchanges, suggesting traders are turning risk-off or locking in end-of-year profits. Image
2/ $UST and $DAI have been neck-and-neck in terms of market capitalization, with UST briefly overtaking DAI as the 4th largest stablecoin last week.

Yesterday, UST overtook DAI more decisively as it had been trading higher for at least the last 24 hours. Image
Read 10 tweets
16 Dec
0/ Watch out, an Avalanche is coming!

In today’s Delphi Daily, we examined how $AVAX leads the rebound following Powell’s speech and the new development activity on @Avalancheavax’s C-Chain.

We also analyzed institutional demand for crypto and DEX trading activity.

1/ Crypto assets rebounded after Fed Chariman Powell’s speech yesterday.

Crypto markets were jittery in the days leading up to the FOMC meeting, likely in preparation for an overly hawkish Fed.

However, the outcome of the FOMC meeting was what most expected.
2/ Development activity on @Avalancheavax’s C-Chain has grown meaningfully this year, with over 400 developers and 70K unique contracts deployed.

Amongst other things, growth accelerated in late July with the arrival of @Chainlink price feeds on Avalanche’s mainnet.
Read 10 tweets
15 Dec
0/ What do the near-term options say about current market conditions?

In today’s Delphi Daily, we analyzed implied volatility for near-term options, DeFi options protocols TVL growth, $RBN and @ribbonfinance’s price divergence, and daily transactions across different blockchains
1/ Implied volatility for near-term options are skewed towards puts, indicating that market participants have concerns.

Option expiries slightly further out at the end of the year (Jan. – Feb. 2022) are less skewed, indicating a neutral price outlook over the mid-term.
2/ DeFi options protocols have grown in TVL over the last few months, due to the emergence of new primitives such as @Dopex_io, @FODLfi, and @Premiafinance amongst others.

@Opyn_ and @Ribbonfinance account for over half of all on-chain options TVL.
Read 10 tweets
15 Dec
Delphi’s core mission is to be the best place for smart people to come together and build the future of the crypto space

We’re always looking for intellectually curious people and wanted to share a thread with some roles we are currently looking for
1/ Product Managers

Our Research Platform is still just getting started. We have a ton of great ideas, but we want to ship fast and iterate quickly.

We’re looking for PMs who want to build a next-generation type product for crypto insights
2/ Senior Fullstack Developers

If you’re a dev who is eager to take ownership over specific features and help us build products that our members will love, get in touch with us!

A passion for crypto is a must
Read 13 tweets
15 Dec
0/ Markets are in ‘extreme fear’ according to the Fear & Greed index. And many are fleeing to stablecoins.

In today’s Delphi Daily, we examine the current market sentiment, the daily stablecoin transfer volume, a disappointing December, and @Nike joining the metaverse.

1/ Daily stablecoin transfer volume went up to ~$57B today, which was only previously seen in May after the downward movement of ETH.

Stablecoin transfer volume tends to trend within $10-20B daily.
2/ December has been a disappointing month for crypto as macro uncertainty brews. Prices of large-cap crypto assets moved sideways to start the month before another turn lower yesterday.

$LUNA is an outlier as it’s the only one that performed positively since the start of Dec.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!