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Jan 17,, 10 tweets, 4 min read
0/ What’s behind Fantom’s meteoric rise?

In today’s Delphi Daily, we examined $FTM ’s growth metrics, Platypus’s surging TVL, and an uptick in retail $BTC accumulation.

For more 🧵👇
1/ Bridge data shows that deposits into @FantomFDN have risen significantly since the start of this year.

The token prices of various native dApps have risen substantially alongside this, attracting more yield farmers.
2/ @FantomFDN ecosystem tokens have trended upwards since the beginning of December.

As the Fantom network gains traction, we’re seeing more capital flow into the entire ecosystem.

Fantom dApps have been trying to boost their TVL to gain a larger share of the ve(3,3) token.
3/ Platypus is a stableswap protocol native to the @Avalancheavax chain that allows single-sided liquidity provision.

Since removing their $10M deposit cap and launching their liquidity mining on Jan. 14, TVL on Platypus Finance has skyrocketed as investors flock for high APYs.
4/ Big BTC accounts were accumulating BTC at the start of Dec. 2021, but this trend began to stagnate toward the end of the month.

Smaller BTC accounts have started accumulating since the end of last year, which is usually indicative of further drawdowns.
5/ Tweets of the day!

Walmart Enters the Metaverse

6/ Rari’s Fuse to Launch on Arbitrum

7/ US Survey on Crypto

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

members.delphidigital.io/reports/platyp…
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

delphidigital.io/daily/

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More from @Delphi_Digital

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Jan 13,
0/ Is BTC correlated with S&P 500?

In todays Delphi Daily, we examine a correlation between $BTC and $SPX, @POKTnetwork gaining attention, @GMX_io’s increase in trading volume, and @MEVprotection ’s big month.

For more 🧵👇
1/ Over the past month, the correlation between $BTC and $SPX has increased, as both risk assets were similarly affected by hawkish Fed comments

BTC has a historically low correlation with equity markets. However, since 2020, we have seen traditional players enter crypto markets
2/ @POKTnetwork has been gaining attention lately as it has been adopting and providing RPC access to multiple chains.

Pocket Network enables another layer of decentralization through its multi-chain relay protocol, removing reliance on centralized nodes and cloud services.
Read 10 tweets
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Jan 12,
0/ We couldn't be more excited to announce that we, @Delphi_Digital, are co-leading Fan Controlled Sports Entertainment’s @fcflio Series A with @Animocabrands.

This is a wild one so buckle up.
1/ FCSE’s first product is Fan Controlled Football - a fan-controlled sports league in which fans call the plays.

Yes, with real players and real fans.

Behind the insanity lies a vision that has the potential to entirely reshape entertainment and fan experience as we know it.
2/ It's best to view FCSE as an entertainment company and not a sports league.

An entertainment company acutely curated for Web 3.0 with a video-game-like sports experience as its core product.
Read 13 tweets
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Jan 12,
0/ Can OpenSea be overthrown?

In today’s Delphi Daily, we analyze the launch of @lookrareNFT, the top performers of the past month, short term holder SOPR, and TVL on the Metis Andromeda.

For more 🧵👇
1/ @LooksRareNFT launched yesterday with a surprise airdrop to users who traded at least 3 ETH in volume on @OpenSea.

Day 1 of LooksRare’s activity shows that its volume was comparable to OpenSea during certain hours of the day, with two peaks of $4.5M hourly volume.
2/ $NEAR and $ATOM have been the top performers in the past month amidst a gloomy market.

Other L1 projects either stayed flat or had a -20% to -40% drawdown since the 1st of December 2021.
Read 10 tweets
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Jan 10,
0/ Is another NFT season upon us?

In today’s Delphi Daily, we examine @opensea’s hot start to the year, the floor prices of popular NFT projects, implied volatility of $ETH and $BTC, plus @convexfinance contributing to $FXS growth.

🧵👇
1/ @OpenSea started off the year with an explosion in trading volume and active traders. Over the past few days, daily volume has averaged around $200M – $250M.

This level of trading volume was last seen during the Aug. to Sep. 2021 NFT bull market.
2/ The @BoredApeYC floor has decisively flipped #CryptoPunks and is now 27% higher at 77.99 ETH. Meanwhile, Punks have dipped to a 60.95 ETH floor.

PhantaBear is the talk of the town this week, with its floor price growing from 0.34 ETH on Jan. 1 to 6.17 ETH today.
Read 10 tweets
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Jan 7,
0/ The Bitcoin Fear & Greed Index just hit lowest level since last July.

In today’s Delphi Daily, we analyzed how December’s Fed meeting minutes impacted global markets, recent liquidations, market fear, and gas spikes on @0xpolygon.

For more 🧵👇
1/ December’s Fed meeting minutes released yesterday pointed towards quicker and more aggressive rate hikes than expected.

Risk assets like equities and crypto assets reacted swiftly to the news, tumbling after the minutes were released.
2/ The risk-off sentiment was present as well in crypto markets, and leveraged long traders were liquidated on downward price movements; $850M of positions got liquidated in the past 18 hrs.

The FOMC minutes were released at 2pm EST yesterday, triggering the initial sell-off.
Read 10 tweets
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Jan 6,
0/ So far in 2022, Fantom’s daily transactions have outpaced Avalanche.

In today’s Delphi Daily, we examined @FantomFDN’s recent transaction spike, the percentage of short and long term BTC holders in profit, and open interest on the perps markets.

For more 🧵👇
1/ @FantomFDN surpassed @Avalancheavax in daily transactions at the start of 2022.

As the narrative rotates to Fantom, it’s not surprising to see it reflected in transactions.

Opportunistic capital moved over to yield farm with high yields on stablecoins of around ~30-60% APR
2/ As BTC trends downward in recent weeks, more short-term holders (STH) of spot BTC have been holding at a loss.

Currently, only 11% of STHs are in profit.

87.4% of long-term holders (LTH) are still in profit following the run-up last year.
Read 10 tweets

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