In today’s Delphi Daily, we examined Cosmo’s developing ecosystem.
We analyzed interaction in the ecosystem, $ATOM staking, @osmosiszone’s utilization, and @SecretNetwork’s upward trends.
For more 🧵👇
1/ We continue to observe increased traction and user interaction on Cosmos as more apps join the ecosystem.
Daily transactions pertaining to ATOM are up from 26k to 80k.
Cosmos has been the talk of the town lately with the impending EVMOS launch this month driving attention.
2/ $ATOM staking is similar to $LUNA staking, where users delegate their tokens to a validator.
ATOM staking now yields around 13% APR, which is on the higher end when compared to other Proof-of-Stake options.
3/ @osmosiszone utilization has been increasing alongside TVL due to higher daily trading volume, more users (~23k DAU as of late), and the addition of more assets available for trading.
Initiation of IBC on Terra was likely a major catalyst for the improved metrics.
4/ @SecretNetwork is a layer 1 blockchain built using Cosmos SDK, with privacy preserving smart contracts, allowing users to retain privacy for on-chain transactions.
Transactions on Secret Network have been trending upwards since the middle of last year.
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.
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.
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.
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.
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.