Sui Network: Demystifying the Monolithic Contender

@SuiNetwork innovates blockchain scaling with vertical and horizontal approaches. Built by Mysten Labs, it features a novel storage model and uses the Move language for safety & efficiency. Let’s dive in👇 While Sui now scales vertically, it is also on the path to scale horizontally. By employing execution & consensus upgrades, new scaling possibilities could be unlocked while laying the ground for decentralization.

Read the full consulting report here ⤵️
delphi.link/SuiNetwork-rep…

Gaming Year Ahead 2025

We are at a pivotal moment for the gaming sector, and the next 12 months will be instrumental in forecasting the next 5 years.

Bull or bear, opportunities will be available to the well-informed who can best position themselves as the market matures. This report summarizes the year for gaming across all key areas and highlights how we believe things could progress next year.

Read the full Year Ahead for Gaming 2025 ⤵️

delphi.link/Gaming-YearAhe…

Base & Global Onchain Economy

The onchain economy is no longer a niche — onchain innovation is changing how we interact, trade, and create, from financial systems to gaming and collectibles.

An excerpt on Base’s role in the growing onchain economy. 👇🧵 Our latest consulting report dives into the recent growth of the onchain economy across major networks, with a focus Base’s position therein.

Overall, the data is clear: the onchain economy is growing rapidly. ⤵️
delphi.link/BaseOnchainEco…

To kick off the final week of Delphi’s Crypto x AI Month, we present Demo Day:

Spotlighting innovative teams as they showcase product demos across payment rails, DeFi agents, smart contract security, and more!

Check out the full recording or watch individual demos below 👇 🔹@AskVenice is a Private, uncensored alternative to mainstream AI apps, co-founded by @ErikVoorhees

How does Venice aim to reshape the AI chatbot landscape as the leading private, uncensored alternative to mainstream AI?

Crypto x AI Month - Decentralized AI Training: Can It Dismantle Centralized Powerhouses?

Top experts @IridiumEagle, @DillonRolnick, @fenbielding, @johannes_hage debate how open-source and DeAI can rival tech giants, a panel hosted by @Shaughnessy119.

Full Discussion 👇 Listen on your favorite platforms ⤵️
delphi.link/Day4-DeAI-Trai…

Arbitrum’s Timeboost Auction ⚖️

Timeboost, @arbitrum's new transaction sequencing policy, replaces first-come-first-serve with an auction for transaction priority.

Winners access an "express lane" with a 200ms advantage for transaction inclusion. This shifts competition from latency to strategic bidding and prediction.

Arbitrum uses first-come-first-serve (FCFS) transaction ordering based on sequencer arrival.

This enables fast blocks and reduces frontrunning, but it has drawbacks:

🔹 MEV capture relies on latency races, spurring infrastructure arms races

🔹 Searchers capture most MEV, leaving little for users, projects, and the DAO

🔹 Incentivizes transaction spamming, risking network congestion

In the other hand, Timeboost auctions are held every minute for next-minute express lane control:

Auctioneer accepts bids for 45 seconds, with 15 seconds for resolution. Minimum bid: 3 $ARB or 0.001 $ETH (DAO decision). Limit: 5 bids per address per round. 👇 4 Potential Express lane strategies:

1️⃣ Predict MEV opportunities using price models for arbitrage and liquidations.

2️⃣ Capture real-time MEV during control period.

3️⃣ Establish secondary market by winning auctions and reselling rights.

4️⃣ Collaborate with others, sharing access when collective MEV exceeds individual extraction.

"The L2 Wars" - Where Are We Now? 🧵

In last year’s Infrastructure Year Ahead report, we outlined the evolving landscape of rollups in the section "The L2 Wars."

This year, we reflect on these past predictions in this new unlocked Alpha Feed 🔓

Key insights included 👇 🔹Blast Rollup: A complete distortion of rollup architecture, signaling the end of the “kumbaya” phase.

🔹Fragmented L2 Ecosystems: Increasing isolation with unique bridging, interoperability standards, and SDKs for new chains/L3s (e.g., Superchain, Orbit).

🔹Alt-DA for Scaling: Rollups rely on alternative DA to achieve scalability.

🔹Disruption of DA Value: Premium charges on DA would no longer be sustainable, as DA faces innovation.

🔹ETH’s New Bull Case: Ethereum's future as the global proof verification layer and money.

🔹Limited Value for DA Layers: DA layers would see restricted value accrual.

🔹Positive Outlook for L2 Tokens: Sequencing value could drive positive outcomes for L2 tokens.

These predictions have largely played out, with Ethereum's focus shifting back to scaling L1 to avoid losing value to rollups.

Solana The Modular

Reflecting on our report a year ago, "Solana The Monolith", @solana's modular components continue gaining value across platforms, affecting ETH & BTC.

As rollups promote modularity, Solana is at the forefront.👇 In the report, we explore how Solana is contributing to the growing landscape of modular blockchain components while also developing its internal demand through the creation of L2 solutions.

Check out the full deep dive by @Mahadikprasad15 ⤵️
delphi.link/SolTheModular

The Tower & the Square

The 21st century is primed for a continued struggle: the state, the corporation, the elites vs. the network. The hierarchy and the hivemind. The Tower and the Square.

With the rapid advances in AI, perhaps the stakes have never been higher. Of history's countless concentrations and diffusions of power, the next chapter is perhaps its most consequential.

Don’t miss out on @PonderingDurian lastest report ! Probably the best current read on Centralized AI, Crypto, and Open Source AI 👀👇
delphi.link/TheTowerAndSqu…

ETH ETF Approval Shakeup?

Following unprecedented news, the odds for an ETH ETF approval surged to ~70% after hovering below 25%. Subsequently, ETH’s market cap rose by $71B in one day - the largest daily surge ever recorded.

Here's our developing Ethereum Spot ETF Thread🧵 As @NateGeraci notes, recent shifts suggest a possible approval. However, for a launch of ETH ETFs both the 19b-4 and S-1 filings must be approved.

http://x.com/NateGeraci/status/1792330334169903568

Attention Is All You Need

Everyone grasps the importance of attention in their personal lives, but few see how it shapes everything around us.

@mrink0’s unparalleled deep dive explores how attention drives our economy, markets, and minds.

Let’s review key takeaways🧵 Make sure you catch the deep dive!

Attention is the most valuable yet misunderstood resource in the world.

The full report dissects the crucial role of the Attention Economy in shaping the landscape of Big Tech, Crypto, and AI ⬇️

delphi.link/attention

The Rise of Ethena

After scaling supply to $2.3B in <1 month, USDe is now the fastest growing “stablecoin” of all time.

At the root of Ethena’s early success lies a fundamentally different approach to what the market has conceptualized as the “synthetic dollar” 🧵 Don't miss out on the deep dive!

The full report - The Rise of Ethena: Unpacking The Emerging Synthetic Dollar - by @robbiepetersen_ & @yeak__ dissects Ethena’s architecture, risks, scalability, broader implications for DeFi, $ENA, and the road ahead 👇

delphi.link/ethena

Throughout the bear, our research team worked tirelessly to uncover opportunities we thought would stand out when crypto markets finally turned around.

We're starting to drop our 2024 Year Ahead Reports, so here's a glimpse at some of our analysts' hard work this past year. 🧵 Please note that reports are linked in the pictures. Links pop-up by hitting ALT in the bottom left corner.

🚨Disclaimer 🚨

The Monolith: @solana

Solana radically diverts from blockchain norms: low latency, affordable fees, unified layers, and strategic hardware use.

Here's the 𝐓𝐋𝐃𝐑 for our deep-dive report released in March 🧵👇 Don't miss out on the deep-dive!

The full report detailing Solana's philosophy, technology, and ecosystem is now unlocked for everyone: 👀

Now, let's unravel the key takeaways👇delphi.link/Solana1

7 crypto gaming ecosystems to watch in 2024: 🧵

(bookmark this) 🎮 Fresh from two of Asia’s largest crypto-focused conventions, Korean Blockchain Week and Token 2049, we wanted to take the time to highlight some of the most promising blockchain gaming projects from the region that we have been tracking.

Enjoy These 7 Ecosystems to Watch:

WTF are Intents?

If you’re wondering what the newest buzzword “intents” are, look no further.

There's no better way to understand intents than by starting with @anoma, an intent-centric architecture that has been in stealth development for years ⬇️🧵 Anoma Intents are declarative, enabling users to focus on the "what" instead of the "how".

Users authorize a state for a transaction to occur, and third-party "solvers" match these intents with other intents to abstract away on-chain complexities.

https://twitter.com/CannnGurel/status/1663292583550803969

1/ Yesterday, several @CurveFinance pools were exploited.

Curve founder, Michael Egorov, currently has a ~$100M loan backed by 427.5m $CRV (about 47% of the entire CRV circulating supply).

With $CRV down 10% over the past 24 hours, the health of Curve is in jeopardy. 🧵⬇️ 2/ On @AaveAave, Egorov has $305m CRV backing a 63.2m USDT loan.

At a liquidation threshold of 55%, his position is eligible for liquidation at 0.3767 CRV/USDT.

This would only require a ~33% drop in CRV price for this to occur. He is also paying ~4% APY for this loan.

LSD finance, or LSDfi, is a term that is used for LSD-related DeFi protocols.

This includes mature DeFi protocols such as Aave, Balancer, and Curve, but also new and upcoming protocols that help increase the utility of LSDs.

LSDfi is classed into five different utilities: 🧵⬇️ 1/ Interest Rate Swaps

Interest-rate swap protocols like @Flashstake and @pendle_fi allow LSD holders to trade their yields.

In addition to this, they can also earn incentive rewards by providing liquidity.

1/ The SEC is suing Coinbase and Binance.

While responsibility should scale with power, a lack of guidance de-correlates the two.

Public permissionless networks can advance existing financial infrastructure if they are willingly embraced by regulators 🧵⬇️ 2/ Exchanges are a sensitive topic, particularly for an industry still recovering from the FTX collapse.

You can read more about the full extent of FTX's implosion in the thread below.

https://twitter.com/Delphi_Digital/status/1595105480615071747

Decentralized "Social Protocols" are in the innovation trigger phase of the hype cycle:

🔹Users own their data
🔹Usage hitting all-time highs
🔹Early adopters are having new experiences

A thread on how @LensProtocol is positioned to disrupt traditional social media. 🧵⬇️ Lens Protocol is an open-source social media graph that enables users can to own their data.

Users mint profile NFTs that record all of their content and engagement and leverage Content URIs that point to data storage services.

Next week, Ethereum's Shanghai hard fork will enable more than 18M $ETH to be un-staked.

Some validators have been waiting more than 2 years to access to their locked-up ETH.

Prepare yourself for this monumental event with a simple guide to Ethereum's Shanghai Upgrade: 🧵⬇️ Ethereum's deposit-only PoS Beacon chain launched in Dec 2020, running in parallel with ETH mainnet before the two merged last year.

Next week's Shanghai hard fork will enable validators to withdraw their staked ETH & staking rewards, representing 15% of Ethereum's supply.