Crypto Research and Data, Delphi Digital

Delphi Digital

Crypto Research and Data

Institutional-Grade Crypto Research & Data

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

Crypto

<ul>
<li>The story on Avalanche has moved past issuance.</li>
<li>Tokenized RWA value has grown from $740M to over $3B since October, with Progmat's Japan migration complete, Galaxy proving out tokenized CLOs and onchain proxy voting, and Aave choosing the network for V4's first deployment beyond Ethereum.</li>
<li>The report covers what gets built on top of those assets, from the credit operations stack coming onchain to the stablecoin payment rails aiming to reach half of South Korea's card volume.</li>
</ul>


The story on Avalanche has moved past issuance.
Tokenized RWA value has grown from $740M to over $3B since October, with Progmat's Japan migration complete, Galaxy proving out tokenized CLOs and onchain proxy voting, and Aave choosing the network for V4's first deployment beyond Ethereum.
The report covers what gets built on top of those assets, from the credit operations stack coming onchain to the stablecoin payment rails aiming to reach half of South Korea's card volume.


Avalanche Is the Business Chain for Real-World Finance

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

<ul>
<li>Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading</li>
<li>Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance</li>
<li>On-Chain metrics provide unique alpha signals unavailable in traditional markets</li>
</ul>


Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading
Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance
On-Chain metrics provide unique alpha signals unavailable in traditional markets


New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>It is Easter season, and I have been playing around with the idea of adding an Easter Egg to our website, much like the hidden features in Tesla cars that let you do fun things like virtually drive on Mars.</li><li>I thought about popping up a meme of Vitalik Buterin every time someone hits the subscribe button.</li><li>Unfortunately, I could not muster the courage to pitch this idea at our all-hands meeting.</li></ul>

It is Easter season, and I have been playing around with the idea of adding an Easter Egg to our website, much like the hidden features in Tesla cars that let you do fun things like virtually drive on Mars.I thought about popping up a meme of Vitalik Buterin every time someone hits the subscribe button.Unfortunately, I could not muster the courage to pitch this idea at our all-hands meeting.

Crypto Moves #21 – Avalanche Is Slowly But Surely Dying

<ul><li>Last Wednesday, on March 13th, Ethereum launched its biggest upgrade in the past 18 months, marking a significant milestone since the Ethereum Merge on September 15, 2022.</li><li>Dubbed Dencun or Cancun-Deneb, this upgrade introduced the eagerly awaited Proto-Danksharding feature, aimed at dramatically enhancing the scalability of Ethereum’s Layer 2, also known as rollups, and slashing the costs associated with rollup transactions, while making them less volatile.</li><li>Proto-Danksharding brought to the table so-called ‘blobs’.</li></ul>

Last Wednesday, on March 13th, Ethereum launched its biggest upgrade in the past 18 months, marking a significant milestone since the Ethereum Merge on September 15, 2022.Dubbed Dencun or Cancun-Deneb, this upgrade introduced the eagerly awaited Proto-Danksharding feature, aimed at dramatically enhancing the scalability of Ethereum’s Layer 2, also known as rollups, and slashing the costs associated with rollup transactions, while making them less volatile.Proto-Danksharding brought to the table so-called ‘blobs’.

Crypto Moves #20 – Ethereum Will Never Be the Same

Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

<ul><li>Towards the end of last year, I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.</li><li>In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. </li><li>The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from  the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity, such as Binance.US.</li></ul>

Towards the end of last year, I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from  the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity, such as Binance.US.

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Avalanche (AVAX CURNCY)

Avalanche Is the Business Chain for Real-World Finance

The report covers what gets built on top of those assets, from the credit operations stack coming onchain to the stablecoin payment rails aiming to...

Delphi Digital

New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

AI Agent Deep Dive! Not enough time to READ 👀? Check out the AI Agent Deep Dive Discussion of this Paper on Youtube: https://youtu.be...

William Mann

Crypto Moves #21 – Avalanche Is Slowly But Surely Dying

It is Easter season, and I have been playing around with the idea of adding an Easter Egg to our website, much like the hidden features in Tesla...

Steno Research

Crypto Moves #20 – Ethereum Will Never Be the Same

Last Wednesday, on March 13th, Ethereum launched its biggest upgrade in the past 18 months, marking a significant milestone since the Ethereum...

Steno Research

Q2 Liquidity Ranking for Crypto Assets

In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. The good news is that global liquidity...

Kaiko

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