![]() I think things are about to get really interesting. “Happy to see other funds allocating directly to NFTs. Andrew Steinwold, founder of Zima Red podcast and newsletter, which focuses on NFTs, virtual worlds, and blockchain games, was the first to reveal that Delphi’s team has invested over $150,000 in four Axie Infinity NFTs. But in the last 24 hours, Shroom has seen a big pullback and is now $0.193 at time of publishing.ĭelphi recently made a big investment in NFTs. This represents a massive 9,266% increase. The coin launched on September 3rd and surged from a low of $0.003 to an all-time high of $0.281 on September 30th, according to CoinGecko. The initial farming period has concluded, and all seems to have gone to plan.”Īlong with many DeFi tokens, Shroom has been an extremely volatile asset in its short history. There have been no official audits of the contracts used thus far. “The platform could ultimately become a useful tool for developers to bootstrap their in-game economies… However, he points out that the project is still in its early stages, and investors should be careful. He says Shroom’s high-level concept is compelling, and notes the project could become a useful tool for developers in the $134 billion gaming industry. Shroom is a decentralized finance (DeFi) protocol designed to allow video gamers to exchange custom and unique assets by leveraging NFT (non-fungible token) standards. NFTs are one-of-a-kind tokens representing ownership in a particular asset such as digital art, in-game items, and collectible items such as virtual pets.ĭelphi Digital head of gaming, Piers Kicks, believes the crypto asset is one to watch. 10 all-time high of $3.75.Delphi Digital, a research firm that provides institutional-grade analysis on the digital asset market, believes the curiously-named crypto platform Shroom.Finance (SHROOM) has significant potential. Over the past month, the token has made a whopping 345% though it has cooled 25% from its Nov. LRC is currently trading at $2.80 which is flat on the day. Naturally, this greater usage of Loopring has bolstered its native token price since it also offers yield farming incentives. Boba TVL has surged 29% over the past week to $1.39 billion giving it a 20% market share.ĭecentralized derivatives exchange dYdX is in third place, just above Loopring with a TVL of $933 million. Number two in terms of L2 TVL is the Boba Network which is a smart contract scaling protocol also using optimistic rollups. Arbitrum has been onboarding an increasing number of crypto platforms, the most recent being the Ethereum privacy protocol Tornado Cash. Arbitrum currently has a TVL of $2.74 billion giving it a market share of almost 40%. The leading layer two is Arbitrum, which favors optimistic rollups over zk-rollups. Loopring is currently the fourth largest L2 network with a 9.7% market share. Delphi Digital is an independent research boutique providing institutional-grade analysis on the digital asset market. ![]() According to L2beat, the TVL across the entire L2 ecosystem is near a record high at $6.9 billion. Loopring is not the only L2 scaling platform to have seen a massive influx in users and liquidity. There was no official announcement but a lot of speculation over the two working together on an NFT marketplace. The NYC-based crypto research firm have updated a recent (December) analysis of Unspent Transaction Outputs (or UTXOs) among other data on the Bitcoin network over time. Loopring was in the news recently following a rumored partnership with gaming giant GameStop. Selling pressure on Bitcoin from long term holders is almost exhausted, said Delphi Digital in their most recent report entitled Bitcoin Holder Analysis Through Cycles. Chart: Delphi Digital/TwitterĪccording to DappRadar, the total value locked on Loopring has surged 570% since mid-October to hit an all-time high of $765 million on Nov 25. The price of LRC has risen 10x the highest since October.Ĭiting a chart from Delphi Digital, Wu added that trading activities and volumes on the DEX have surged since October. The cumulative trading volume recently exceeded $3 billion. Delphi Digital is hiring a product manager who will drive the strategic product vision and define and prioritize new products and features to grow the Delphi Research product.
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