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

zenBTC, Zenrock's flagship product, brings decentralized yield-bearing wrapped Bitcoin to high-performance chains. Launching on Solana & SEI first, zenBTC addresses the critical shortage of wrapped Bitcoin solutions in DeFi's fastest-growing ecosystems.

Powered by $ROCK, Zenrock's decentralized custody network eliminates single points of failure through advanced dMPC technology. This infrastructure enables zenBTC to maintain complete security while generating native yield for holders through partnerships with restaking protocols.

$ROCK serves as the native token for Zenrock's ecosystem, securing the network through staking and governance. Value flows to $ROCK through protocol fees, network activity, and deflationary mechanisms, aligning network security with zenBTC adoption.

<ul>
<li>Zenrock addresses critical blockchain interoperability challenges through its distributed Multi-Party Computation (dMPC) technology.</li>
<li>While existing cross-chain solutions handle significant volumes, they remain vulnerable to security breaches, as evidenced by recent attacks resulting in losses over $965 million.</li>
<li>Built on zrChain and zrSign, Zenrock's dMPC network offers a decentralized, trust-minimized solution for cross-chain communication.</li>
</ul>


Zenrock addresses critical blockchain interoperability challenges through its distributed Multi-Party Computation (dMPC) technology.
While existing cross-chain solutions handle significant volumes, they remain vulnerable to security breaches, as evidenced by recent attacks resulting in losses over $965 million.
Built on zrChain and zrSign, Zenrock's dMPC network offers a decentralized, trust-minimized solution for cross-chain communication.


zkSync Era is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Our mission is not only to merely increase Ethereum's throughput, but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.

<ul>
<li>This consulting report explores ZKsync's transformation from a Layer 2 scaling solution into the Elastic Network, a groundbreaking ecosystem of interoperable ZK Chains positioned to revolutionize institutional blockchain adoption.</li>
<li>With Bitcoin ETF inflows exceeding $30B and major players like BlackRock embracing blockchain technology, 2024 has marked unprecedented institutional interest in crypto.</li>
<li>However, widespread adoption faces two key challenges: blockchain fragmentation and the inability of public networks to meet institutional requirements for privacy and compliance.</li>
</ul>


This consulting report explores ZKsync's transformation from a Layer 2 scaling solution into the Elastic Network, a groundbreaking ecosystem of interoperable ZK Chains positioned to revolutionize institutional blockchain adoption.
With Bitcoin ETF inflows exceeding $30B and major players like BlackRock embracing blockchain technology, 2024 has marked unprecedented institutional interest in crypto.
However, widespread adoption faces two key challenges: blockchain fragmentation and the inability of public networks to meet institutional requirements for privacy and compliance.


Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

<ul>
<li>We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.</li>
<li>This modular L1 blockchain is designed to become the universal verification layer for zero-knowledge proofs (ZKPs).</li>
<li>Developed by Horizen Labs, zkVerify addresses critical challenges in ZKP implementation by optimizing verification efficiency, enabling proof verification at a fraction of the cost and expanding possibilities for scalable and interoperable applications.</li>
</ul>


We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.
This modular L1 blockchain is designed to become the universal verification layer for zero-knowledge proofs (ZKPs).
Developed by Horizen Labs, zkVerify addresses critical challenges in ZKP implementation by optimizing verification efficiency, enabling proof verification at a fraction of the cost and expanding possibilities for scalable and interoperable applications.


ZkVerify: Optimizing Zero Knowledge Proof Verification at Scale

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.

On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

<ul>
<li>Sui Network, a blockchain platform from Mysten Labs, is redefining scaling with its object-centric architecture, parallel execution model, and Move programming language.</li>
<li>By combining innovative consensus mechanisms like Mysticeti and upgrades such as Adelie and Mahi-Mahi, Sui is advancing beyond traditional L1 architectures to support high-throughput and low-latency operations.</li>
<li>Its ecosystem spans diverse sectors, from DeFi to gaming, while its robust tokenomics and cryptographic features enhance usability and security.</li>
</ul>


Sui Network, a blockchain platform from Mysten Labs, is redefining scaling with its object-centric architecture, parallel execution model, and Move programming language.
By combining innovative consensus mechanisms like Mysticeti and upgrades such as Adelie and Mahi-Mahi, Sui is advancing beyond traditional L1 architectures to support high-throughput and low-latency operations.
Its ecosystem spans diverse sectors, from DeFi to gaming, while its robust tokenomics and cryptographic features enhance usability and security.


Sui Network: Demystifying the Monolithic Contender

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

<ul>
<li>The onchain economy has experienced unprecedented growth in 2024, with a 70% increase in total value locked (TVL) across major networks, surpassing $70 billion.</li>
<li>Key drivers include the adoption of stablecoins, Layer 2 solutions, gaming, collectibles, and institutional interest.</li>
<li>Base, an Ethereum Layer 2 incubated by Coinbase, stands out with 1,600% growth in daily transactions and a 470% rise in TVL since January.</li>
</ul>


The onchain economy has experienced unprecedented growth in 2024, with a 70% increase in total value locked (TVL) across major networks, surpassing $70 billion.
Key drivers include the adoption of stablecoins, Layer 2 solutions, gaming, collectibles, and institutional interest.
Base, an Ethereum Layer 2 incubated by Coinbase, stands out with 1,600% growth in daily transactions and a 470% rise in TVL since January.


Exploring Base's Role in the Growing Onchain Economy