The Delphi Podcast
Conversations with Crypto Gigabrains. Hosted by Tommy, Co-Founder and Founding Partner at Delphi Ventures
China’s AI Advantage Is Bigger Than You Think
In this episode of The Delphi Podcast, Tommy sits down with AccelXR, author of Delphi Digital’s “Evaluating the AI Labs of China” report, to break down what’s actually happening in the US-China AI race.
You can read the report here:
https://members.delphidigital.io/reports/evaluating-the-ai-labs-of-china?utm_source=twitter&utm_medium=social
Timestamps
00:00 Intro
00:35 Is China Innovating or Just Distilling?
06:10 DeepSeek and China’s Leading AI Labs
10:15 How China Is Working Around Weaker Chips
18:25 China’s Biggest AI Advantage: Electricity
29:45 Three Scenarios for the US-China AI R...
Most Venture Funds Are Playing Momentum Games | Michael Dempsey
Join José as he hosts another episode of the Emerging Manager series on the Delphi Podcast, sitting down with Michael Dempsey, managing partner of Compound. Michael makes the case that most venture funds being raised today are playing momentum games that won't survive contact with a real cycle, and explains why Compound has become known as one of the slowest-deploying seed funds in the US. They dive into the fallacy of founder legibility, why paying up at seed doesn't improve outcomes, and how the firm's research edge decayed the moment anyone could drop an academic paper into ChatGPT. Michael sh...
Steve McLaughlin Built a Multi-Billion-Dollar Investment Bank and Beat Wall Street at Its Own Game
In this episode of The Delphi Podcast, Tommy sits down with Steve McLaughlin, founder and CEO of FT Partners, to unpack how he left Goldman Sachs at 32 and built one of the most influential investment banks in fintech.
Steve shares the story behind FT Partners’ early days, including how his team took a company that had received roughly $150 million offers and ultimately sold it for $550 million. He explains why FT goes deeper than traditional investment banks, how the firm has built decades-long relationships with founders, and why incentives, founder ownership, and putting your own capital behind your co...
Building the SoftBank of Robotics | Andrew Kang
Join José as he hosts a special edition of the Emerging Manager series on the Delphi Podcast, sitting down with Andrew Kang, founder of RoboStrategy. After managing personal capital through Mechanism Capital across both public and venture markets, Andrew turned his focus entirely to the under appreciated robotics industry a space he identifies as being at a critical inflection point reminiscent of AI in 2022 or crypto in 2014.
They dive deep into the underlying method behind finding asymmetric bets, sizing positions, and distinguishing a true contrarian play from simply being the sucker at the table. Andrew breaks down th...
OpenAI is Making a MASSIVE Mistake
In this episode of The Delphi Podcast, Tommy sits down with Travis Good, co-founder of Ambient, to discuss why open-source AI may ultimately beat the closed labs and what that shift means for developers, businesses, and the broader AI economy.
Travis explains how Ambient is building a decentralized marketplace for AI inference, matching demand with underutilized GPU capacity while verifying that users receive the exact model quality they paid for. They also explore the risks of building on closed AI infrastructure, China’s growing advantage in open-source models, and why OpenAI and Anthropic may be creating long-term di...
Identifying Generational Managers with Jordan Nel
Join José as he hosts the first episode of the Emerging Manager series, sitting down with Jordan from Nomads—the fund-of-funds arm of the legendary VC firm Hummingbird. Together, they break down what truly separates elite venture investors from the rest of the market and how small, nimble emerging managers can outmaneuver multi-billion dollar tech funds.
They dive into the concept of "pre-consensus" versus non-consensus investing, the art of tracking down hidden talent pools, and the unique psychological traits of great capital allocators. From Lord of the Rings analogies to the mechanics of a total South African rea...
Sandy Kory: The Founder Obsessed Investor Behind BillionToOne, BaseTen & Palantir
What makes a great founder?
Sandy Kory has spent decades trying to answer that question. As the founder of Horizon, he's backed companies like Palantir, BillionToOne, Canva, BaseTen, and SendCutSend long before they became breakout successes.
In this episode, Sandy shares the unconventional framework he uses to identify exceptional founders, why he ignores most pitch decks, why talent density matters more than almost anything else, and how he developed conviction in companies years before the market recognized them.
KEY HIGHLIGHTS
-Why Sandy invested in Palantir before the company had a clear business...
Samed Düzçay: Accessing Institutional Yield Strategies at Tori Finance
Join Yan Liberman and Can Gurel as they speak with Samed Düzçay, founder of Tori, a yield protocol bringing institutional-grade delta-neutral strategies on-chain. Samed shares his journey from mining Bitcoin as a child to building and exiting a successful SaaS company, eventually identifying a massive gap in the stablecoin yield market.
They dive into the mechanics of the "carry trade," exploring how Tori captures spreads in emerging markets while hedging out local currency risk. Samed explains the protocol's multi-layered security approach, its real-time auditability through ZK-proofs, and how tokenization unlocks yield-enhancing "loops" that were previously imp...
Logan Jastremski: Solana vs Hyperliquid - Who Wins The Global Exchange Race?
Join Tommy Shaughnessy as he speaks with Logan, Managing Partner of Frictionless Capital, about the high-stakes race to build a global blockchain-based financial system. Logan shares his updated thesis on why monolithic, high-throughput architectures like Solana are winning the battle for real revenue and trading dominance over modular designs.They dive deep into the "Global Exchange" vision, the physics of time-to-inclusion, and how innovations like Proprietary AMMs (PropAMMs) are redefining market making. Logan also explores the broader implications of AI, from the compounding power of Grok to the societal impact of a robot-led workforce.🎯 Key Highlights▸Analyzing the Frictionless chart...
Clay Robbins: Building Colosseum, Solana’s Largest Hackathon & Accelerator with 80,000 Participants
Join Tommy Shaughnessy in San Francisco for the first podcast from the new Coliseum office. In this episode, Clay Robbins, Co-Founder of Coliseum, discusses how his team manages the world's largest online hackathons and why they chose to double down on the Solana ecosystem.They dive into the mechanics of sourcing 80,000 builders, the transition from remote to a massive in-person accelerator, and the shift from an infrastructure-focused crypto world to a new era of diverse consumer applications. From sub-3-hour marathons to "grenade" interview questions, Clay reveals what it truly takes to survive and win in the arena.🎯 Key Hig...
Nic Carter: Quantum Threatens $600B of Bitcoin
Join Tommy Shaughnessy as he speaks with Nic Carter, partner at Castle Island Ventures, about his deep dive into the existential threat quantum computing poses to Bitcoin. After six months of intensive research and discussions with Nobel Prize-winning physicists, Nic breaks down why the "quantum threat" has moved from theoretical FUD to a material risk that the Bitcoin community is currently unprepared to face.They explore the "Q-Day" timeline, the vulnerability of Satoshi’s 2 million BTC, and the urgent need for a migration to post-quantum cryptography. Can Bitcoin’s rigid governance survive the most significant technical challenge in its hist...
Mike McCormick: AI Acceleration vs Risks, Funding Global Resilience, AGI scenarios, U.S. vs China
Join Tommy Shaughnessy as he speaks with Mike McCormick, founder of Halcyon, about the urgent intersection of AI acceleration and safety. Mike shares his path from venture capital to launching a hybrid nonprofit–fund model focused on securing advanced AI systems. They dive into mechanistic interpretability, global competition for AGI, and what a safe superintelligence future could look like. Can we build superintelligence safely? How do we balance innovation with existential risk? And what happens to humanity when AGI arrives?
Halcyon Futures: https://halcyonfutures.org
🎯 Key Highl...
Connor Howe: Building the Onchain Execution Engine with Enso Network
Join Ashwath Balakrishnan and Neel Daftary as they explore the future of DeFi infrastructure with Connor Howe, co-founder of Enso. After nine years of building in crypto, Connor has created what he calls "the shortcut to building on-chain applications" - a developer tool that abstracts away the complexity of integrating with hundreds of DeFi protocols. From powering Berachain's $3.1 billion launch to enabling developers to reduce build times from seven months to just days, Enso is positioning itself as the Unity engine for Web3.
Enso: https://www.enso.build
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Austin Federa: From Solana Foundation to Double Zero's Fiber Revolution
Join Alex Golding as he sits down with Austin Federa, Co-founder of DoubleZero, to explore how they're building permissionless high-performance fiber infrastructure that could revolutionize blockchain performance. Austin shares the technical vision behind creating a parallel internet for distributed systems, starting with Solana validators as their initial market.
DoubleZero: https://doublezero.xyz
🎯 Key Highlights
▸ The internet bottleneck: why high-performance blockchains are hitting infrastructure limits
▸ Building a parallel internet with dedicated fiber, FPGAs, and multicast technology
▸ Proof of utility...
Legion & Cookie3: Evolution of Onchain Fundraising
Join José Maria Macedo as he co-hosts with Matt O'Connor from Legion and Filip Wielanier from Cookie3 to explore "Attention Capital Markets" - revolutionizing token distribution by linking social influence with capital commitment. Fresh off Legion's funding from VanEck and Brevan Howard, discover how they're moving beyond airdrops to merit-based investing that rewards genuine community builders.
Legion: https://legion.cc
Cookie3: https://www.cookie3.com
🎯 Key Highlights
▸ Legion's funding: VanEck and Brevan Howard backing crypto innovation
▸ Attention Capital...
Mike Dudas (6MV): Pump.Fun, One of the Greatest Seed Investments Ever
Join Tommy Shaughnessy as he sits down with Mike Dudas, Managing Partner at 6th Man Ventures, to discuss one of the most successful seed investments in crypto history. Mike shares the inside story of backing Pump.Fun years before it became a cultural phenomenon, generating over $800 million in fees and reaching a $5.5 billion FDV. From cold DMs to billion-dollar outcomes, this conversation explores venture capital strategy, founder evaluation, and navigating the intersection of AI and crypto investing.
6th Man Ventures: https://6thman.ventures
🎯 Key Highlights
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Michael Egorov: Yield Basis - Bringing Real Yield to Bitcoin
Join José Macedo and Yan Liberman as they host Michael Egorov, co-founder of Curve Finance and one of DeFi's original pioneers. Michael introduces Yield Basis — his ambitious new protocol that aims to solve one of DeFi's biggest problems: impermanent loss. Learn how this innovation could finally unlock natural, sustainable yield on Bitcoin at scale, creating the long-sought "holy grail" of yield-bearing Bitcoin without the downsides of traditional AMM strategies.
Curve Finance: www.curve.finance
Yield Basis: https://yieldbasis.com
🎯 Key Highlights
▸...
pump.fun's Sapijiju: First-Ever Discussion on Building the Future of Social Trading
Anil Lulla and Yan Liberman host Sapijiju, co-founder of Pump.fun. Sapijiju shares Pump.fun’s bigger vision: beyond meme coins, it’s aiming to be the most rewarding social platform, revolutionizing creator monetization, and building a $2B-backed financial ecosystem.
Pump.fun: https://pump.fun
🎯 Key Highlights
▸ Pump.fun’s vision: TikTok + Robinhood + Twitch in one
▸ Streamers earning 100–300x more than on traditional platforms
▸ 9 failed products before finding product-market fit
▸ Why most crypto firms are just riding Bitcoin...
José Macedo and Pondering Durian: The Birth of Delphi Intelligence
Join Tommy Shaughnessy as he hosts Pondering Durian (Lead at Delphi Intelligence) and José Macedo (Co-Founder at Delphi Labs & Founding Partner at Delphi Ventures) to introduce Delphi Intelligence — Delphi’s new open research initiative focused on artificial intelligence. Learn why Delphi is going deep into frontier models, robotics, reinforcement learning, and the intersection of crypto and AI, and how this initiative aims to uncover transformative opportunities across emerging tech.
Delphi Intelligence: https://www.delphiintelligence.io/
🎯 Key Highlights
▸ Why Delphi pivoted to AI after y...
Dev.Fun: Leading AI Vibe Coding Platform on Solana with 20,000+ Applications Live
Join Tommy Shaughnessy as he dives into the world of Dev.Fun with founders Devlord and Robi. Dev.Fun is revolutionizing app creation by enabling anyone — regardless of technical background — to build and launch applications using AI-powered vibe coding. Learn how the team is merging Web3, tokens, and consumer apps to create a decentralized ecosystem of user-generated tools, games, and communities. They cover technical architecture, distribution strategies, monetization paths, and why Solana is their chain of choice.
Explore how Dev.Fun is pushing the boundaries of app creation, developer incentives, and decentralized attention markets — and wh...
Harry Dewhirst: What If the Physical World Had an API? — 375ai, DePIN, and Real-Time Data for AI
Join Can Gurel as he hosts Harry Dewhirst, co-founder and CEO of 375ai, to discuss their ambitious real-world application of DePIN. Learn how they're building a decentralized network of sensors to capture and monetize physical data at scale.
375ai: https://www.375.ai/
🎯 Key Highlights
▸ Harry Dewhirst’s background in Web2/Web3 and his path to founding 375ai.
▸ How 375ai evolved from deploying third-party DePIN devices to building its own network, hardware, and token.
▸ Overview of 375ai’s edge data intelligence n...
TAOFU's Mikel & Mitch: Enabling Capital Formation for Subnets on Bittensors $10B+ Network
Join Tommy Shaughnessy as he hosts Mitch and Mikel, co-founders of Taofu and TPN, to discuss Taofu, a launchpad for Bittensor subnets. Learn about how they're democratizing subnet funding and their first subnet launch.
Taofu: https://www.Taofu.xyz/
Taofu Funding Form: https://form.typeform.com/to/KmvNfUg5
🎯 Key Highlights
▸ Mitch and Mikel's journey from DeFi to discovering Bittensor and Tao
▸ Taofu's subnet launchpad: selling future emissions upfront to avoid selling pressure
▸ How Dynamic TAO (dTAO) cha...
David Choi & Conor Moore: USD.AI - Financing the Future of AI Infra
Join Jordan Yeakley as he hosts David Choi and Conor Moore from USD.AI to discuss their innovative synthetic dollar backed by AI and DeepEnd hardware assets. Learn about USD.AI's unique approach to on-chain infrastructure financing.
USD.AI: https://usd.ai
🎯 Key Highlights
▸ David and Conor's journey from Deutsche Bank to creating USD.AI
▸ USD.AI's three-pillar structure: Caliber, modular underwriting, and QEV design
▸ How USD.AI enables debt financing for DeepEnd hardware operators
▸ The unique...
Logan Allen: Nockchain's Global Competition for Useful ZK Proof of Work Miners Kicks Off
Join Tommy Shaughnessy as he hosts Logan Allen, founder of Zorp and Nockchain, to discuss Nockchain, a new proof-of-work L1 blockchain. Learn about its ZK Powell consensus mechanism, where miners generate ZK proofs.
Zorp: https://zorp.ioNockchain: https://nockchain.org
🎯 Key Highlights
▸ Logan Allen's journey to creating Nockchain.
▸ Nockchain's "ZK Proof of Work" (ZK Powell) and its "Dumbnet" initial phase.
▸ How block rewards will subsidize proving capacity to build a proof market.
▸ "Intents" on Nockchain: enabling mi...
Cambria: The Degen MMO With $1M+ Seasonal Prize Pools
Join Piers Kicks as he hosts BEN.ZZZ, founder of Cambria, for an insightful conversation about building high-stakes, risk-to-earn MMOs inspired by Runescape. Cambria is pioneering unique game worlds like Duel Arena and Gold Rush, recently concluding a season with a $1.5 million prize pool.
Cambria: https://cambria.gg
🎯 Key Highlights
▸ Ben's origins in the Runescape private server scene and the journey to founding Cambria.
▸ Cambria's "risk-to-earn" MMO model with massive on-chain stakes.
▸ Deep dive into Duel Arena (high-stakes 1v1) and Gold Rush (risk-to-earn MMO).
▸ How Season 2 g...
Sam Lehman: What the Reinforcement Learning Renaissance Means for Decentralized AI
Join Tommy Shaughnessy from Delphi Ventures as he hosts Sam Lehman, Principal at Symbolic Capital and AI researcher, for a deep dive into the Reinforcement Learning (RL) renaissance and its implications for decentralized AI. Sam recently authored a widely discussed post, "The World's RL Gym", exploring the evolution of AI scaling and the exciting potential of decentralized networks for training next-generation models.The World’s RL Gym: https://www.symbolic.capital/writing/the-worlds-rl-gym
🎯 Key Highlights
The three phases of AI scaling: Pre-training, Inference Time Compute, and the R...
Guilhem Chaumont: Following the Flow Into Crypto’s Next Growth Phase
Join Kevin Kelly from Delphi Digital as he hosts Guilhem Chaumont, CEO and co-founder of Flow Desks, for an insightful conversation about institutional-grade trading services in the crypto space. Flow Desks has established itself as a full-service digital asset trading and technology firm, pioneering a unique "market making as a service" approach.
🎯 Key Highlights
▸ How Flowdesk created "market making as a service" to serve crypto-native projects
▸ The growing importance of transparency, neutrality, and trust in crypto trading
▸ Why institutional adoption is a slow, ste...
Travis Good: Machine Intelligence as a new world currency: facing down OpenAI with Ambient, a hyperscaled decentralized PoW-powered alternative
Join Tom Shaughnessy as he hosts Travis Good, CEO and co-founder of Ambient, for a deep dive into the world's first useful proof-of-work blockchain powered by AI. Fresh out of stealth, Ambient reimagines the intersection of crypto and AI by creating a decentralized network where mining secures the chain through verified AI inference on a 600B+ parameter model.
🎯 Key Highlights
▸ Ambient's vision for a decentralized currency representing a unit of machine intelligence
▸ How mining incentivizes global participation in a single model's continuous improvement
▸ The power of reason...
Ben Fielding: Gensyn’s Polar Opposite Architecture vs AI Data Centers, Fueling an AI-Native Internet, Open vs. Closed Source AI and RL Swarm
Join Tom Shaughnessy as he hosts Ben Fielding, co-founder of Gensyn Network, for an in-depth exploration of decentralized AI infrastructure and the future of machine learning. From Gensyn's evolution as a low-level infrastructure platform to its revolutionary approach with RL Swarm, the conversation covers transformative developments in distributed computing, model training, and the philosophical implications of AI development.
🎯 Key Highlights
▸ Gensyn's approach to agnostic, low-level AI infrastructure designed to transcend trends
▸ Transition from vertical to horizontal scaling in AI computing systems
▸ The limitations of centralized hyperscal...
Jeffrey "Jiho" Zirlin: Ronin Goes Permissionless
Join Piers Kicks as he hosts Jeffrey "Jiho" Zirlin of Sky Mavis for an exploration of Ronin's evolution from Axie Infinity's scaling solution to becoming the premier gaming chain, now on the cusp of going permissionless with an impressive ecosystem of curated titles.
🎯 Key Highlights
▸ Journey from Axie to Ronin infrastructure
▸ Analysis of curated publishing strategy
▸ Discussion of play-to-earn evolution
▸ Insights into game economy design
▸ Vision for permissionless future
▸ Perspective on traditional gaming integration
💡 Want to stay updat...
Daryl Xu: Building B3, The Next Evolution in Crypto Gaming Infrastructure
Join Piers Kicks as he hosts Daryl Xu, founder of B3, for an exploration of how they're building the optimized Layer 3 solution for gaming on Base, creating the homepage for on-chain gaming, and revolutionizing gaming infrastructure through innovative economic incentives.
🎯 Key Highlights
▸ Evolution from Coinbase and Base to B3
▸ Deep dive into game chain strategy
▸ Analysis of B3 token utility and economics
▸ Discussion of regulatory impact on gaming
▸ Insights into developer incentives
▸ Vision for on-chain gaming infrastructure
💡 W...
Krish Jagirdar & Jordan Lejuwaan: Building RekTech, The Future of Interactive Entertainment
Join Anil Lulla as he hosts Krish Jagirdar and Jordan Lejuwaan, co-founders of RekTech (formerly Internet Game), for an exploration of their vision to create the world's biggest game show, revolutionizing interactive entertainment through simple yet engaging games with significant prizes.
🎯 Key Highlights
▸ Evolution from Internet Game to RekTech platform
▸ Deep dive into accessible gaming mechanics
▸ Analysis of crypto-native community building
▸ Discussion of brand partnerships and expansion
▸ Insights into game design philosophy
▸ Vision for future digital entertainment
💡 Want to stay updated with the latest in crypto...
Jeffrey Emanuel: Viral Author of The Short Case for Nvidia Stock - cohosted by Pondering Durian
Join Tom Shaughnessy and Pondering Durian as they host Jeff Emanuel, founder of Pastel Network and author of the viral "Short Case for NVIDIA Stock" thesis, for an exploration of AI infrastructure disruption, open-source model innovation, and the societal implications of accelerating AGI development.
🎯 Key Highlights
▸ Analysis of DeepSeek's AI efficiency breakthrough
▸ Deep dive into model distillation and scaling
▸ Discussion of AI infrastructure competition
▸ Examination of app-layer value capture
▸ Insights into US vs China AI development
▸ Vision for AGI's societal impact...
Kam Punia: The $POWER of Web3 Mobile Gaming
Join Piers Kicks as he hosts Kam Punia, founder of Pixion Games, for an in-depth exploration of building Web3 gaming experiences and the journey behind Fableborn. From Kam's extensive background at Konami and Yu-Gi-Oh! to Pixion's innovative approach to Web3 gaming, the conversation covers crucial developments in game design, community building, and the future of blockchain gaming.
🎯 Key Highlights
▸ Evolution from Web2 to Web3 gaming development
▸ Deep dive into Fableborn's gameplay mechanics and design philosophy
▸ Analysis of LiveOps strategies for blockchain games
▸ Discussion of communit...
James Zhang: Bringing Emerging Markets Onchain With Jambo
Join Piers Kicks as he welcomes back James Zhang, co-founder and CEO of JAMBO, for an exploration of how they're revolutionizing Web3 accessibility through mobile infrastructure. From selling over 700,000 phones across 100+ countries to ambitious plans for satellite launches, discover how JAMBO is building the "on-chain Apple" for emerging markets.
🎯 Key Highlights
▸ Evolution of JAMBO's mobile-first Web3 strategy
▸ Deep dive into hardware infrastructure and distribution
▸ Analysis of emerging market crypto adoption
▸ Discussion of on-chain payment solutions
▸ Insights into token economics and ecosystem growth
Tin Nguyen: Gaming IP in the Age of AI
Join Piers Kicks as he hosts Tin Nguyen, founder of Sipher, for a deep dive into the convergence of gaming, AI, and blockchain. From his unconventional journey starting in real estate development to building a 140-person gaming studio, Tin shares insights on creating immersive digital experiences and pioneering AI integration in gaming.
🎯 Key Highlights
▸ Evolution from traditional business to Web3 gaming
▸ Deep dive into Sipher's gaming ecosystem and vision
▸ Analysis of AI integration in gaming experiences
▸ Discussion of blockchain gaming economics and token models
...Jansen Teng: Inside Virtuals’ Meteoric Rise, The Race to Billion-Dollar Crypto-AI Agents and life after AGI
Join Tom Shaughnessy and Pondering Durian as they host Jansen Teng, CEO and co-founder of Virtuals, for an in-depth exploration of AI agents and the future of decentralized AI. From Virtuals' evolution as a gaming DAO to becoming the leading crypto AI platform, the conversation covers crucial developments in agent autonomy, tokenization, and the path toward an agentic economy.
🎯 Key Highlights
▶ Origins and evolution of Virtuals platform
▶ Analysis of agent frameworks and autonomous capabilities
▶ Discussion of value capture in crypto AI projects
▶ Deep dive into d...
Shaw: The Rise of ai16z’s Eliza—Crypto × AI Agents, a $2.5B Valuation, Trending Globally on GitHub
Join Tom Shaughnessy from Delphi Digital and Ejazz from 26 Crypto Capital as they host Shaw, founder of Eliza Labs and AI16Z, for an in-depth discussion on the evolution of AI agents and frameworks. The conversation explores Shaw's remarkable journey, the development of the Eliza framework, and his vision for decentralized AGI. The discussion covers crucial topics from agent development and tokenomics to the future of blockchain-based AI platforms.
🎯 Key Highlights
▶ Inside story of Eliza Labs' creation and AI16Z's rapid growth
▶ Deep dive into the technical aspects...
Delphi's AI + DePIN Year Ahead 2025
Join Ceteris and the Delphi Research team for an in-depth exploration of AI and decentralized infrastructure heading into 2025. The discussion examines the evolution of AI capabilities, agent platforms, identity solutions, and the growing intersection of AI with crypto. The team analyzes emerging DePIN sectors including wireless networks, fixed bandwidth infrastructure, and the future of decentralized data networks.
🎯 Key Highlights
▶ Analysis of AI scaling laws and the future of model training
▶ Deep dive into agent platforms and token frameworks
▶ Examination of WorldCoin's identity solution and market opportuni...
Delphi's DeFi Year Ahead 2025
Join Ceteris and the Delphi Research DeFi team for an in-depth analysis of decentralized finance trends heading into 2025. The discussion explores the evolution of consumer DeFi applications, examining innovative spending solutions, stablecoin developments, and emerging wallet infrastructure. The team unpacks major shifts in DEX architectures, privacy-preserving technologies, and the growing importance of front-end value capture in the DeFi ecosystem.
🎯 Key Highlights
▶ Analysis of consumer DeFi adoption through crypto spending cards and real-world integration
▶ Deep dive into revenue-sharing stablecoin models and the evolving stablecoin landscape
▶ Examination of next-g...
