Delphi Daily

Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.

Market Update

Markets opened strongly after testing range lows amidst weekend weakness, albeit with lower volumes. Hash rate exodus continues as the China mining & derivatives clampdown continues. ETH showing long awaited strength against BTC after weeks of weakness.

Mirror Eclipses Synthetix In Terms of Trades Per User

  • Mirror protocol eclipses Synthetix as the top DeFi synthetic assets platform with more than 3,000 daily active users (DAUs) compared to 60-70 DAUs on Synthetix.
  • User stickiness of Mirror Protocol is also astounding, each user does an average 4-5 trades per day, compared to only 1.2-1.3 on Synthetix.

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