Research Summary
The report by Delphi Digital discusses the emerging narratives in the crypto industry that focus on traditional forms of valuation, moving away from speculative “what-ifs”. The report highlights three categories of tokens that have been performing well: Real World Assets (RWAs), Casinos, and UI/UX. MakerDAO, a protocol behind stablecoin $DAI, has seen significant growth in its RWAs, which now account for 58% of MakerDAO’s revenue. Casinos like Rollbit have also been successful, leveraging NFTs and innovative lottery games. Finally, Unibot, an on-chain trading tool, simplifies the on-chain experience and generates revenue from transaction fees.
Actionable Insights
- Real World Assets (RWAs): MakerDAO’s RWAs have grown significantly, accounting for a large portion of its revenue. This presents an opportunity for investors to explore protocols that are incorporating RWAs.
- Casinos: Despite some controversy, casinos like Rollbit have shown strong performance. Investors may want to consider tokens associated with successful crypto casinos.
- UI/UX: Protocols like Unibot that simplify the on-chain experience are gaining traction. These tools can provide a more accessible entry point for new users and generate revenue from transaction fees.
