Crypto research firm Delphi Digital has shifted the main focus of their development and research (R&D) protocol arm Delphi Labs towards the Cosmos ecosystem.
Delphi Labs is Delphi Digital’s protocol R&D arm, having a group of around 50 targeted at incubating “Web3 primitives.” The R&D arm had formerly concentrated on researching and developing protocols on Terra but was made to consider other environments following its collapse in May.
Delphi Digital is definitely an independent research and investment firm founded in 2018 that gives institutional-grade analysis from the digital asset market, which launched its Labs wing in 2021.
Inside a extended report printed on Thursday, Delphi Digital stated its team examined a variety of different blockchain environments to find out which was probably the most appropriate because of its needs, particularly with regards to decentralized finance (DeFi), but ultimately made the decision around the Cosmos ecosystem.
Within the 3 several weeks because the Terra collapse, the Delphi Labs team continues to be working hard working out what we should see as the way forward for DeFi, what platform best facilitates this, and eventually where we ought to best focus our builder efforts moving forwardhttps://t.co/7mZAkKc8XK
— Delphi Digital (@Delphi_Digital) September 8, 2022
Describing it as being “an ecosystem of interoperable blockchains,” Delphi Labs made the decision Cosmos was the very best ecosystem to concentrate its R&D on. It pointed to Cosmos’ capability to take advantage of an growing quantity of application chains and mix-chain interoperability as major positives.
The firm also outlined speed, chain liquidity, decentralization, mix-chain interoperability, technical maturity and code portability as important aspects in the decision to back Cosmos, even though the ecosystem is sort of missing when compared with competitors for example Ethereum.
Delphi Digital recommended that despite Ethereum hosting nearly all decentralized applications (DApps), the rate and price of utilizing the Ethereum first layer may be the primary disadvantage to the blockchain, producing a poor consumer experience.
Related: Why interoperability is paramount to blockchain technology’s mass adoption
The report noted that rollups allow Ethereum to beat this issue but sees interoperability between chains and outages or latency issues as major issues.
Polygon, Optimism, Starknet, Cosmos, Avalanche, Solana, Polkadot, Near, and Celestia counseled me compared inside the report, with Cosmos scoring the greatest overall.
