- Delphi Labs’ research into major ecosystems has shifted from Ethereum to Cosmos.
- Delphi Labs crowns Cosmos as the perfect blockchain ecosystem and declares the platform as “an ecosystem of interoperable blockchains”.
- The firm said Ethereum proves an inferior user experience: lack of speed and an expensive base layer.
Independent research and investment firm Delphi Digital has decided to focus on the Cosmos blockchain ecosystem over Ethereum for its R&D arm, Delphi Labs’ research.
Delphi Labs has crowned Cosmos as the perfect blockchain ecosystem to continue its study on, declaring the platform as “an ecosystem of interoperable blockchains,” which highlights its power to support many app chains and cross-chain interoperability as primary benefits.
The R&D wing has also expressed that while Ethereum currently hosts most of the DeFi apps, it fails to deliver superior user experiences due to a lack of speed and an expensive base layer.
The report published by Delphi Labs further ranked all the major blockchain ecosystems including Polygon (MATIC), Optimism (OP), Starknet (STARKNET), Cosmos (ATOM), Avalanche (AVAX), Solana (SOL), Polkadot (DOT), Near (NEAR), and Celestia (CELT), scoring Cosmos the highest.
Delphi Labs shared its findings on Twitter linking to the published report.
In the 3 months since the Terra collapse, the Delphi Labs team has been hard at work figuring out what we see as the future of DeFi, what platform best facilitates this, and ultimately where we should best focus our builder efforts going forwardhttps://t.co/7mZAkKc8XK
— Delphi Digital (@Delphi_Digital) September 8, 2022
Founded in 2018, Delphi Digital delivers institution-level research on the digital assets market. After analysing an array of different blockchain ecosystems, The Delphi Labs team released a report on the most suitable platform to facilitate decentralized finance (DeFi), concluding the piece with Cosmos.
Delphi Labs operating under Delphi Digital is working with a team of approximately 50 members incubating “Web 3.0 primitives.” The R&D component which was previously occupied with researching and developing protocols on Terra collapsed quickly and had to steer direction to another ecosystem.