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Delphi Labs redirects its research to Cosmos at the expense of Ethereum

Delphi Labs redirects its research to Cosmos at the expense of Ethereum

Cryptocurrency research firm Delphi Digital has moved activities from its protocol research and development (R&D) arm, Delphi Labs, to the Cosmos ecosystem.

Delphi Labs is the R&D protocol of Delphi Digital, with a team of about 50 people dedicated to maintaining the “Web3 premises”. The R&D arm previously focused on research and protocol development on Terra, but was forced to focus on other ecosystems after it collapsed in May.

Delphi Digital is an independent research and investment firm founded in 2018 that provides institutional grade analysis in the digital asset market, which launched its Labs division in 2021.

In a lengthy report released on Thursday, Delphi Digital said that its team analyzed a range of different blockchain ecosystems to determine which best suited its needs, particularly in relation to decentralized finance (DeFi), but settled on the Cosmos ecosystem in the end.

In the three months since Terra collapsed, the Delphi Labs team has been hard at work figuring out what we see as the future of DeFi, which platform best facilitates that future, and ultimately where we should place our focus development efforts forward https://t.co/7mZAkKc8XK. — Delphi Digital (@Delphi_Digital) September 8, 2022

Called an “ecosystem of interoperable blockchains”, Delphi Labs decided that Cosmos was the best ecosystem on which to focus its research and development policy. He cited Cosmos’ ability to tap into a growing number of applications and cross-chain interoperability as major strengths.

The company also highlighted speed, blockchain liquidity, decentralization, cross-chain interoperability, technical maturity, and code portability as key factors in their decision to bring back Cosmos, despite the fact that the ecosystem is somewhat lacking compared to competitors such as Ethereum.

Delphi Digital suggested that despite the fact that Ethereum hosts the majority of decentralized applications (DApps), the speed and cost of using the Ethereum base layer is the main disadvantage of blockchain, which leaves a bad -user experience.

Also read: Why interoperability is key to mass adoption of blockchain technology

The report notes that Ethereum roll-ups allow overcoming this problem but considers interoperability between blockchains and outages or latency issues as major issues.

Polygon, Dóchas, Starknet, Cosmos, Avalanche, Solana, Polkadot, Near, and Celestia were compared in the report, with Cosmos having the best overall score.

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