Delphi Labs moves research focus to new ecosystem

Delphi Digital chose Cosmos over Ethereum because it thinks Ethereum is too slow and expensive for its R&D arm.
Delphi Labs moves research focus to new ecosystem
Delphi Labs moves research focus to new ecosystem

The Cosmos ecosystem is now the main focus of crypto research company Delphi Digital’s research and development (R&D) protocol arm Delphi Labs.

The protocol R&D branch of Delphi Digital, Delphi Labs, had previously been focused on researching and developing protocols on Terra but was obliged to look into alternative ecosystems after its collapse in May. Delphi Labs has a crew of about 50 aimed at incubating “Web3 primitives.”

Delphi Digital, independent research, and investment company that was established in 2018 and opened its Labs division in 2021, offers an institutional-grade analysis of the market for digital assets.

In a thorough analysis released on Thursday, Delphi Digital claimed that after considering a number of various blockchain ecosystems to see which was best for company requirements, particularly with respect to decentralized finance (DeFi), the Cosmos environment was chosen.

Delphi Labs chose Cosmos as the ecosystem to concentrate its research and development efforts on because it is “an ecosystem of interoperable blockchains.” It cited cross-chain interoperability and Cosmos’ potential to gain from an increase in app chains as two main advantages.

Despite the fact that the ecosystem is relatively missing in comparison to rivals like Ethereum, the company listed speed, chain liquidity, decentralization, cross-chain interoperability, technological maturity, and code portability as other important factors in its choice to support Cosmos.

According to Delphi Digital, the greatest problem of the blockchain is the speed and cost of using the Ethereum foundation layer, which leads to a bad user experience despite Ethereum hosting the bulk of decentralized apps (DApps).

The paper indicated that rollups enable Ethereum to solve this issue, but significant challenges include interoperability between chains and outages or latency problems.

The survey contrasted Cosmos with Polygon, Optimism, Starknet, Avalanche, Solana, Polkadot, Near, and Celestia, with Cosmos receiving the highest overall rating.