Delphi Labs is shifting research to a new crypto ecosystem, and it's not Ethereum

As part of Delphi Digital's search of major ecosystems to find a new focus for its R&D arm, the company has Chose Cosmos over Ethereum as she thinks the latter is too slow and expensive.

Cryptography research company Delphi Digital has shifted its research and development (R&D) protocol branch Delphi Labs to the Cosmos ecosystem.

Delphi Labs is the protocol R&D arm of Delphi Digital, with a team of around 50 people responsible for incubating "Web3 primitives". The R&D branch had previously focused on researching and developing protocols on Terra, but was forced to look into other ecosystems after it collapsed in May.

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

In a lengthy report released on Thursday, Delphi Digital said its team analyzed a range of different blockchain ecosystems to determine which was best suited to its needs, particularly with respect to decentralized finance (DeFi), but finally opted for the Cosmos ecosystem.

In the 3 months since Terra's collapse, the Delphi Labs team has been hard at work determining what we see as the future of DeFi, what platform best facilitates this, and ultimately where we should best focus our building efforts going forwardhttps://t.co/7mZAkKc8XK

Describing it as "an ecosystem of interoperable blockchains", Delphi Labs decided that Cosmos was the best ecosystem to focus its R&D on. He pointed to Cosmos' ability to benefit from a growing number of application chains and interoperability between chains as major strengths.

The company also described the speed, liquidity of the chain, decentralization, interoperability between chains, technical maturity...