Delphi Digital is a United States-based crypto research, venture capital, and protocol incubation firm co-founded in 2018 by Anil Lulla, Yan Liberman, José Maria Macedo, Kevin Kelly, and Tom Shaughnessy Jr., co-founders who previously worked at Deutsche Bank before pivoting to crypto research. Delphi Digital's Twitter Score is 624 out of 1000 (an Excellent rating) as of July 2026, ranking #171 (top 0.1%) of 389,587 accounts tracked, with 913,433 followers as of July 2026 and 11,768 posts to date.
Delphi Digital operates four integrated arms: Delphi Research, producing institutional-grade reports and analysis; Delphi Ventures, the VC arm that primarily deploys internal capital alongside portfolio founders rather than raising large external LP funds; Delphi Labs, focused on protocol incubation and acceleration; and Delphi Consulting, providing enterprise advisory services.
Delphi Digital incubated Mars Protocol, an interchain credit protocol, and Astroport, a next-generation AMM DEX, both on the Terra blockchain; both protocols were substantially harmed by the Terra/Luna ecosystem collapse in May 2022. Delphi Ventures had acquired LUNA starting in Q1 2021 and committed $10 million to a Luna Foundation Guard funding round in February 2022, holding all positions through the crash and recording a large unrealized loss. The firm publicly acknowledged it miscalculated that Luna Foundation Guard reserves would prevent a UST death spiral. In April 2023, Delphi Labs raised $13.5 million for a Web3 accelerator program, the firm's first external capital raise, led by P2P with participation from Jump Crypto; each accepted team receives $200,000, with the first cohort focused on the Cosmos ecosystem.
Delphi Digital's institutional research subscription, Delphi Pro, serves over 2,500 subscribers across daily market updates, deep-dive research, and educational content. The firm publishes widely cited annual "Year Ahead" reports covering crypto markets, DeFi, infrastructure, and applications, with editions released for 2024, 2025, and 2026. The Delphi Podcast has produced more than 478 episodes since 2018, hosted by co-founders including Tom Shaughnessy, Yan Liberman, and Kevin Kelly alongside researcher Piers Kicks, making it one of the longest-running crypto-native research podcasts. In January 2026, Delphi Digital partnered with Polymarket to launch 11 crypto prediction markets, combining institutional research accountability with market-based forecast tracking. Delphi Digital has been mentioned by 1,193 accounts, with 3,135 total mentions across the platform. Delphi Digital's investment portfolio includes Covalent, Zapper, Lido, Yield Guild Games, Illuvium, Alchemix, Solrise Finance and CoW DAO.
Who follows Delphi Digital on X?
Delphi Digital draws a broad cross-section of crypto investors, researchers, and builders to its following. The accounts that follow Delphi Digital include 2,197 founders, 564 angel investors, 1,406 influencers and 192 VCs, among them Erik Voorhees, Laura Shin, CZ BNB, Toly, Solana and Ansem.