Share this article
Delphi Labs Raises $13.5M for Web3 Accelerator
P2P led and Jump Crypto joined the incubator’s first external funding round.
By Brandy Betz
Updated May 9, 2023, 4:11 a.m. Published Apr 4, 2023, 2:24 p.m.
Delphi Labs, the incubation arm of crypto research firm Delphi Digital, has raised $13.5 million in a round led by P2P, the creator of liquid staking provider Lido, with participation from noted investment firm Jump Crypto. The funds will go toward building out an accelerator that aims to foster the growth of teams working to launch Web3 projects. The raise was Delphi’s first time courting outside investments.
“Over our ~6 years in crypto, we’ve consulted for, invested in, and helped build several multi-billion dollar protocols across every vertical in crypto. We know first-hand how hard it is to build a crypto startup and we’ve experienced all the common pitfalls,” wrote the Delphi team in a draft announcement post shared with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Each team in the accelerator will receive $200,000 in funding. The main part of the program will last from four to six months, and project teams will be introduced to Delphi’s network of potential investors at the end of the program. Participants will receive hands-on advice from a core team of engineers, economists, designers, lawyers and entrepreneurs on everything from product development, legal advice and go-to-market strategies.
Delphi Labs said that the plan is to scale up to 10 teams per year. Each cohort of the accelerator will be focused on a particular Web3 ecosystem to allow for a more targeted approach to support. The first cohort will focus on the Cosmos ecosystem; applications are now open.
“Delphi has an exceptional team with extensive experience and a deep understanding of all aspects of managing a Web3 project. Their expertise ranges from intricate legal structures to tokenomics design and development, as well as building truly decentralized protocols and selecting the ideal technology stack,” said P2P founder Konstantin Lomashuk. “If I were to enter this field and launch a new venture, I would undoubtedly do so through the innovative Delphi Accelerator.”
Read more: Jump Crypto Wants You to Know Its Name
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coinbase’s Base faces builder backlash over creator coin push
Builders on Base are pushing back against the network’s close alignment with Zora, arguing the creator-coin narrative sidelines established projects.
What to know:
- Base has seen a surge in creator-coin issuance via Zora, with daily token mints surpassing Solana in August, boosting onchain activity and attention.
- Some Base-native projects say marketing and social support has become narrowly focused on Zora-linked initiatives, leaving other established communities without recognition.
- While Base continues to process more than 10 million transactions per day, critics warn that deteriorating builder sentiment could push projects toward rival chains like Solana or Sui.
Top Stories
