What is Delphy (DPY) crypto coin? The complete story of a dead prediction market token

Delphy (DPY) isn’t a crypto coin you buy to make money. It’s not even a crypto coin you hold as a curiosity. It’s a relic - a digital ghost from the 2017 ICO boom that stopped moving years ago. If you’re wondering what Delphy is, the answer isn’t about its technology. It’s about what happens when a project runs out of people, money, and purpose.

What Delphy was supposed to be

In 2016, Delphy launched as the first blockchain-based prediction market platform headquartered in China. Its goal was simple: let people bet on real-world events - like election results, sports outcomes, or stock movements - without relying on a central company to run the bets. Instead, it used Ethereum’s blockchain to make the whole system trustless. Anyone could create a market, anyone could place a bet, and payouts happened automatically through smart contracts.

The token, DPY, was the fuel. You needed it to create markets, place bets, and collect winnings. Delphy’s big idea was mobile-first. While other prediction markets required desktop apps or full Ethereum nodes, Delphy built a lightweight app that worked like a mini-node on your phone. No syncing. No lag. Just open the app, pick a question, and bet.

At its peak in early 2018, DPY hit $4.78. That wasn’t a typo. It was one of the highest prices any prediction market token ever reached. The hype was real. The vision was bold. But none of it lasted.

What happened to Delphy?

The same thing that happened to hundreds of other ICO projects: the money ran out, the team disappeared, and no one cared anymore.

By 2019, Delphy’s GitHub repository stopped updating. No new code. No bug fixes. No features. The official website, delphy.org, now redirects to a blank page. The Twitter account @DelphyOfficial last posted on December 15, 2019. The iOS and Android apps vanished from app stores in 2020. Telegram groups went silent. Reddit threads about Delphy are filled with comments like, “This is a dead project with a token that still floats around like a zombie.”

Today, the Delphy app doesn’t work. Even if you could install it, the servers it connected to are gone. The prediction markets you used to bet on? They’re all closed. The people who created them? They moved on. The only thing still running is the DPY token on the Ethereum blockchain - a digital fossil.

Delphy’s numbers tell the whole story

Here’s what Delphy looks like in 2025:

• Price: $0.00115 (down 99.97% from its all-time high)
• Market cap: $51,564 - less than the cost of a used car
• 24-hour trading volume: $11,547 - that’s less than 0.3% of its market cap. Healthy tokens usually have 5-20%.
• Token holders: 6,270 - down from 78,500 in 2018. That’s a 92% drop.
• Exchanges: Only two still list DPY. Neither has meaningful liquidity.
• Volatility: 33.72% - high, but meaningless when no one’s buying or selling.

There are no new markets being created. No new users signing up. No developers fixing bugs. The whitepaper still exists - archived on third-party sites - but it’s a museum piece. The technology was sound. The execution? Completely abandoned.

Why did Delphy fail when others survived?

Delphy wasn’t the only prediction market platform. Augur and Gnosis were bigger. Polymarket is growing now. So why did Delphy die while others barely survived?

First, it was based in China. In 2017, the Chinese government banned ICOs. Delphy lost its home base overnight. The team couldn’t raise more money. They couldn’t hire new people. They couldn’t even legally operate.

Second, it never built a community. Most successful crypto projects have passionate users who evangelize them. Delphy had users - but no advocates. When the price dropped, no one rallied. No one built tools. No one wrote tutorials. No one kept the app alive.

Third, it didn’t adapt. While Augur improved its interface and Gnosis launched new products, Delphy sat still. When mobile users started demanding better UX, Delphy didn’t update. When regulators cracked down on gambling-style markets, Delphy didn’t respond. It just faded.

Is DPY worth anything today?

Technically, yes. You can still buy DPY on two exchanges. You can still hold it in your MetaMask wallet. But it has no utility. You can’t use it to place bets. You can’t earn rewards. You can’t stake it. You can’t even access the original app.

People who still hold DPY are either:

• People who bought it in 2017 and forgot about it
• Speculators who think it’ll “come back” - despite zero evidence
• People who bought it cheap and are holding it as a curiosity

One user on CryptoSlate said they tried to sell 50,000 DPY and spent three days finding a buyer - and had to accept a 30% discount just to get rid of it. That’s not investing. That’s dumping trash.

What does Delphy teach us about crypto?

Delphy is a textbook case of why most crypto projects fail.

Technology alone doesn’t save a project. A good whitepaper doesn’t matter if no one’s using it. A big launch doesn’t mean long-term survival. What matters is:

• Continuous development
• A real community
• Adaptation to change
• Legal and operational sustainability

Delphy had none of that after 2019. It became a token with no purpose. A name with no team. A vision with no future.

Today, the prediction market space is led by Polymarket (regulated in the U.S.), Augur, and Gnosis. They’re growing. They’re updating. They’re adding features. Delphy? It’s a footnote.

Should you buy DPY now?

No.

There is no rational reason to buy DPY. It’s not an investment. It’s not a bet. It’s not a utility token. It’s a digital artifact. The chances of it ever recovering are effectively zero. Dr. James Wong from Stanford’s Center for Blockchain Research said it best in 2023: “Projects with less than 0.01% of their all-time high price and no development for three+ years have effectively zero chance of recovery.”

Delphy is at 0.024% of its peak. It’s been dead for five years. The market has moved on. The technology is irrelevant. The people are gone.

If you find DPY in your wallet, don’t panic. Don’t sell in a panic either. Just leave it there. It’s not worth anything - but it’s also not costing you anything. It’s a reminder: not every crypto project survives. Most don’t. And Delphy is one of the clearest examples of why.

Where to find Delphy today

You can still see DPY on:

• CoinMarketCap - for price and holder data
• CoinGecko - for market ranking and charts
• Etherscan - to view the smart contract: 0x6c2a...e9b391
• Archive.org - to read the old whitepaper or website

But don’t expect anything to work. The app is gone. The website is dead. The team is silent. The markets are closed. Delphy exists only as a line of code on a blockchain - and a lesson for everyone who thinks crypto is just about buying low and hoping for a miracle.