0xResearch

In Boccaccio’s final episode, a rotating group of guests joined throughout the show to share their perspectives and send him off. We covered the recent cryptocurrency market downturn, Zcash’s sharp decline, Bitcoin ETF outflows, MicroStrategy’s strategy and tokenized products, DeFi lending dynamics, Hyperliquid-related flows, token transparency initiatives, blockchain adoption challenges, and investment views across lending, infrastructure, and exchange-related crypto assets. 

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As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(1:06) Carlos & Toma

(13:03) Matt & Aryan

(29:25) Ian & Jim

(47:06) James & Noah

(1:04:47) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we discuss Bitcoin’s underperformance relative to equities and select crypto assets, the rise of Hyperliquid amid strong ETF and institutional flows, Morpho’s new fixed-rate lending initiative and valuation debate, evolving dynamics in DeFi lending markets, and Ethena’s shifting yield strategy, reserve allocation, and diversification efforts.
Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(0:00) Introduction

(1:34) Bitcoin Lags Equities

(4:14) Don’t Hide in BTC?

(7:47) Hyperliquid’s Flow Story

(16:02) Morpho’s Fixed-Rate Bet

(24:33) Morpho’s Valuation Problem

(33:49) Ethena Becomes Asset Manager

(43:53) Can Ethena Diversify?

(48:10) Analyst of the Week

(48:51) Closing Comments

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Resources:

Sam Schubert - Solana Spreads: The Black Hole Begins

https://x.com/minnus/status/2059730629319680352?s=20

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

 In this episode, we’re joined by Luke and Sam to discuss the evolution of crypto trading infrastructure, including Solana’s push to improve perpetual futures execution and compete with Hyperliquid. We also cover tokenized equities, onchain yield markets, Pendle’s role in DeFi incentives, and the growing adoption of tokenized Strategy-related assets.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(0:00) Introduction

(1:52) Solana vs Hyperliquid

(5:33) BAM’s Maker Priority

(8:08) Why Solana Perps Lagged

(11:44) Tokenized Stocks Shift Trading

(26:24) Tokenized Stretch Takes Off

(34:01) Stretch Looping Risks

(37:44) Pendle’s Yield Challenge

(43:45) Boros vs Pendle V2

(47:59) Crypto Finds Outside Markets

(53:50) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

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Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Martin de Rijke, Head of Growth at Maple Finance, to discuss Maple’s evolution from a lending protocol into an onchain asset manager focused on institutional yield products. We cover fintech adoption, stablecoin growth, DeFi infrastructure, institutional borrowing demand, modular yield strategies, securitization vehicles, and the convergence of crypto, fintech, and traditional finance.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(1:07) Maple’s Asset Manager Shift

(3:03) Beyond Lending Protocols

(6:44) Stablecoins Find Real Users

(10:04) Fintech Trust Unlocks DeFi

(14:32) Four Distribution Layers

(17:58) Partners, Not Competitors

(21:34) Fintech Integration Hurdles

(25:44) Maple’s Yield Products

(31:38) Borrowing Demand Returns

(36:58) Four Growth Buckets

(41:15) Onchain Securitization Vehicles

(46:08) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode we’re joined by Shaundadevens & Carlos to discuss market volatility, reported scrutiny of Hyperliquid, Coinbase’s partnership and revenue-sharing structure with Hyperliquid, stablecoin distribution dynamics involving USDC, prediction market activity, HIP-4 outcome markets, Cerebras related trading discussions, and broader analysis of Sky, USDS, Spark, and crypto revenue models.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(0:00) Introduction

(2:13) Hyperliquid And Coinbase Shakeup

(10:21) Native Markets Transition

(16:29) Stablecoin Deals Beyond Hyperliquid

(24:26) Cerebras Pre-IPO Frenzy

(32:05) HIP-4 Outcome Markets

(38:55) Spinning Up Prediction Markets

(45:52) Sky, USDS, And Spark

(56:03) Sky Revenue Distribution

(1:03:48) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Sam MacPherson, Co-Founder and CEO of Phoenix Labs, to discuss Sky’s evolution from MakerDAO, Spark’s role as a prime agent SubDAO, and its approach to DeFi lending, liquidity management, and risk frameworks. We also cover governance restructuring, isolated lending markets, token buybacks, institutional liquidity products, fintech partnerships, and Spark’s long-term vision for prime brokerage and USDT growth.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(1:55) Why MakerDAO Became Sky

(5:10) Spark’s Role Under Sky

(7:45) Spark Liquidity Layer

(12:25) Conservative Collateral Strategy

(17:35) DeFi Risk Ratings

(24:38) Liquidity Intents Explained

(27:37) Buybacks and Token Treasury

(29:46) Spark’s Real Competitors

(32:51) Backend for Fintechs

(35:56) SubDAO Competition Dynamics

(43:20) What’s Next for Spark

(47:10) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

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Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we discuss shifting dynamics in crypto infrastructure, including Base moving away from Optimism, the evolving Layer 2 landscape, MegaETH’s business model, and Jito’s expansion into trading products with JTX. We also cover tokenized equities on Solana, frontend vs. backend monetization strategies, and Coinbase’s layoffs and earnings miss.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(0:00) Introduction

(2:22) Base Leaves Optimism

(5:31) L2 Winners And Losers

(10:01) MegaETH’s Revenue Play

(14:06) JTX Goes Upstack

(35:11) Coinbase’s Rough Week

(45:43) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Hersch and Aurelius from World Markets to break down their vision for a fully onchain exchange. We cover the Atlas risk engine, unified perp, spot, and lending markets, fixed-rate lending, MegaETH infrastructure, ADL limitations, market structure design, and what’s next for the platform.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(2:04) Why Build on MegaETH?

(3:42) Gas Costs and L2s

(6:00) Appchain Tradeoffs

(8:57) Atlas Risk Engine

(16:25) Fixed-Rate Lending

(19:55) Why No ADL?

(30:08) Listings and GTM

(37:07) Stablecoin Concerns

(39:37) What’s Next

(44:00) How Hersch Joined World Markets

(48:00) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

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Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Ness, CEO and Co-founder of Hyperlend, to discuss building on Hyperliquid, the decision to adopt an Aave-based design, and how the protocol approaches interest rates and borrowing against L1 positions. We also cover liquid HLP, token launch and staking incentives, competitive positioning, tokenized equities, and Hyperlend’s roadmap, including institutional growth and private credit markets.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(1:30) What is Hyperlend?

(5:20) Why Aave & How the Protocol Works

(7:34) Interest Rates, Borrowing Flow & L1 Positions

(11:11) Liquid HLP Product & Market Fit

(13:43) Token Launch, Incentives & Stake-and-Save

(18:51) Tiers, No Lockups & Staking Design Choices

(21:24) Competition, BLP & Hyperlend’s Positioning

(23:54) Tokenized Equities & What’s Next

(26:22) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

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Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Shaundadevens outlines the thesis that 24/7 equity perpetuals will become a major theme. He explains why perpetuals outperform options for price exposure, evaluates market size and infrastructure requirements, highlights Hyperliquid and TradeXYZ, and examines silver and crude oil case studies demonstrating efficiency and weekend price discovery.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

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Timestamps:

(0:00) Introduction

(1:15) Why Perps Beat Options

(5:00) Why Hyperliquid and TradeXYZ Win

(7:26) Silver and Crude Oil Case Studies

(10:23) Weekend Pricing Works

(11:36) Closing Comments

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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.