Gm! This week we're joined by Tom Dunleavy & Ryan Berckmans to discuss the bull case for Ethereum. We deep dive into Ethereum's big pivot, how to value the L1, should L2 tokens exist, the role of Etherealize, what's next for ETH & more. Enjoy!

--

Start your day with crypto news, analysis and data from Katherine Ross.

Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts

Follow Ryan: https://x.com/ryanberckmans

Follow Tom: https://x.com/dunleavy89

Follow Jason: https://x.com/JasonYanowitz

Follow Santi: https://x.com/santiagoroel

Follow Empire: https://twitter.com/theempirepod

Join the Empire Telegram: https://t.me/+CaCYvTOB4Eg1OWJh

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

--

Timestamps:

(0:00) Introduction

(1:46) What Went Wrong With Ethereum?

(4:30) The Ethereum L2 Roadmap

(7:33) Does Ethereum Have Product Market Fit?

(10:45) Ethereum’s Big Pivot

(15:08) Ledger Ad

(15:32) Should Blockspace Be Taxed?

(17:57) Ethereum's Next Chapter

(23:37) The Role Of Etherealize

(26:00) Ledger Ad

(26:41) Does Scaling The L1 Benefit L2s?

(37:22) How To Attract Builders To Ethereum

(39:30) Citrea Ad

(40:06) Should We Tariff The L2s?

(45:18) How To Value L1s

(50:33) The Bull Case For ETH

(57:43) Should L2 Tokens Exist?

(1:02:45) Final Thoughts

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Tomasz Stańczak, Co-Executive Director at the Ethereum Foundation, to discuss Ethereum’s evolving culture, and product focus. We also dive into Ethereum’s DeFi and RWA dominance, scaling the L1, real-time proving breakthroughs, and Ethereum’s long-term vision.Thanks for tuning in!

--

Resources

Real-Time Ethereum Proving is here: https://x.com/SuccinctLabs/status/1924845712921264562

Justin Drake on Real-Time Proving: https://x.com/SuccinctLabs/status/1925306484281553262

--

Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. 

Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks 

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. 

--

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations. 

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Tomasz: https://x.com/tkstanczak

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/4mqh9kK

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(2:10) Getting Started at the Ethereum Foundation

(6:16) Culture of the Ethereum Foundation

(13:30) Ads (Arkham & Marinade)

(14:10) Should Ethereum Mimic Bitcoin?

(33:21) Ads (Arkham & Marinade)

(34:41) Ethereum's Lead in DeFi and RWAs

(42:12) Real-Time Proving

(50:53) Citrea Ad

(51:29) Scaling the L1

(53:17) The Fusaka Upgrade

(56:17) Will Circle Be Acquired?

(1:03:50) What is Tomasz Excited About?

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we’re joined by Austin Federa and Mateo Ward to dive into DoubleZero! They explain why bandwidth—not compute—is the real blockchain bottleneck, and how DoubleZero addresses it. We also cover validator economics, token incentives, critiques on DePIN, performance benchmarks, and plans for Solana and beyond.

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.

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

--

Timestamps:

(0:00) Introduction

(2:11) What is DoubleZero and Why Do We Need It?

(12:26) Ledger Ad

(12:44) DoubleZero Stakeholders

(18:44) DoubleZero Tokenomics and the Problem with DePIN

(23:45) Ledger Ad

(24:20) Solving the Cold Start Problem

(28:30) Performance Improvments Using DoubleZero

(40:04) Citrea Ad

(40:33) Expanding to Other Chains

(45:01) Thoughts on Multicast

(48:49) The DePIN Label

(52:32) Reflecting and Closing Comments

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we break down Ethereum’s momentum in DeFi, and its sustained institutional adoption. We also discuss Ethereum’s finance-first identity versus Solana’s consumer focus, and explore how emerging funding models and regulatory shifts are reshaping the venture landscape.Thanks for tuning in!

--

Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. 

Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks 

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. 

--

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations. 

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(2:24) Crypto Markets Rebound & ETH's New Era

(10:17) Ethereum is Running Away with DeFi

(18:36) Ads (Arkham & Marinade)

(19:10) Believe vs VC Funding

(26:52) XRP & ETH's Fight For Institutional Market Share

(31:21) Ads (Arkham & Marinade)

(32:34) Updates on the GENIUS Act

(41:13) Citrea Ad

(41:42) Coinbase's Data Leaks

(50:06) The State of Venture Today

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we sat down with Jeff Yan, Co-founder of Hyperliquid, to discuss Hyperliquid’s origins, their decision to build an L1, and the architecture behind Hyperliquid. We also discuss MEV mitigation, builder deployed perps, and balancing vertical integration with ecosystem growth.

Thanks for tuning in!

--

Resources

Priority Is All You Need: https://www.paradigm.xyz/2024/06/priority-is-all-you-need

The Path to Decentralized Nasdaq: https://www.anza.xyz/blog/the-path-to-decentralized-nasdaq

0xResearch: Hyperliquid’s Unique Approach to a Better Perp DEX: https://youtu.be/cxyUtPoC1-E

--

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations. 

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Grab your tickets to Permissionless IV.

Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

--

Follow Hyperliquid: https://x.com/HyperliquidX

Follow Jeff: https://x.com/chameleon_jeff

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(3:54) Thoughts on FTX

(6:55) The Origins of Hyperliquid

(11:47) Marinade Ad

(12:01) HyperCore x HyperEVM Architecture

(17:44) Why Build an L1 Instead of an L2?

(22:35) Thoughts on MEV and MCP

(34:55) Marinade Ad

(35:34) Hyperliquid's Edge vs Centralized Exchanges

(39:22) Growing the Hyperliquid Ecosystem

(49:52) Citrea Ad

(50:21) Builder Deployed Perps

(53:24) Thoughts on Vertical Integration

(1:01:00) The Role of Stablecoins in the Hyperliquid Ecosystem

(1:06:16) Outro

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Gm! This week we're back with another weekly roundup. We deep dive into Solana;s recent bug fix, Ethereum's big pivot, how to build the most performant L1 & more. Enjoy!

--

Follow Mert: https://x.com/0xMert_

Follow Jack: https://x.com/whosknave

Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe to the Lightspeed Newsletter: https://blockworks.co/newsletter/lightspeed

--

Grab your tickets to Permissionless IV. Use code BELL10 for 10% off: https://blockworks.co/event/permissionless-iv

--

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

--

Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. 

Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks 

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. 

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Timestamps:

(0:00) Introduction

(1:25) Solana’s Bug Fix

(13:00) Ads (Arkham & Ledger)

(13:37) Ethereum’s Big Pivot

(19:10) Can Ethereum Scale The L1?

(28:40) Ads (Arkham & Ledger)

(29:49) Solana’s DEX Landscape

(41:02) Citrea Ad

(41:31) The Most Performant L1 Will Be The Most Decentralized

--

Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation.

In this episode, we’re joined by Robert Leshner, CEO of Superstate, and Hasu to explore the next phase of DeFi! They discuss the trend of vertical integration in DeFi, the influx of institutional users, and stablecoin designs. Finally, they close out the episode with their thoughts on the true value proposition of DeFi.

Thanks for tuning in!

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Robert: https://x.com/rleshner

Follow Hasu: https://x.com/hasufl

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(4:04) New Design Philosophies in DeFi

(15:25) Ledger Ad

(15:43) The Vertical Integration Trend

(22:55) Expanding Protocol Services

(30:40) Ledger Ad

(31:15) Neutrality Challenges With Vertical Integration

(36:10) RWA & Stablecoin Growth Going Forward

(52:00) Citrea Ad

(52:29) New Stablecoin Designs

(56:32) What Assets Will Be Tokenized?

(1:03:19) The Value Proposition of DeFi

(1:13:55) Outro

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, we discuss the U.S. Treasury’s stablecoin report, San Francisco’s tech resurgence, Ethereum’s strategic repositioning, and the rapid growth of stablecoins. We also cover Ripple’s acquisition strategy, transparency challenges in crypto, Unto Labs, and Vitalik’s proposal to replace the EVM with RISC-V.

Thanks for tuning in!

--

Resources

US Treasury Presentation Regarding Stablecoins: https://x.com/qthomp/status/1917619129676357692

--

Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information. 

Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks 

Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding. 

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Mike: https://twitter.com/MikeIppolito_

Follow Michael: https://twitter.com/im_manderson

Follow Vance: https://twitter.com/pythianism

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timestamps:

(0:00) Introduction

(2:18) Is San Francisco Back?

(5:40) US Treasury's Stablecoin Presentation

(15:46) Ads (Arkham & Ledger)

(16:24) Institutional Adoption of Crypto

(26:33) Ads (Arkham & Ledger)

(27:42) Are Stablecoins & RWAs Bullish For the L1 Tokens?

(39:06) Citrea Ad

(39:36) Crypto's Transparency Issues

(44:33) Ripple Considered an Acquisition of Circle

(46:57) Calls For OpenAI to Buy Snapchat

(49:01) Thoughts on Unto Labs & Vitalik's RISC-V Proposal

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Bell Curve kicks off its new season with Mippo and monetsupply outlining the major DeFi themes they’ll be exploring. They dive into institutional adoption of DeFi, the increasing vertical integration by leading DeFi players, stablecoins and real-world assets, and the growing financialization of crypto, setting the stage for our best season yet! Thanks for tuning in!

--

Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently entering phase 3 of its mainnet launch — follow along on https://namada.net/

--

Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

--

Citrea is the first zero-knowledge rollup to enhance the capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps). Citrea is optimistically verified by Bitcoin, offering the most Bitcoin-secured and native way to extend BTC’s utility to DeFi. 

Learn more about Citrea: https://citrea.xyz/?utm_source=bellcurve&utm_medium=podcast&utm_campaign=website_promo 

Follow Citrea on X/Twitter for the latest on its journey to mainnet: https://x.com/citrea_xyz

--

Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow MonetSupply: https://x.com/MonetSupply

Follow Mike: https://x.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

Subscribe on Spotify: https://spoti.fi/3cpKZXH

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

Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

--

Timstamps:

(0:00) Introduction

(2:50) What's Exciting About DeFi Today?

(6:46) Fragmentation & Reaggregation in DeFi

(14:03) Ads (Namada & Ledger)

(14:37) Morpho vs Aave's Architecture

(18:44) Counterparty Risks With Modular Designs

(25:09) Vertical Integration in DeFi

(34:35) DeFi Outside of Ethereum's Ecosystem

(45:41) Ads (Namada & Ledger)

(46:51) RWAs and Stablecoins

(1:01:32) Citrea Ad

(1:02:01) The Financialization of DeFi

(1:12:50) How Does Stablecoin Growth Impact the L1?

(1:18:25) The Cold Start Problem

--

Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

In this episode, Santi joins us to break down current crypto market sentiment, crypto valuation frameworks, and the evolving challenges of utilizing onchain data. We also debate Zora’s token launch, the future of creator economies, and whether crypto can disrupt traditional media and content platforms.Thanks for tuning in!

--

Resources

Chopping Block - Is Bitcoin a Safe Haven?: https://open.spotify.com/episode/6n8HWZQ36S5rOoBMi9r6RO?si=viOVZTlGT2uYtBUU8fS-ew

Storm’s Data: https://x.com/notnotstorm/status/1915439259630317995

Vance’s Critique on Crypto Data: https://x.com/pythianism/status/1915435394663162231

--

Aries Markets is the largest lending protocol on Aptos by TVL, and among the top 10 lending protocols across all blockchains! Since launch, Aries has expanded its product suite to become a fully integrated DeFi hub combining lending, borrowing, and more to its community of 738,000+ unique users. 

To learn more about why Aries Markets deployed on Aptos, visit ariesmarkets.xyz

--

Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations. 

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

--

Traders, AI enthusiasts, and degens—listen up! The game is changing, and DESK is leading the charge. Welcome to the next generation of perpetual trading—where cutting-edge technology meets AI-driven automation.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

--

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Santi: https://x.com/santiagoroel

Follow Mike: https://twitter.com/MikeIppolito_

Subscribe on YouTube: https://bit.ly/3R1D1D9

Subscribe on Apple: https://apple.co/3pQTfmD

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Timestamps:

(0:00) Introduction

(4:35) How Do You Value Crypto Assets?

(15:39) Ads (Aptos & Marinade)

(16:07) Issues With Crypto's Data Analytics

(25:10) Ads (Aptos & Marinade)

(26:21) Stages of Growth For Companies

(34:45) Zora's Token Launch & Business Model

(49:01) Desk Ad

(49:26) Can Crypto Disrupt Traditional Media Platforms?

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Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.