Today we're joined by Tom Wan, Head of Data at Entropy Advisors, and Ali, Data at Entropy Advisors to break down one of crypto's biggest infrastructure launches of the year: Robinhood Chain.

We dive into why Robinhood chose Arbitrum as its blockchain infrastructure, how the partnership actually works behind the scenes, and what this means for the future of tokenized real-world assets. We also explore early onchain data, blob usage, revenue sharing, Ethereum economics, and whether Robinhood could become the everything-app for finance.

We discuss:

•  Why Robinhood launched its own blockchain 
•  Robinhood's partnership with Arbitrum explained 
•  Blockchain infrastructure vs distribution 
•  Tokenized RWAs and Robinhood's vision 
•  Early Robinhood Chain adoption metrics 
•  Memecoins vs real-world assets 
•  Robinhood app UX and chain abstraction 
•  Blob usage and Ethereum settlement 
•  Robinhood Chain revenue sharing 
•  Ethereum vs Arbitrum economics 
•  The future of tokenized finance 
•  What's next for Robinhood Chain 

And much more—enjoy!

—

Timestamps:

(00:00) Introduction

(01:10) Why Robinhood built a chain

(09:20) Blockchain as infrastructure

(21:26) Memes vs RWAs

(23:39) Robinhood user experience

(31:25) Chain abstraction explained

(44:14) Robinhood blob dominance

(45:19) Revenue sharing model

(47:16) Arbitrum economics

(48:18) Future of Robinhood Chain

(51:03) What's coming next

(53:09) Outro

—
Content links:
https://x.com/adam_tehc/status/2075565893179113493?s=46&t=CgOOIjEz_uRbAZFFRLsgAg

https://x.com/jonbma/status/2077097764488359972?s=20

https://x.com/Adam_Tehc/status/2077092599278846159?s=20

https://x.com/EntropyAdvisors/status/2077833176827805901?s=20

https://arbdata.com/ecosystems/robinhood
—

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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

The Manipulation of 5min BTC Price on Polymarket

Today we're joined by Ruizhe Jia, Assistant Professor at Stanford University, to unpack one of the most fascinating market structure discoveries in crypto this year.

We dive into new research showing how Polymarket's 5-minute Bitcoin prediction markets may be creating incentives to manipulate BTC's spot price at settlement. 

We discuss who actually trades these markets, why sophisticated traders exploit them, how market makers react, and what this means for the future of prediction markets and programmable finance.

We discuss:

• Stanford's research into crypto market structure
• Why 5-minute BTC markets exist
• Who actually trades these prediction markets?
• Evidence of BTC price manipulation around settlement
• How sophisticated traders exploit Polymarket
• Market makers adapting to manipulation
• Why retail may be at a disadvantage
• Binary options vs prediction markets
• Can prediction markets become more efficient?
• The future of programmable financial infrastructure

And much more—enjoy!

—
Timestamps:

(00:00) Introduction

(01:06) Why Stanford studies crypto

(05:27) The 5-minute BTC market

(09:00) Who trades these markets?

(13:22) Can traders exploit them?

(15:45) The manipulation research

(21:05) How BTC price gets moved

(30:30) Why market makers profit

(38:25) Why manipulation works

(41:25) Retail's hidden disadvantage

(45:18) Are these markets useful?

(49:43) Future of prediction markets

(54:38) Final thoughts

—
Content links:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7028398

https://x.com/RuizheJia/status/2074615729333374981?s=20

https://x.com/sui414/status/2074650268927742307?s=20

https://panteraresearchlab.xyz/research/crypto-on-the-clock/

—
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Why Solana Data Doesn't Agree (And Why That Matters)

Today we're joined by Waddah from the Solana Foundation to discuss Solana Data, an initiative tackling one of crypto's biggest hidden problems: why different data providers report completely different numbers.

We discuss:

• What is Solana Data?
• Why crypto data providers disagree
• Institutional adoption & data quality
• Benchmarking Dune, Artemis, Allium & others
• DEX volume methodology differences
• Stablecoin supply challenges
• Wash trading & filtering assumptions
• Open source data benchmarking
• Building standards for crypto analytics
• The future of onchain data auditing
• Why transparency matters for institutions

And much more—enjoy!

—
Timestamps:
(00:00) Introduction
(00:55) What is Solana Data?
(02:20) Why institutions need data
(04:23) Launching Solana Data
(06:24) Data provider disagreements
(11:15) Biggest data headaches
(12:08) Stablecoin supply issues
(14:14) DEX volume comparison
(22:19) Why metrics differ
(27:19) Cross-chain data standards
(32:50) Open source methodology
(36:00) Community contributions
(38:02) Most trusted metrics
(41:50) Final thoughts
(43:25) Outro

—
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Solana Data:
https://solana.com/data

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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Today we're joined by Ben, co-founder and CEO of Noves, to explore the Canton Network.

We discuss:

• What is the Canton Network?
• How privacy works on Canton
• Why blockchain data breaks on private networks
• How Noves indexes Canton data
• Validators, synchronizers & network architecture
• Network performance, TPS & scalability
• Institutional adoption & real-world assets
• Privacy vs transparency trade-offs
• What activity is happening on Canton today?
• The future of institutional blockchain infrastructure
• Live walkthrough of Canton analytics dashboards

And much more—enjoy!

—
Timestamps:
(00:00) Introduction
(04:28) How Canton works
(10:04) Collecting private data
(12:29) Validators explained
(17:37) Network performance
(18:04) Peer-to-peer architecture
(25:57) What Noves can see
(27:27) Privacy vs transparency
(28:18) Institutional adoption
(35:27) Activity on Canton
(38:24) Canton dashboard demo
(43:57) Blockchain meets TradFi
(44:44) What's next for Noves
(46:04) Outro

—
Follow the guest:
https://x.com/novesben

Noves:
https://ccdata.noves.fi/
https://x.com/Noves_fi

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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

In today's episode, we're joined by Kofi (@0xKofi) to discuss how AI agents are fundamentally changing crypto data analysis, research, and engineering workflows.

We discuss:

• The evolution from manual coding to AI-assisted development
• How MCPs unlock onchain data exploration
• Using Herd MCP to analyze smart contracts
• AI agents for protocol research and data engineering
• Context windows, planning, and agent workflows
• Cursor vs OpenCode vs Claude Code
• Managing multiple agents simultaneously
• Model selection, costs, and productivity tradeoffs
• Building internal AI knowledge bases
• Agent orchestration and autonomous workflows
• Training agents to replicate human expertise
• The future of AI-powered crypto analytics

And much more—enjoy!

—
Timestamps:
(00:00) Introduction
(01:24) AI replaces frontends
(03:24) Herd MCP demo
(05:40) Exploring contracts with AI
(08:06) Exploration, planning, execution
(11:38) Investigating onchain activity
(17:10) Managing agent workflows
(20:20) Multi-agent productivity
(23:01) Model selection tradeoffs
(29:11) Trusting AI outputs
(31:28) Missing links today
(34:37) Agent orchestration future
(38:02) Training agents from work
(38:20) Outro

—
Content links:
https://x.com/0xKofi/status/2059375006367490340?s=20

https://x.com/addyosmani/status/2059844244907696186?s=20

—
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Today we're joined by Katia Banina, CEO of Bebop, to unpack one of the most misunderstood emerging trading primitives in DeFi: PropAMMs.

We discuss:

•  What Bebop does and its evolution 
•  Why PropAMMs aren’t actually AMMs 
•  RFQs vs streaming quotes 
•  The concept of Request for Stream (RFS) 
•  How PropAMMs work on Ethereum 
•  Market maker incentives and quote signing 
•  Toxic flow and execution quality 
•  Block builders and sidecar quote streams 
•  Ethereum vs Solana PropAMM designs 
•  Oracle updates and onchain execution 
•  RFQ vs PropAMM tradeoffs 
•  Adoption across aggregators 
•  The future of onchain market structure 

And much more—enjoy!
 —
 Timestamps:
 (00:00) Introduction
 (01:35) What is Bebop?
 (02:25) Bebop’s evolution
 (07:41) Why PropAMMs aren’t AMMs
 (10:20) RFQs vs streaming quotes
 (12:35) Request for Stream explained
 (26:39) Ethereum vs Solana designs
 (32:05) Signed quotes and incentives
 (39:11) Block builders and sidecars
 (47:06) RFQ vs PropAMM execution
 (55:03) Oracle-traded markets
 (56:24) Adoption and market share
 (1:02:15) Future of onchain trading
 (1:03:16) Outro
 —
Content links:
https://pamm.wtf/
https://docs.titanbuilder.xyz/propamms
https://x.com/bebop_dex/status/2049867261662347594?s=20
—
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

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 —
DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Did AI Trading Agents Actually Work?

Today we're diving into AI trading agents, the rise of DeFAI, and whether autonomous trading bots are actually generating alpha. 

We discuss:

•  AI trading agents and the DeFAI hype cycle 
•  Eliza, Virtuals, and agentic trading products 
•  Onchain tracking vs qualitative research 
•  Whether agents actually made money 
•  Early wins, later losses, and extractive markets 
•  Alpha Arena and AI model trading competitions 
•  Why sample size matters for agent experiments 
•  Agent reliability, harnesses, and model variability 
•  AI workflows, Dune MCP, and product building 
•  ChatGPT, Claude, Cursor, and personal productivity 
•  Ethereum bearishness, EVM success, and ETH value capture 
•  Stablecoins and prediction markets as local bull markets 

And much more—enjoy!
 —
 Timestamps:
 (00:00) Introduction
 (00:46) AI trading agents
 (01:26) DeFAI product promises
 (04:55) Eliza and Virtuals
 (05:08) Research methodology
 (12:58) Biggest wallet gains
 (14:48) Profitability fades
 (16:19) Alpha Arena experiment
 (19:18) Sample size problem
 (25:57) Learning from competitions
 (31:51) Dune MCP workflows
 (42:04) Ethereum bearishness
 (53:41) Outro
 —
Content links:
Agentic Trading paper: https://arxiv.org/abs/2605.29174*

Tweet 1: https://x.com/jay_azhang/status/1996301170281795607?s=20

Tweet 2: https://x.com/jay_azhang/status/1996984618751611006?s=20

Tweet 3: https://nof1.ai/leaderboard

 —
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

Subscribe/follow the show and leave a comment to help us grow the show!
 —
DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

In today's episode, we dive deep into Solana’s PropAMM landscape and the battle shaping onchain market structure.

We discuss:

• What PropAMMs are and why they’ve taken over Solana spot liquidity
• How gas economics shift costs from makers to takers
• Latency games, flashing, and spoofing tactics
• Execution quality vs oracle pricing
• Why onchain price discovery is still lagging
• Binance vs PropAMMs vs true decentralization
• The role of Solana’s scheduler, priority fees, and compute units
• Why PropAMMs dominate spot but struggle in perps
• The case for continuous order books
• DoubleZero and private fiber networks
• Building Blink: a neutral, price-discovery-first venue
• The future of fair and verifiable crypto exchanges

And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(01:07) What is Blink?
(04:07) Crypto market structure problems
(10:46) Binance vs decentralization spectrum
(22:10) PropAMM gas advantages
(32:37) Latency and order flow
(39:26) Spoofing and flashing tactics
(1:03:27) Solana PropAMM efficiency
(1:04:25) Blink tech stack
(1:06:13) Spot vs perps limits
(1:07:26) Continuous order books
(1:10:33) Outro
—
Content links:
https://dune.com/the_defi_report/prop-amms

https://x.com/moonshiesty/status/2019803058750824710?s=20

https://x.com/moonshiesty/status/2041266918015803661?s=46&t=CgOOIjEz_uRbAZFFRLsgAg

https://x.com/jump_/status/2044494127367135386?s=20

https://0x.org/post/propamm-shenanigans

https://www.helius.dev/blog/solanas-proprietary-amm-revolution

—
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.
Subscribe/follow the show and leave a comment to help us grow the show!
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

In today’s episode, we’re diving into the state of tokenization, unpacking what “real usage” actually looks like beyond headlines. Plus, the TradFi onchain vibe shift happening at conferences.

We discuss:
- The suits takeover and the Agora side-event
- TradFi players moving onchain (Bloomberg, S&P, and more)
- “Crypto is fintech now” and the industry narrative split
- State of Tokenization dashboard
- Transferability vs composability: what actually makes assets useful
- Permissioned wrappers, regulatory constraints, and 24/7 markets
- How DeFi can learn from curated collateral standards (Morpho)
- Why real estate is uniquely hard to tokenize
- Better tokenization metrics: wallets, velocity, volume, DeFi deployment
- Perp rails and Hyperliquid catching TradFi attention
- What’s next: how much TradFi volume moves onchain

And more—enjoy

—
Timestamps:
(00:00) Intro
(03:21) TradFi moves onchain
(04:35) Crypto becomes fintech
(15:57) State of tokenization dashboard
(20:55) Redemption frictions and heatmap
(27:21) Morpho collateral rating lessons
(30:35) Wrappers vs composability limits
(36:55) Real estate tokenization problems
(41:35) Metrics beyond tokenized value
(44:22) Perps and Hyperliquid draw
(52:27) Outro
—
Content links:
Tokenization Report: https://panteracapital.com/state-of-tokenization-q1-2026-pdf/
State of Tokenization Data Portal: http://tokenization.panteracapital.com/
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

In today’s episode, we’re breaking down the Kelp DAO exploit and the cascading fallout across DeFi. We unpack how a LayerZero configuration was abused to mint unbacked rsETH, how the attacker used Aave to extract liquidity, and why this turned into DeFi’s first true “bank run” moment.

We discuss:

• Kelp DAO rsETH exploit overview
• LayerZero configuration and RPC attack
• Minting 290m unbacked rsETH
• Bridged assets and blast radius
• Depositing fake collateral into Aave
• How looping and leverage amplified risk
• Aave’s monolithic pool design flaw
• Morpho’s isolated market comparison
• Liquidation mechanics and bad debt
• $10B Aave outflows and bank run
• TVL quality vs headline TVL
• DeFi reputation and permissioned shift

And more—enjoy

—
Timestamps:
(00:00) Intro
(02:00) What got exploited
(05:20) Restaking and looping explained
(08:15) LayerZero config vulnerability
(10:08) 290m rsETH minted
(16:10) Depositing into Aave
(18:45) Morpho vs Aave design
(24:30) Governance responsibility debate
(28:40) LayerZero network scale
(34:55) $10B Aave outflows
(41:00) DeFi reputation hit
(52:00) TVL quality discussion
(56:24) Outro
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.
Subscribe/follow the show and leave a comment to help us grow the show!
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.