Talking Tokens: Crypto, Onchain Finance, Investing

On today’s Talking Tokens episode, Jacquelyn sat down with Jack O’Holleran, co-founder of SKALE Network and CEO of SKALE Labs. Jack shares why MEV is a hidden tax on users, how FAIR — SKALE’s new Layer- 1 — aims to eliminate it at the consensus level, and how crypto infrastructure must evolve for an AI-driven future.

They discuss the difference between SKALE and FAIR, why stablecoins and AI will become deeply intertwined, and how the dual-token model will reward SKALE holders as FAIR goes live. Jack also shares his vision for category-defining products and why the blockchain industry needs to move past hype and toward fundamentals.

TIMESTAMPS

(0:00) - Crypto’s future is stablecoin-native & MEV-free

(1:02) - Jack’s journey: enterprise software to SKALE Labs

(4:47) - Why SKALE scaled to 100M+ txs/mo

(6:01) - What devs want: FAIR as L1 for DeFi & AI

(7:16) - Why MEV is crypto’s invisible tax

(9:01) - Encrypted mempools, front-running & Byte protocol

(10:49) - How AI + stablecoins combine to enable real programmable money

(13:11) - Why TradFi bans MEV, and crypto shouldn’t tolerate it

(14:24) - The “spin” behind MEV as ‘real economic value’

(15:58) - MEV-resistance as default — not opt-in

(17:06) - Why stablecoins may rival AI in impact

(21:00) - Will AI payments break traditional banking rails?

(24:00) - Infra vs apps: where AI funding should go

(26:00) - FAIR launch: already live in testnet

(27:00) - The developer traction and feedback

(29:00) - SKALE x FAIR: how the dual-token model works

(31:00) - Why SKALE supply will deflate as FAIR grows

(33:00) - Timing, launch strategy & market sentiment

(35:00) - Jack’s take on crypto hype vs utility

(36:00) - Final advice: always dig under the hood

If you like the show, please let us know by leaving a review!

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Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokens

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Note: This podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

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On today’s Talking Tokens episode, Jacquelyn sat down with Abubakar Nur Khalil, CEO of Recursive Capital and board member and CEO of Btrust — the Bitcoin development organization backed by Jack Dorsey and Jay-Z. Abubakar has been at the center of Bitcoin’s growth across Africa, from launching a venture fund to distributing over $1.7 million in grants to open-source developers.They discuss why Btrust is expanding from Africa to Latin America, the role of Bitcoin in energy, governance, and national treasuries, and why Abubakar sees Bitcoin as fundamentally different from crypto. He also breaks down what’s driving local adoption, why builders are choosing Bitcoin over web2 or AI careers, and what’s next for Bitcoin education, regulation, and electrification across the Global South.TIMESTAMPS:

(0:00) - How Bitcoin is evolving in Nigeria and beyond

(1:02) - Who is Abubakar Nur Khalil?

(2:16) - Starting Recursive Capital and building a Bitcoin VC fund

(4:47) - Why they rebranded to focus solely on Bitcoin

(5:45) - The story behind Btrust and its $1.7M in grants

(7:03) - Why Btrust is expanding beyond Africa

(9:01) - Why developers want to be paid in Bitcoin

(10:14) - Abubakar’s Bitcoin thesis vs other crypto projects

(12:07) - The 3 biggest Bitcoin use cases right now

(15:03) - Why Bitcoin treasuries matter for African startups

(16:07) - How Recursive and Btrust stay separate

(17:20) - What surprised him most about building both orgs

(20:00) - Educating developers who don’t know Bitcoin careers exist

(23:02) - What governments are thinking about Bitcoin in 2024

(28:00) - Final advice: Align your principles, then act

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZApple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141Follow us on X: Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokensFollow us on InstagramTalking Tokens: https://www.instagram.com/_talkingtokens/Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Kevin Boon, President of Mysten Labs, the core team behind the Sui blockchain. From fine arts and law to building crypto infrastructure, Kevin shares his unconventional journey and what’s next for the Sui ecosystem.

They discuss how Kevin balances legal and leadership roles, how the community responded to the recent Cetus exploit, and why Mysten is building out its own full infrastructure stack. Kevin also talks about tokenized equities, stablecoins, and what DeFi products actually have product-market fit.

TIMESTAMPS:

(0:00) - Is Sui really decentralized?

(1:02) - Kevin’s journey: art school to crypto

(4:47) - How he became president of Mysten Labs

(7:16) - What it’s like leading a blockchain ecosystem

(12:03) - The Cetus exploit and community response

(17:01) - Governance vs centralization

(20:12) - What is Walrus and why it matters

(27:58) - Real-world use cases: ads, telecom, storage

(30:23) - Building Mysten’s full product stack

(32:10) - What DeFi actually works

(37:56) - Stablecoins and institutional demand

(42:04) - Tokenized equities and new markets

(44:47) - The future: DeFi mortgages and beyond

(47:38) - Final advice: build for hard times

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

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Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141

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Jacquelyn: https://twitter.com/jacqmelinek 

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Mary-Catherine “MC” Lader, President and COO of Uniswap Labs. Uniswap is behind the world’s largest decentralized exchange and recently launched Unichain, a new layer-2 blockchain built to optimize trading and liquidity.

They discuss Mary’s journey from Goldman Sachs to BlackRock, where she founded the digital assets division in 2015 and led early innovation in tokenization. Now at Uniswap, MC shares her vision for simplifying DeFi, why the team launched Unichain, how the Uniswap API is unlocking new use cases, and what’s needed to bring institutional capital and new users on-chain.

TIMESTAMPS:

(0:00) - Why DeFi is here to stay

(1:02) - MC’s journey from BlackRock to Uniswap

(6:50) - First impressions and joining a 10-person team

(9:55) - Why institutions are now entering DeFi

(11:05) - What Unichain solves that other L2s don’t

(13:30) - The UX problem in crypto

(15:55) - Uniswap V4 as a developer platform

(16:50) - The power of the new Uniswap API

(18:50) - The rise of tokenization and stablecoins

(21:00) - Why Uniswap is betting on self-custody

(26:00) - How Uniswap thinks about compliance and privacy

(34:15) - MC’s mission: making finance universally accessible

(42:00) - Final advice: stay aligned with users, ignore price noise

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ

Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Mary Gooneratne, co-founder of Loopscale. Loopscale is a lending protocol on Solana designed to give sophisticated users more control over capital, collateral, and credit risk. They discuss how Mary went from building on Ethereum during DeFi summer to pivoting toward Solana, why the protocol shifted from pool-based lending to order-book-style credit markets, and how Loopscale recovered all user funds after a $5.8 million exploit. Mary breaks down the differences between institutional and retail borrowing behavior, how its fixed yield looping product hit $1 billion in volume, and why she believes DeFi can rebuild global credit markets more transparently than traditional finance.

This episode is a part of the Solana Sessions campaign that Token Relations and the Talking Tokens podcast are doing, diving into founders’ journeys and startups building on Solana.

TIMESTAMPS:

(0:00) - Mary’s background and founding Loopscale

(2:24) - From tokenized whiskey casks to crypto credit markets

(4:23) - Why lending hasn’t evolved like trading on Solana

(6:01) - Pool-based model limitations and capital inefficiency

(8:11) - Why Solana was the only viable chain

(11:02) - Inside the $5.8M exploit and recovery process

(13:08) - Lessons from the hack and security upgrades

(17:12) - New risk controls and protocol design changes

(20:03) - Who uses Loopscale: LPs, whales, and institutions

(21:24) - What products are growing fastest

(24:07) - Why idle Solana liquidity is a huge opportunity

(25:58) - The future: real-world assets and institutional lending

(27:10) - What institutions want from on-chain credit

(28:21) - Global credit markets and underserved borrowers

(30:13) - What’s next: sponsored credit vaults

(30:29) - Final advice: talk often and talk to builders

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Amir Haleem, CEO and co-founder of Helium. Helium has a decentralized wireless network powered by community-run hotspots that supports IoT devices and mobile coverage. Today, its WiFi network boasts over 93,500 hotspots across the U.S. and Mexico, and the network serves around 1 million daily users. Helium has also secured major partnerships with AT&T, T-Mobile, and Telefónica.

They discuss how Amir and Napster’s Shawn Fanning co-founded Helium in 2013, transforming it into a people-powered connectivity model that now rivals traditional telcos in prepaid signups. Amir explains the economics behind hotspot mining and how the Helium Mobile network offloads carrier data with a 555% increase in offloaded traffic last quarter. You’ll also hear why Helium chose to hide the crypto in consumer-facing products, and how its Zero Plan, a free phone plan in the U.S., is built on top of their infrastructure and attracting thousands of new users every day.

TIMESTAMPS:

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ

Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141

Follow us on X:  

Jacquelyn: https://twitter.com/jacqmelinek 

Talking Tokens: https://twitter.com/_TalkingTokens

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Muneeb Ali, the founder of Stacks. Stacks is a Bitcoin layer-2 blockchain that turns BTC into programmable money — unlocking smart contracts, lending markets, and yield without changing Bitcoin’s base layer. The network has already surpassed $500 million in total value locked and is pushing toward self-custodial infrastructure that removes the need for signers or bridges.

They discuss Muneeb’s journey from Princeton PhD to building one of the earliest Bitcoin layer-2s, why Bitcoin DeFi (or BTCFi) is finally having its moment, and how institutions, nation-states, and even bots are in the next wave of adoption. Muneeb breaks down why Stacks’ BTC-backed assets are taking off, what the Satoshi upgrade means for scalability, and why making Bitcoin productive could reshape the global financial system.

TIMESTAMPS:

(0:00) - Intro

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

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Follow us on X:  

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Chris Maurice, the co-founder and CEO of Yellow Card. Yellow Card powers on-and-off ramp payments for over 30,000 businesses across Africa. It was Africa’s most funded crypto exchange after raising $88 million. It has since pivoted from retail crypto access to becoming the stablecoin backbone for businesses in high-friction markets.

They discuss Chris’ journey from selling Bitcoin at Taco Bell to running a multi-country exchange, why he dropped everything to fly to Nigeria on a one-way ticket, and how Yellow Card helps banks, importers, and even local vendors access USD liquidity through stablecoins. Chris also dives into navigating fear-based narratives about emerging markets, why local strategy trumps global assumptions, and how the future of cross-border finance lies in rebuilding the broken correspondent banking system.

TIMESTAMPS:

(0:00) – Intro

(1:01) - From selling Bitcoin on eBay to founding Yellow Card

(5:53) - Meeting a Nigerian man changed everything

(8:56) - Why Chris flew to Nigeria with no visa and one goal

(11:00) - The origin of the name Yellow Card

(13:00) - Why Lagos changed Chris’s worldview

(15:09) - Misconceptions about emerging markets

(18:31) - Pivoting Yellow Card from exchange to stablecoin rails

(20:02) - How 99% of users switched to stablecoins

(22:12) - Why stablecoins matter more in Argentina than NYC

(23:13) - Replacing the broken cross-border banking system

(30:30) - Working with 30,000 businesses across Africa

(33:39) - Why localized strategy is key in Africa

(37:15) - Case studies: pharma, food, and banking

(40:04) - The future of Yellow Card and stablecoin infrastructure

(42:12) - Advice: stop waiting, just get started

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ

Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141

Follow us on X: Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokens Token Relations: https://twitter.com/Token_Relations

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Tomer Weller, Chief Product Officer at the Stellar Development Foundation. Stellar is a blockchain network focused on real-world financial use cases — from cross-border payments to tokenized treasuries — and has quietly built one of the strongest infrastructures in emerging markets like Latin America and Africa, including a major partnership with MoneyGram.They discuss Stellar’s evolution over the past 11 years, why it chose to stay mission-aligned while others chased hype, and how it’s enabling native crypto-to-cash flows, seamless DeFi access, and developer-friendly smart contracts with Soroban. Tomer also shares his take on Web3 product design, the future of privacy, and what it takes to earn institutional trust.

Timestamps

(0:00) - Intro
(1:01) - Tomer’s background & joining Stellar
(2:33) - How Stellar has evolved over the years
(5:18) - Cross-border payments & MoneyGram integration
(8:06) - UX: Making crypto invisible to users
(11:46) - What makes a bad Web3 product
(13:16) - Why security needs to come first
(15:02) - Soroban & Stellar’s smart contracts vision
(20:27) - Governance, validators & institutional trust
(26:28) - Why developers choose to build on Stellar
(27:32) - DeFi + RWAs: New frontier for tokenization
(30:02) - What institutions want next: Privacy

You can subscribe to the podcast on Spotify, Apple or YouTube. If you like the show, please let us know by leaving a review!

Spotify: https://open.spotify.com/show/0LOgWxIQ0NnNUD5eXsSuoZ

Apple Podcast: https://podcasts.apple.com/us/podcast/talking-tokens/id1743669141

Follow us on X: Jacquelyn: https://twitter.com/jacqmelinek Talking Tokens: https://twitter.com/_TalkingTokens Token Relations: https://twitter.com/Token_Relations

Follow us on Instagram

Talking Tokens: https://www.instagram.com/_talkingtokens/

Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.

On today’s Talking Tokens episode, Jacquelyn sat down with Gabe Otte, CEO and Co-Founder of Dinari. They discuss why Gabe decided to focus on tokenized securities back in 2021, its expansion into LatAm and South East Asia and United Arab Emirates as well as how the sector has gained traction in recent months and the biggest opportunities to come.

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You can subscribe to the podcast on Spotify, Apple or Youtube. If you like the show, please let us know by leaving a review!

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Note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode.