This episode kicks off with Celestia's massive $100 million raise and its implications for modular blockchains. We then dive into the evolving landscape of blockchain interoperability, examining Hyperlane's SVM expansion and Wormhole's Era 3 upgrades. The conversation shifts to TreasureDAO's controversial move from Arbitrum to zkSync, debating project loyalty and financial incentives. We close by discussing Athena's EUSD, exploring dollar-denominated restaking and stablecoin centralization concerns. Thanks for tuning in!

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Join us at Permissionless III Oct 9-11. Use code: EXPANSION10 for a 10% discount: https://blockworks.co/event/permissionless-iii

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Timestamps:

(00:00) Introduction

(01:18) Celestia & Initia Raise

(06:19) Kyle Samani & Vitalik Debate

(12:00) SVM Adoption

(16:53) Permissionless III Ad

(18:25) Wormhole Era 3

(28:14) Issuance Centralization

(40:00) Ethena Liquid Restaking LRT

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Disclaimer

Expansion was kickstarted by a grant from the Celestia Foundation.

Nothing said on Expansion 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. Rex, Jon, and our guests may hold positions in the companies, funds, or projects discussed.