Morpho – A lending pool optimizer for better rates in DeFi | 15-minute fundamentals ep. 26 Token Terminal 2026-09-20 | Morpho – A lending pool optimizer for better rates in DeFi | 15-minute fundamentals ep. 26
Introducing Token Terminal Teams Token Terminal 2024-11-14 | With Token Terminal Studio, analysts gained the power to create custom charts, data tables, and dashboards. Now, with Teams, entire investment and data analytics teams can collaborate on custom dashboards in real-time.Make sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#TokenTerminal
Introducing Token Terminal Studio Token Terminal 2024-11-13 | We’re excited to introduce Token Terminal Studio, a suite of industry-leading tools designed to enable analysts to easily create custom analysis by leveraging the data that’s available on Token Terminal.Get started today at tokenterminal.com/explorer/studioMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#TokenTerminal
Introducing Token Terminal Sheets Token Terminal 2024-11-12 | We’re excited to introduce Token Terminal Sheets, a Google Sheets & Microsoft Excel plug-in that makes all Token Terminal datasets accessible within analysts’ spreadsheet workflows, and frees up more time for research and insight generation.👉 Token Terminal for Sheets Plugin: workspace.google.com/marketplace/app/token_terminal_for_sheets/702043887467👉 Token Terminal for Excel Plugin: appsource.microsoft.com/en-us/product/office/WA200007719?tab=OverviewMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#TokenTerminal
ETFs, L2 Economics, Onchain Analytics & More: Institutional Insights from David Han Token Terminal 2024-09-24 | In this episode, we’re joined by David Han, Institutional Research Analyst at Coinbase, to discuss the latest market trends, onchain developments, and David's journey into the crypto space. Our conversation covers the purpose of Coinbase’s research team, the state of onchain analysis, and more specifically how important access to verifiable onchain analytics is. We speak about the state of Bitcoin and Ethereum ETFs, and where the difference in traction stems from. We touch on Bitcoin dominance, and dive into Ethereum’s current scaling roadmap and address how the L2 roadmap might be slightly extractive to ETH. We move on to speak about tokenization, and real-world assets, where David shares insights from his previous role at Goldman Sachs, where he was part of the team developing a tokenization platform, and we speak about the hurdles faced by institutional adoption of blockchain technology. David also discusses underutilized onchain metrics, the need for quality filters, his creation of custom metrics to serve this need, the overall state of the crypto market outside of just BTC and ETH, and what aspects of growth on L1s like Solana and TON investors should be focusing on.Tune in for a great discussion on the Fundamentals of everything onchain.David Han on X: https://x.com/0xdavidhanCoinbase Institutional on X: https://x.com/CoinbaseInsto Coinbase Institutional Research: coinbase.com/institutional/research-insightsETH and the Rise of L2s: coinbase.com/en-sg/institutional/research-insights/research/market-intelligence/eth-and-the-rise-of-l2sInterpreting Token Inflation: coinbase.com/en-sg/institutional/research-insights/research/market-intelligence/interpreting-token-inflationMeasures of Adoption in the EVM (H-index): coinbase.com/en-sg/institutional/research-insights/research/market-intelligence/measures-of-adoption-in-the-evmTimestamps:00:00 Introduction00:43 David Han's Journey into Crypto03:40 Role and Focus of Coinbase's Research Team06:00 Importance of Onchain Analytics08:39 Challenges in Comparing Crypto and TradFi Metrics09:59 Underutilized Onchain Metrics: Quality Filters & The H-index13:49 How Project Teams Should Aim to Showcase Their Onchain Data17:47 Bitcoin vs. Ethereum ETFs: Institutional Perspectives27:20 Institutional Investment in ETH vs. BTC28:13 Bitcoin Dominance and Market Trends31:35 Ethereum's Evolving Narrative and L2 Impact36:02 Tokenization: Leanings from Goldman’s Digital Assets Team44:57 Token Inflation and Market Dynamics52:07 Emerging Trends on Solana and TON54:11 Conclusion and Upcoming ResearchMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Coinbase #Bitcoin #Ethereum #TokenTerminal
Exploring Arbitrum Stylus, Orbit, and Nitro: An Interview with Steven Goldfeder Token Terminal 2024-09-17 | In this episode, we’re joined by Steven Goldfeder, Co-Founder and CEO of Offchain Labs, the team behind Arbitrum. We discuss the launch of Arbitrum Stylus, which significantly broadens the blockchain developer ecosystem by enabling the creation of smart contracts in programming languages that compile to WASM, such as Rust, C, C++, and many others.We talk about Arbitrum's strategic positioning in the expanding blockchain market, highlighting its value proposition against alternative ecosystems and tech stacks.We cover key developments within the Orbit ecosystem, the concept and significance of chain clusters, and the most exciting chains being developed today. We also break down Arbitrum’s business model and how institutions like Franklin Templeton and Robinhood are integrating with the onchain ecosystem.The discussion concludes with Steven’s vision of Arbitrum's success as a leader in various verticals, from DeFi to gaming to institutional finance, driven by innovative applications powered by the Nitro tech stack.Tune in for an insightful discussion on the fundamentals of Arbitrum.Make sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Introduction01:16 Arbitrum Stylus: The Broadband Moment for Blockchain Development09:46 Exploring the Orbit Ecosystem17:50 Chain Clusters and Interoperability28:15 The Power of Customizability29:08 The Arbitrum Nitro Tech Stack30:07 Arbitrum Developer Guild and Community Contributions35:57 Arbitrum's Vision for Success38:39 Partnerships and Institutional Adoption40:39 Arbitrum x Robinhood45:12 Arbitrum's Business Model and Value Accrual54:02 Upcoming MilestonesCrypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Arbitrum #Ethereum #TokenTerminal
Navigating Asset Tokenization with Securitize | Interview with Carlos Domingo Token Terminal 2024-08-22 | In this episode, we're joined by Carlos Domingo, Co-Founder and CEO of Securitize – a financial services platform that specializes in the tokenization of real-world assets. We dive into the world of asset tokenization, starting with Securitize’s journey from its founding to its role today as a leader in the space. We break down our framework for asset tokenization, discussing how token issuers transform legacy assets into more dynamic, interoperable digital assets that unlock new value creation opportunities.Carlos explains the benefits of tokenization for all involved stakeholder, using different products available on Securitize’s platform as examples: We dive deep into BlackRocks BUIDL fund, that recently broke $500m in deposits, and the most recent addition to their product suite, Hamilton Lane’s $5.6B Secondary Fund. We explore Securitize's rigorous vetting process for adding new investment opportunities, how they make money, the differences between onchain vs. offchain ledgers and reporting requirements, and what the challenges are that lie ahead and what it will take for Securitize to 100x their business.Tune in for a great episode on the fundamentals of Securitize and asset tokenization.Token Terminal's asset tokenization framework (Asset Tokenization, the Return of the Incumbents): tokenterminal.com/resources/weekly-fundamentals/asset-tokenizationSecuritize: securitize.ioSecuritize on X: https://x.com/SecuritizeCarlos on X: https://x.com/carlosdomingoMake sure to leave a comment if you have any questions 🙌Timestamps00:00 Introduction01:43 Overview of Securitize04:33 Token Terminal's Tokenization Taxonomy07:11 Carlos’ Insights for Navigating the Tokenization Landscape14:56 The Value Proposition of Tokenization21:19 Due Diligence Process for New Investment Opportunities25:21 Securitize's Role in BlackRock's BUIDL Fund27:45 Investment and Redemption Process30:38 Securitize's Business Model and Revenue Streams32:07 Hamilton Lane's Secondary Fund VI39:53 Onchain Data and Reporting42:18 Future of Blockchain-Based Records48:21 Challenges and Future Growth📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#TokenTerminal #Securitize #Tokenization
Macro Trends and Digital Asset Strategies with Jamie Coutts from Real Vision | Token Terminal Token Terminal 2024-07-31 | In this episode, we’re joined by Jamie Coutts, Chief Crypto Analyst at Real Vision – a financial knowledge and education platform founded in 2014. They share honest financial insights from the smartest industry experts, along with time-efficient market tools, an AI concierge, charting, note-taking, and access to a powerful community of like-minded investors and thinkers.With a rich background in traditional finance, trading, and technical analysis. Jamie provides insights into his career progression, from Credit Suisse, to Bloomberg Intelligence, to his current research role at Real Vision. The discussion covers a wide range of topics including the importance of macroeconomic factors, liquidity cycles, and the evolving institutional approach to digital assets. Jamie shares his views on Bitcoin's role as collateral, the current and future state of smart contract platforms, the potential impact of digital and decentralized assets on global finance, the strategies to outperform during a bull cycle, and how Jamie uses onchain data to asses fundamentals.Make sure to leave a comment if you have any questions 🙌Tune in for a great discussion on the fundamentals of crypto!Real Vision Crypto: realvision.com/marketplace/rv-cryptoJamie on X: https://x.com/Jamie1CouttsReal Vision on X: https://x.com/RealVisionTimestamps:00:00 Introduction01:29 Jamie's Professional Background02:58 Transition to Crypto and Bloomberg Experience06:41 Insights on Institutional Adoption of Crypto09:27 Joining Real Vision12:40 Macro Environment and Liquidity Cycles22:34 Bitcoin's Collateralization Mission33:18 Investment Strategies in a Bull Market36:47 Current Assets and Sectors of Interest43:25 Future of Real Vision📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#RealVision #Crypto #TokenTerminal
AggLayer: Polygons Vision for the Internet of Value | Interview with Sandeep Nailwal & Marc Boiron Token Terminal 2024-07-24 | In this episode, we're joined by Sandeep Nailwal and Marc Boiron from Polygon. We discuss the notion of prediction markets and their increasing relevance in the crypto space, driven by the success of Polymarket. We then focus on both the technological and economic aspects of the evolving blockchain landscape, highlighting AggLayer, Polygon’s solution for creating an infinitely scalable blockchain ecosystem. This ecosystem aims to provide economic sovereignty for individual chains while ensuring unified liquidity and interoperability.We explore the concept of the internet of value and how Polygon is positioned to facilitate its adoption. Topics include the current state of the blockchain market, Polygon’s business case for developing AggLayer, and how developers should evaluate Polygon compared to other ecosystems.Tune in for an insightful episode on the fundamentals of Polygon.Make sure to leave a comment if you have any questions 🙌Polygon: https://polygon.technology/Polygon (X): https://x.com/0xPolygonSandeep (X): https://x.com/sandeepnailwalMarc (X): https://x.com/0xMarcBTimestamps:00:00 Introduction01:39 Solar Flares and the Carrington Event05:05 Polymarket: The Rise of Prediction Markets10:44 The Future of Blockchain and AppChains15:31 Building the Value Layer of the Internet22:12 AggLayer: Polygon's Vision for Mass Adoption28:28 Governance and Sovereignty in the AggLayer29:07 Technical Foundations and Pessimistic Proofs32:05 Polygon's Collaborative Ethos41:43 Competitive Landscape and Builder's Perspective50:03 Business Case and Economic Model📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Polygon #AggLayer #Blockchain #TokenTerminal
TON: Panteras Largest Investment Ever | Interview With Cosmo Jiang Token Terminal 2024-07-11 | In this episode, we’re joined by Cosmo Jiang, Portfolio Manager at Pantera Capital to discuss the details behind Pantera’s largest investment ever, into The Open Network – or TON – the Layer 1 network originally designed by Telegram. We speak about Pantera's long-term approach to fundamentals-based investing, and walk through their typical deal sourcing and due diligence processes. We explore the factors the helped Pantera build conviction for their largest investment to date, including the strategic partnership between Telegram and TON, how TON is uniquely positioned to onboard the first billion users to crypto, the importance of a thriving developer ecosystem, the impressive traction that mini games have been seeing on TON, and the growth of stable coins on the network. We also speak about Pantera’s bull case for TON, the risks and unanalyzables related to the investment, and how Pantera is supporting TON's growth post-investment. Tune in for a great episode on the fundamentals of both Pantera and TON.Investing in TON Network: panteracapital.com/blog-investing-in-ton-networkTON, Our Largest Investment Ever: panteracapital.com/blockchain-letter/ton-our-largest-investment-everPantera: panteracapital.comPantera on X: https://x.com/PanteraCapitalCosmo on X: https://x.com/cosmo_jiangTimestamps:00:00 Introduction01:37 Meet Cosmo Jiang04:38 Overview of Pantera08:29 How TON Hit Pantera’s Radar11:11 Telegram's Strategic Partnership with TON15:38 Pantera's Due Diligence Process21:15 Building Conviction for TON Investment24:58 Telegram vs. Other Community Platforms28:12 Gaming on TON34:46 Notcoin & Hamster Kombat: The Popularity of Idle Games36:06 Payments and Stablecoins on TON40:40 Value Accrual and Investment Potential of TON42:06 Risks and ‘Unanalyzables’47:53 Supporting TON’s Growth51:11 Conclusion and Future OutlookMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#TON #Pantera #TokenTerminal
Macro Trends, ETFs, Smart Contract Platforms, and Crypto Fundamentals: A Conversation with Grayscale Token Terminal 2024-06-27 | In this episode of the Fundamentals Podcast, we’re joined by Zach Pandl, the Head of Research at Grayscale. Zach talks about his career transition from Wall Street to the crypto industry, the compelling reasons behind his move, and his role at Grayscale.Zach outlines the potential of digital assets, driven by large addressable markets, network technologies, and the Bitcoin macro trade. Additionally, Zach shares his insights on the macro factors impacting the crypto market today and the importance of federal reserve policy on Bitcoin’s price.We walk through Grayscale's product suite, including their flagship Bitcoin and Ethereum related products, and the launch of mini trust products and new investments in protocols like Stacks and NEAR. He explains Grayscale's approach to evaluating crypto projects through fundamentals-focused metrics such as daily active users, fees, and transactions. Lastly, Zach highlights the role of research in both investor education and product development at Grayscale, and shares his optimistic outlook on the future impacts of digital assets and Grayscale's ongoing mission to provide innovative crypto investment products.Tune in for a great episode on the fundamentals of crypto.Make sure to leave a comment if you have any questions 🙌Timestamps:00:00 Introduction01:31 Meet Zach Pandl: From Wall Street to Crypto03:20 Why Crypto is the Future of Finance08:36 Grayscale: A Pioneer in Crypto Asset Management10:25 Grayscale’s Four-Stage Product Life Cycle12:24 Macro Trends Driving Crypto17:35 How Important is the Presidential Election for Crypto?20:37 Overview of Grayscale’s Product Portfolio21:45 Flagship Products (GBTC & ETHE) and Upcoming Mini Trusts24:02 New Private Placements: Stacks and NEAR Trusts28:19 The Role of Research at Grayscale34:50 Grayscale Crypto Sectors38:07 External vs. Internal Research39:21 Onchain Data and Fundamental Analysis43:25 Looking Ahead📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Grayscale #Crypto #TokenTerminal
Nibiru Chain – Tech Innovations, Developer Tools, and Ecosystem Growth | Fundamentals ep.90 Token Terminal 2024-06-24 | In this episode, we're joined by Unique Divine – Co-Founder and CEO of Nibiru Chain – to dive into the general-purpose L1 blockchain featuring superior throughput potentially exceeding 40k TPS. The discussion covers its core value propositions, including the use of WASM smart contracts, the upcoming high-performance EVM execution layer, and optimizations like scalable data indexing and advanced developer tooling. We explore which applications are best suited for Nibiru, current performance metrics, economic sustainability, and the future roadmap of Nibiru, including its growth and the challenges it faces.Timestamps:00:00 Introduction to Nibiru Chain00:27 Core Value Proposition and Optimizations02:55 Developer Tools and Ecosystem03:53 Current Applications and Use Cases06:43 Performance Metrics and Blockchain Landscape10:30 Team Composition and Network Stakeholders14:35 Economic Model and Sustainability24:07 Onchain Data and Business Development29:43 Future Roadmap and ConclusionMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Nibiru #Blockchain #TokenTerminal
Franklin Templetons Approach to Digital Assets | Interview with Christopher Jensen Token Terminal 2024-06-11 | In this episode, we’re joined by Christopher Jensen, Director of Digital Asset Research at Franklin Templeton.We speak about Franklin Templeton's fundamentals-driven approach to digital asset investments research, and internal analysis to understand protocols, tokens, and value accrual. Our conversation also touches on client demand, institutional interest, and the creation of a comprehensive product suite to cater to varying levels of demand and knowledge. Christopher highlights the importance of onchain data, the use of blockchain technology for operational efficiencies, and the ongoing exploration of new crypto use cases like decentralized physical infrastructure networks (DePIN). Additionally, we speak about Franklin Templeton's pioneering efforts in launching the first tokenized money market fund, and their plans for the future.Tune in to learn about how Franklin Templeton is navigating and contributing to the onchain future.Franklin Templeton: franklintempleton.comX: twitter.com/FTI_DAChristopher Jensen: franklintempleton.com/profiles/christopher-jensenMake sure to leave a comment if you have any questions 🙌Timestamps:00:00 Introduction01:00 Sudden Shift in Crypto Policy: ETH ETF03:36 Franklin Templeton's Digital Assets Focus06:17 Institutional Interest and Client Demand09:13 Bitcoin ETF and Market Impact10:50 Barriers to Adoption and Education13:43 Protocol Economy and Value Accrual19:08 Metrics and Methods for Evaluating Digital Assets24:38 Sustainability and Competitive Moats in Web327:55 Utilizing Onchain Data for Research29:57 Franklin Templeton's Node Operations33:11 Challenges and Insights from Running Nodes38:16 Franklin OnChain U.S. Government Money Fund46:13 Bringing Capital Markets Onchain49:10 Partnerships and Strategic Integrations51:49 Promising Crypto Use Cases and Killer Apps (Case DePin)-------📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#FranklinTempleton #TokenTerminal #Crypto #Onchain
The Power of Onchain: Updating the System with Jesse Pollak, Creator of Base Token Terminal 2024-05-30 | In this episode, we’re joined by Jesse Pollak, the Creator of Base. Our conversation dives into the details behind moving Coinbase onchain, building Base as a ‘company within a company’, and combining the strengths of Coinbase and Optimism to create a global onchain economy. We speak about Base’s lean and engineering-driven team structure, the purpose of economic alliances between chains, pioneering governance strategies, standardising metrics in the industry, and the paradigm shift that building onchain enables for decision-making, product development, and more efficient business operations. Tune in for a great discussion about the fundamentals of Base and building onchain.Let's get Jesse bald! letsgetjessebald.comBase's dashboard on Token Terminal: tokenterminal.com/terminal/projects/baseOnchain Summer: https://base.mirror.xyz/HoH9cZVi8CMdvxVUNjvOzceUPVQcVZvvkf8ZbCOVOcoBaseCamp 001: https://base.mirror.xyz/GL6dd2CfZuG3dVd_jZAZJLjYP8h7NRk0falVV6O7RqQBase: base.orgJesse on X: https://x.com/jessepollakBase on X: https://x.com/baseMake sure to leave a comment if you have any questions 🙌Timestamps:00:00 Introduction00:52 Let’s get Jesse bald!03:07 Why build Base as a company within a company?05:44 Is Base to Coinbase what AWS is to Amazon?06:20 The future of compute: Onchain and serverless10:40 From legacy systems to onchain: a practical approach13:40 What makes DAOs powerful?16:22 Team composition and hiring at Base24:49 Standardizing metrics in the industry25:44 Introduction to the Superchain ecosystem27:14 The importance of interoperability and asset fungibility31:16 The economic arrangement between Base and Optimism33:17 Base as the hub of the onchain economy37:24 Coinbase x Optimism: An iconic duo38:04 Governance as a differentiator with L2s45:18 Leveraging onchain data for growth and decision making📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Base #Coinbase #Onchain #TokenTerminal #Crypto
Analyzing the Evolving Blockchain Landscape With VanEck – Interview with Matthew Sigel Token Terminal 2024-05-20 | Our recent conversation with Matthew Sigel, Head of Digital Assets Research at VanEck, covers the state of Bitcoin ETFs, the growth of the broader Bitcoin ecosystem, understanding value accrual, differences in VanEck’s valuation models for Ethereum and Solana, the pros and cons of onchain data, key line items in blockchain P&Ls, and more.VanEck is a global investment management firm with over $100 billion in assets under management as of March this year. VanEck offers a range of investment vehicles, including ETFs, mutual funds, institutional funds, separately managed accounts, and model delivery portfolios. Recognizing the transformative potential of digital assets early on, they have solidified their position as a thought leader in the space.Make sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Introduction03:47 Bitcoin ETFs and the current state of institutional interest08:59 Growth of the Bitcoin ecosystem12:56 Bitcoin L2s16:05 How does increased economic activity on Bitcoin affect portfolio construction and value accrual22:39 Economic value creation: Ethereum vs. Solana26:58 Does Solana need L2s, or can a monolith scale?31:00 Ethereum L2s: is it a winner takes all market?34:22 Value accrual on Ethereum37:27 Onchain data and accounting47:59 Breaking down blockchain PnLsCrypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#VanEck #Bitcoin #TokenTerminal
Bitwise – The worlds largest crypto index fund manager | Fundamentals ep. 86 Token Terminal 2024-04-04 | In this episode of the Fundamentals podcast, we’re joined by Ryan Rasmussen, Senior Crypto Research Analyst at Bitwise – The world's largest crypto index fund manager. Make sure to leave a comment if you have any questions 🙌12 Real-World Stories of How Millions of People Are Using Crypto Services Today: bitwiseinvestments.com/crypto-market-insights/crypto-use-cases-12-real-world-stories-2024The Year Ahead: 10 Crypto Predictions for 2024: bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2024Bitwise: bitwiseinvestments.comBitwise on X: twitter.com/BitwiseInvestRyan on X: twitter.com/RasterlyRock-------------------------------------------📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Introduction00:42 What is Bitwise? 01:40 Overview of Bitwise’s product suite03:12 Which assets does Bitwise consider “investment grade”? 07:35 The pros and cons of a conservative approach to the market 09:00 The current state of institutional interest towards crypto12:34 How financial advisors operate, and how it affects crypto allocations14:01 Explaining the differences between BTC and ETH as investment assets19:10 Thoughts on the potential Ethereum ETF22:10 How is Bitwise educating investors and advisors in practice? 27:21 The role of onchain data in education30:40 Current crypto use cases that Ryan finds most interesting38:25 10 crypto predictions for 2024...Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Bitwise #Crypto #Bitcoin #TokenTerminal
Bloomberg x Token Terminal: Onchain Data and Its Role in Investment Analysis | Webinar Token Terminal 2024-03-27 | Tune in as Bloomberg and onchain data provider Token Terminal explore the relatively uncharted territory of onchain data. The team will talk about the sources and interpretation of this emerging form of financial data, it's unique characteristics, and how it fits into investor analysis.Participants can expect to depart the 30-minute webinar with a better understanding of how on-chain data can be used to support and enhance their investment analysis.Speakers:Alex Wenham, Digital Assets Product & Strategy Lead, BloombergWith over 15 years of Financial Markets experience, Alex is the Global Head of Cryptocurrency Product and Digital Asset Lead at Bloomberg. Prior to this appointment Alex has been a Leader within our Sales organisation managing territories within Emerging Markets and the Nordics. Alex started his career at Bloomberg as a FX and FX Derivatives specialist working with our Sellside and Buyside clients across the UK, Middle East and Emerging Markets. Prior to joining Bloomberg, Alex worked as a FX Derivatives structurer helping corporate clients hedge FX Risk. Alex holds a double degree in Science and Commerce from Sydney University and is a FRM charter holder.Oskari Tempakka, Head of Growth, Token TerminalAs Head of Growth at Token Terminal, Oskari oversees driving the platform's user acquisition, engagement, and retention strategies, while educating investors about crypto as an asset class. He is committed to bringing clarity and structure to the fast-paced crypto market, making it easier for investors to filter out the noise. With a background that spans data analytics, finance, and venture capital, Oskari brings a perspective well suited to deciphering the dynamics of the cryptoasset economy. Before joining Token Terminal, he worked with data analytics at Google, in Wealth Management at Nordea Private Banking, and led Wave Ventures, an early-stage venture capital fund.View the webinar on Bloomberg: bloomberg.com/professional/insights/webinar/from-raw-to-refined-the-evolution-of-on-chain-data-and-its-role-in-investor-analysisMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Intro00:25 How Token Terminal determines what crypto assets to cover05:20 Breaking down crypto as an asset class: Market sectors09:58 Creating financial and alternative metrics for different crypto assets15:40 Not all DAOs are created equal: Understanding value capture18:03 Solana vs. Ethereum: Detailed comparative analysis between projects 21:39 Are Crypto and TradFi metrics a like-for-like23:55 How is onchain data being used by investors today? Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#Blockchain #Crypto #Bloomberg #TokenTerminal
LayerZero – Diving into V2 | Fundamentals ep.85 Token Terminal 2024-02-22 | In this episode of the Fundamentals podcast, we’re joined by Bryan Pellegrino, the Co-Founder and CEO of LayerZero Labs – the team behind the LayerZero – an interoperability protocol that connects blockchains (50+ and counting).In this episode with Bryan, we discuss what LayerZero's core value proposition is, and why interoperability is important for the blockchain industry. We speak about the tech stack, current traction, assess market potential, and speak about value accrual.Finally, we wrap up with current challenges and growth drivers, and what the most exciting upcoming developments for LayerZero are.LayerZero scan: layerzeroscan.comLayerZero: https://layerzero.network/X (Twitter): twitter.com/LayerZero_LabsBryan on X (Twitter): twitter.com/PrimordialAAMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Introduction00:18 Pudgy Penguins02:30 What is an omnichain interoperability protocol?04:50 Why is interoperability so important for web3?08:55 Technically, what is LayerZero?15:08 What makes achieving seamless interoperability hard?22:15 How can developers integrate with LayerZero?23:16 How are projects using LayerZero today?26:40 Which ecosystems are seeing the most inter-chain activity?28:03 The team at LayerZero Labs29:43 LayerZero's economic model31:28 Value accrual32:31 What are the best metrics to measure and value an interoperability protocol?34:25 What is the the TAM for LayerZero?36:34 Is interoperability a winner-takes-all market?41:14 The LayerZero token: Current status43:28 Current growth drivers and challenges47:15 What's next for LayerZero?Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.#LayerZero #Interoperability #web3 #TokenTerminal #crypto
Tezos – Tech, traction, challenges, vision, XTZ, and more with Co-Founder Arthur Breitman | ep.85 Token Terminal 2024-02-08 | In today’s episode, we’re joined by Arthur Breitman, the Co-Founder of Tezos, a layer 1 blockchain. We focus on what sets Tezos apart from other blockchains on the market, and how they stack up in terms of performance, network activity, economics, and more. We speak about the network's current use cases, and vision for the future.Arthur walks us through the current challenges faced, current focus areas, the state of the blockchain market today, and his vision for Tezos' future. Tezos: tezos.comArthur on X: twitter.com/ArthurB Tezos on X: twitter.com/tezos Explore Tezos data:tzkt.iotzstats.comMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.gg/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction00:30 The core problem that Tezos set out to solve01:48 What are Tezos’s unique advantages that make it a compelling choice for developers?03:25 The technical innovations that enable Tezos to reach 1 million TPS05:19 Current technical bottlenecks – building a Data Availability Layer (DAL) for Tezos07:00 Difference between Celestia DA and Tezos DAL10:03 How the DAL affects user experience11:37 Tezos' core strengths in the blockchain market13:14 The main challenges facing Tezos today15:30 What could be the catalyst for increased traction on Tezos?19:00 The top dApps on Tezos today21:50 Tradeoffs in blockchain design24:07 What tools are available to analyze activity on Tezos?25:14 What metrics and KPIs are guiding business development decisions at Tezos?27:21 Tezos' economic model30:25 Ensuring long-term sustainability33:30 Quantifying the effectiveness of a store of value asset36:30 The daily active users (DAU) metric39:30 Growth plan: Focus areas going forward42:02 Technological superiority: Why is it necessary?44:22 What does success for Tezos look like?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Tezos #XTZ #Blockchain #Fundamentals #Crypto #tokenterminal
zkSync & the layer 2 blockchains market sector – a data-driven analysis | Token Terminal Token Terminal 2024-01-24 | In this episode of the Fundamentals podcast, I’m joined by Michael Nadeau, a crypto data and research analyst, and founder of the DeFi report. In this episode with Michael, we explore his recent report on zkSync, and dive into the breadth of data available on Token Terminal to assess its position within the market. We discuss the impressive growth and user retention rates of zkSync compared to other Layer 2 competitors. We cover fees, revenue, user activity, developers, trending contracts, user retention, and much more. As we dive into the data, we touch on trends such as high stablecoin activity, developer activity, the potential impact of impending token airdrops, alternative data availability solutions, and much more!The fundamentals of zkSync: tokenterminal.com/resources/crypto-research/zksync-eraInterview with Alex Gluchowski, Founder & CEO of Matter Labs (zkSync): youtu.be/CROqpQFXL_o?si=ftaIgt_vJluDzQsMMichael's socials:Linkedin: linkedin.com/in/michael-austin-nadeauTwitter: twitter.com/JustDeauItThe DeFi report: thedefireport.io/#newsletterToken Terminal: tokenterminal.com/terminalMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:17 Key findings from the zkSync research report06:05 User activity across different blockchains09:17 Deep dive into the trending contracts on zkSync14:38 Comparing DEX activity across L2s17:46 Cohort analysis: User retention across L2s20:53 The effect of airdrops on user retention and network growth24:44 Bootstrapping growth with native yield: Yield-bearing L2s28:47 How Celestia DA affects value accrual across the modular blockchain stack31:47 zkSync's financials benchmarked against the market…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#TokenTerminal #Blockchain #zkSync #L2 #Fundamentals
Manta Network – Modular innovation, Celestia DA, ZK apps, New Paradigm, & more | Fundamentals ep.84 Token Terminal 2024-01-08 | In today’s episode, we’re joined by Kenny Li, the Co-Founder of Manta Network, the modular ecosystem for ZK applications. Manta offers two networks, Manta Pacific, the first EVM-equivalent ZK-application platform that is scalable and secure through Celestia DA and Polygon zkEVM - and Manta Atlantic which is a ZK L1 chain on Polkadot.In this episode, we focus on Manta Pacific and dive into its modular design. Kenny walks us through their use of the OP stack, Celestia, and Polygon’s zkEVM. We speak about the rationale behind this modular design and envision Manta’s role in a crypto-native future. We speak about the recently launched yield-bearing L2, New Paradigm, and learn what yield-bearing L2s are all about. We also touch on the role of the MANTA token within the ecosystem, and discuss Manta’s latest funding round.Tune in as we dive deep into the world of modular blockchains.Manta Network: https://manta.network/Kenny on X: twitter.com/superanonymouskManta on X: twitter.com/mantanetworkNew Paradigm: https://newparadigm.manta.network/aboutManta Pacific on Token Terminal: tokenterminal.com/terminal/projects/mantaMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:57 Overview of Manta Network02:23 The core problems that Manta Pacific aims to solve05:03 Overview of Manta Pacific’s modular tech stack08:00 The benefits of using Celestia for modular DA10:52 How does Manta Pacific address the specific needs of ZK applications?14:26 Examples of ZK use cases that benefit end users17:46 The modular vs. monolithic debate – why is modularity better?24:13 Introduction to New Paradigm: a yield-bearing L227:54 “It’s time to ditch other L2s”29:38 Crypto as the enabler of a borderless global economy34:16 Manta Pacific’s economic model37:11 Value accrual38:50 The role of the MANTA token40:00 Reflecting on Manta’s recent funding round44:29 The team behind Manta Network45:29 The metrics and KPIs Manta uses to measure success47:10 Current challenges49:23 Performance review of Manta Pacific’s first three months on mainnet52:09 Looking forward: upcoming features and milestones…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#MantaNetwork #MantaPacific #Blockchain #Fundamentals #DeFi #Crypto #tokenterminal
MarketVector™ – Digital asset indexing & the Fundamental Index Suite | Fundamentals ep.83 Token Terminal 2024-01-04 | In this episode, we’re joined by Martin Leinweber, Digital Asset Strategist at MarketVector, for an insightful discussion on digital asset indexing. MarketVector and Token Terminal have been working together to provide institutions, advisors, and investors with access to investable products that track the breadth of data available in web3 and on blockchains.Earlier this month, we announced the launch of the MarketVector Token Terminal Fundamental Index Suite, a novel approach to creating multi-token baskets, and in this episode we dive into all of the details around this.MarketVector™ Token Terminal Fundamental Index: marketvector.com/indexes/digital-assets/marketvector-token-terminal-fundamentalMarketVector™ Token Terminal Fundamental Cap-Weighted Strategy Index: marketvector.com/indexes/digital-assets/marketvector-token-terminal-fundamental-cap-weighted-strategyMartin breaks down the process of developing index products, what the current state of the market is, and where the need for more multi-token baskets stems from. We speak about the selection and weighting approach for the Fundamentals index suite, covering their structure, composition, backtesting results, the initial market response, and more.Martin also walks us through the impact of real-time onchain on indexing, and sheds some light on the regional differences in the perception of crypto today. Tune in for an insightful discussion about the fundamentals of digital asset indexing.MarketVector: marketvector.comMartin on X: twitter.com/mleinweber2MarkertVector on X: twitter.com/MarketVectorMastering Crypto Assets: amazon.com/Mastering-Crypto-Assets-Investing-Ethereum/dp/1394205392Make sure to leave a comment if you have any questions 🙌-----------------------------------------📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:44 Overview of MarketVector03:39 MarketVector’s journey in the digital asset space06:28 The process of developing an index product10:35 MarketVector’s current strategy for digital asset indexing12:11 The current customer base for digital asset indexes15:06 Why a fundamentals-based index is important for the space17:47 Overview of The MarketVector Token Terminal Index Suite21:24 Weighting of the Fundamentals Indexes: fundamentals & market cap25:21 Key learnings from backtests27:59 Customizing the indexes with Token Terminal’s onchain data30:22 The market's response to the Fundamental index suite31:47 Regional differences in the perception of crypto35:30 The range of opportunities real-time onchain data offers for indexing38:35 MarketVectors expectations for the Fundamentals Index Suite40:07 The challenges that come with real-time onchain data43:03 Primer to Martin’s new book: “Mastering Crypto Assets”46:49 Where do we see the digital asset market heading in the next decade…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#MarketVector #Index #Fundamentals #Crypto #TokenTerminal
Uniswap Foundation – Innovation, developers, V4, decentralization, LPs, & more | Fundamentals ep.82 Token Terminal 2023-12-20 | In this episode, we're joined by Devin Walsh, Co-Founder of the Uniswap Foundation. We dive into the Uniswap ecosystem, discussing the Foundation’s mission, its short- and long-term goals, and how the Uniswap Foundation is allocating capital via grants.We speak about the significance of Uniswap V4, and Hooks, the protocol pushes forward in becoming the liquidity layer of the Internet. We address the current state of Uniswap’s decentralization, and explore the composition and recent developments related to Uniswap’s key stakeholders, so developers, LPs, traders, tokenholders, and delegates. Finally, we conclude with Devin's insights on Uniswap's responses to regulatory challenges and its vision for the future. Tune in for a deep dive into the fundamentals of Uniswap.Make sure to leave a comment if you have any questions 🙌Devin on X: twitter.com/devinawalshUniswap Foundation: uniswapfoundation.orgUniswap Foundation on X: twitter.com/UniswapFND-----------------------------------------📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:34 UF's mission & purpose04:01 The UF’s short- and long-term goals08:42 The UF’s expense structure & where capital is being allocated11:46 Approach to innovation: partnering vs. building in-house vs. funding 15:50 Uniswap’s position within the exchange market20:49 What does a “successful Uniswap” look like?27:47 Addressing critique that alleges "Uniswap has become more centralized”35:48 Who are the LPs on Uniswap?38:35 How is Uniswap working to improve the user experience for LPs?42:20 What portion of LPs are profitable on Uniswap today?45:22 Uniswap’s core focus area for the next 6 months47:44 UNI tokenholders50:31 Biggest risks facing Uniswap todayCrypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Uniswap #UniswapFoundation #DEX #Fundamentals #Crypto #TokenTerminal
How Sui achieves +270k TPS: tech, traction, KPIs, building for mass adoption & more | ep.81 Token Terminal 2023-12-14 | In this episode, were joined by Adeniyi, the Co-Founder and CPO of Mysten Labs – the team behind the Sui blockchain. We dive into the intricacies of the Sui blockchain and how it is designed to achieve unprecedented levels of scalability and user experience. We explore Sui's unique technical architecture, their focus on user-centered product design, and their vision for the true mass adoption of blockchain technology. Adeniyi also highlights some of Sui's key performance indicators, rates their performance since launching on mainnet, details come of Sui’s strategic partnerships, and walks through the opportunities he sees in the gaming, commerce, and finance market sectors.We also speak about EVM compatibility, the differences between modular and monolithic blockchains, and what the rationale has been behind Sui’s approach on these fronts.Tune is for a great discussion about the fundamentals of Sui, and the broader blockchain market sector. Make sure to leave a comment if you have any questions 🙌Adeniyi on X: twitter.com/EmanAbioSui: sui.ioSui on X: twitter.com/SuiNetworkMysten Labs: mystenlabs.comMysten Labs on X: twitter.com/Mysten_Labs-----------------------------------------📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:00 The core problem that Sui solves05:20 The technical innovations that Sui introduced to enable unlimited scalability09:27 The state of Sui’s current infrastructure, reaching +270k TPS11:02 Simple transactions vs. special transactions13:47 What is the tradeoff Sui makes to achieve this level of scalability?15:08 Vision for Sui’s future within the blockchain market sector19:26 Modular vs. monolithic blockchains – why is Sui a monolith?21:18 How important is EVM compatibility, really?23:32 What does Sui's current app & developer landscape look like? 26:04 The core contributors behind the Sui blockchain27:47 Sui’s economic model31:33 Ensuring economic sustainability34:02 Thoughts on value accrual36:01 What is the venture case for Sui? How does the platform capture value?38:12 What KPIs and metrics are best suited to assess Sui’s performance?39:40 Performance review of Sui’s first six months on mainnet41:51 Achievements that deserve more attention from the crypto community and media44:06 The role of strategic partnerships in boosting growth46:27 What are the main challenges for Sui today? …Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Sui #Blockchain #Fundamentals #Crypto #TokenTerminal
Demystifying web3 gaming with Shima Capital – trends, challenges, opportunities | Fundamentals ep.80 Token Terminal 2023-12-07 | In this episode, we’re joined by Alex Wettermann, the Head of Gaming at Shima Capital – an early stage VC firm investing in disruptive web3 companies. Alex gives us an overview of the current state of the web3 gaming market, and walk us through the key trends, challenges and potential opportunities within the space. Alex highlights the importance of looking beyond trends like 'play to earn' and emphasizes the need to create net new experiences and novel monetization methods. He also discusses the role of token design, in-game economics, user acquisition and retention, building strong gaming communities, and the unlocks needed for web3 gaming to go mainstream.Finally, we cover how Alex analyses potential investment opportunities, and how Shima actively works with their portfolio companies.Tune in for a great episode about the fundamentals of web3 gaming.Shima Capital: https://shima.capital/Alex on X: twitter.com/awettermannShima on X (Twitter): twitter.com/shimacapitalMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:28 Overview of Shima Capital03:22 What problem does Shima solve for LPs?04:13 What does Alex’s day-to-day look like as the head of gaming at Shima?07:14 The barrier to entry for researching crypto is high09:32 The core value proposition of web3 in gaming13:24 The current state of onchain gaming17:15 Would a Supercell-style game development model work in web3?20:13 Does the financialization of in-game assets make it harder for game studios to iterate?24:03 Net new experiences and monetization models enabled by web327:22 Balancing monetization and gameplay in web330:58 What trends or vertical in web3 gaming currently stand out?36:56 Investing throughout the web3 gaming tech stack38:07 Value accrual40:56 The thesis behind investing in Pudgy Penguins42:39 The biggest hurdles facing web3 gaming today45:35 What are the main KPIs that Shima focuses on?49:38 What qualitative data could be helpful at scale?51:18 How does Shima work with their portfolio companies?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#ShimaCapital #Fundamentals #Gaming #Crypto #tokenterminal
Investing in DeFi with Re7 Capital: yield, risk management, data, valuation | Fundamentals ep.79 Token Terminal 2023-12-01 | In today's episode, we’re joined by Evgeny Gokhberg – the founder of Re7 Capital – a fund that specializes in DeFi R&D and liquid crypto investment strategies. We delve into the vast arena of DeFi, exploring everything from generating yield to managing risks. We discuss the intrinsic value of crypto, how investors should approach valuing multidimensional cryptoassets, and what Re7’s edge is in the space.Tune in as we dive deep into exciting trends, case examples from Re7s portfolio, the best KPIs to look at when assessing an investment opportunity, the challenges we face as an industry, the critical need for onchain data analytics, and Re7's framework for managing risks within DeFi. Re7 Capital: https://www.re7.capital/Evgeny on X: twitter.com/evgeny_re7Re7 on X (Twitter): twitter.com/Re7CapitalMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:22 Overview of Re7 Capital03:33 Building a cycle agnostic business06:07 What is Re7’s edge?07:59 Current state of the market, and what makes web3 interesting11:44 What is intrinsic value in crypto?15:21 Valuing a multidimensional asset like ETH20:12 The significance of monetary premium for an asset like ETH24:03 Betting on ETHs growth rather than moneyness25:19 Investment approach to DeFi applications30:33 KPIs for identifying potential success in early stage projects33:19 The power of granular transaction-level data34:26 Achieving similar upside to traditional VC in a de-risked fashion37:30 The pros and cons of liquid venture39:30 Case example from Re7s portfolio: Gelato43:28 The Re7 Risk Index49:08 What trends and market sectors currently stand out in crypto?51:12 The biggest challenges and opportunities for Re7 today…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Re7Capital #Fundamentals #DeFi #Crypto #TokenTerminal
RockawayX – Value accrual, modular vs. monolithic blockchains, industry trends & pain points | ep.78 Token Terminal 2023-11-21 | In this episode, we’re joined by Viktor Fischer, the Founder and CEOof RockawayX – a product VC building and investing in the Web3 space. Over the next hour, we dive into the details around the current state of the crypto market, RockawayX's unique position as builders, and users, in addition to being investors. We speak about the differences between modular and monolithic blockchains form an investors point of view, their pros and cons, what RockawayX’s framework is for assessing value accrual throughout the modular tech-stack, the best KPIs for performance assessment, and what the future of the blockchain market could look like. Finally, Viktor walks us through the current pain points within our industry, where more capital should be allocated, what founders should be mindful of when growing their businesses, and the current challenges related to educating the traditional world about crypto.RockawayX: rockawayx.comViktor on X (Twitter): twitter.com/viktorfischerRockawayX on X (Twitter): twitter.com/Rockaway_XMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:47 Background and overview of RockawayX04:02 RockawayX’s builder-first approach?06:14 The unique position of RockawayX in the market08:20 Examples of RockawayX's investment approach14:03 Differences between modular and monolithic blockchain architectures (investors POV)18:04 Value capture in monolithic chains22:15 RockawayX’s investment thesis for modular blockchains26:29 What makes crypto exciting & why we need more user-focused investments31:04 Value accrual in the modular blockchain stack36:31 What are the best KPIs to measure/value blockchains?39:37 The difference between great technologies vs. great investments42:43 What trend and market sectors currently stand out in crypto?46:15 Right now, DeFi is dead – we need more use cases for yield generation.49:28 Biggest challenges for a fund in crypto today49:50 The need for better education and communication in crypto…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#RockawayX #Blockchain #Fundamentals #Crypto #TokenTerminal
Fantom – value proposition, new tech stack (Sonic), economics, overcoming challenges & more | ep.77 Token Terminal 2023-11-14 | In this episode of the Fundamentals podcast, Michael Kong, CEO/CIO of the Fantom Foundation, discusses the unique value proposition of Fantom within the blockchain landscape, its core technology, and approach to achieving scalability. We explore the structure of the blockchain market sector, how Michael sees it developing, and where Fantom fits into this vision in the long run. We delve into the architectural development of Fantom, walk through Fantom's economic model and learn how it drives network sustainability. Lastly, we speak about current business development focus areas, and challenges to tackle. Michael highlights Fantom’s new technology, Sonic, and describes its potential impact for unlocking growth.Tune in for a great discussion about the Fundamentals of Fantom. Fantom: https://fantom.foundation/X (Twitter): twitter.com/FantomFDNMichael on X (Twitter): twitter.com/michaelfkongMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:21 Fantom’s core value proposition03:54 Why L1 and L2 blockchains are the same thing06:45 What sets Fantom apart from other blockchains tackling similar problems?09:30 What dApps are best suited to be built on Fantom?13:01 Vision for Fantom’s future within the blockchain market sector16:57 The importance of EVM compatibility20:54 Core contributors to the development of the Fantom blockchain24:21 Fantom’s economic model28:08 Ensuring economic sustainability32:08 The venture case for Fantom35:28 Best metrics/KPIs to measure and value the performance of a blockchain38:09 Monetary premium: is it relevant in the context of Fantom?40:55 Challenges and bottlenecks in Fantom’s growth44:12 Most exciting developments within the Fantom ecosystem (Sonic)…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fantom #Sonic #Blockchain #Crypto #tokenterminal
The Ethereum Investment Framework: History, tech, economics, ETH price targets, and more! Token Terminal 2023-11-07 | On this episode of the Fundamentals podcast, we welcome back Michael Nadeau, who runs the DeFi Report, to deepen our understanding of valuing blockchain networks. Michael has been working on deep-diving into this topic for several years and has recently published the 'Ethereum Investment Framework'. He discusses why he was inspired to create the framework, provides a high-level view of its contents, major components, and explains his approach to valuing Ethereum. In addition, this episode explores the various challenges and key learning points encountered while creating the framework, with multiple analogies and perspectives for understanding this new asset class. The conversation wraps up with Michael sharing his future plans for creating similar frameworks for other crypto assets.Read the Ethereum Investment Framework on Token Terminal: tokenterminal.com/resources/crypto-research/ethereum-investment-frameworkDownload the Ethereum Investment Framework as a pdf: thedefireport.gumroad.com/l/ethereuminvestmentframeworkSubscribe to the DeFi Report: thedefireport.substack.comMichael:Linkedin: linkedin.com/in/michael-austin-nadeauX (Twitter): twitter.com/JustDeauItThe DeFi report: thedefireport.io/#newsletterEthereum’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/ethereumMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:02 Intro to the Ethereum Investment Framework02:56 The inspiration behind the Ethereum Investment Framework05:09 The main components of the investment framework07:47 The evolution of the internet and Ethereum's place in it11:30 How the Ethereum Investment Framework compares to other models in the industry?13:45 The role of data in the investment framework16:24 The influence of economic and financial theories on the framework19:38 How to best utilize the Ethereum Investment Framework22:01 Approaches to valuing Ethereum28:25 Biggest learnings from the process of creating this framework34:21 Future plans for other cryptoasset frameworks38:36 The future of Ethereum and the investment landscape42:00 Conclusion and final thoughts…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Ethereum #ETH #TokenTerminal #DeFiReport #crypto
The state of zkSync: scaling, security, UX, traction, challenges, financials | Fundamentals ep.75 Token Terminal 2023-11-01 | In this episode of the Fundamentals podcast, we’re joined by Alex, the Co-Founder and CEO of Matter Labs – the engineering team behind zkSync – a Layer-2 blockchain protocol that scales Ethereum with zero knowledge technology.In this episode with Alex, we discuss what zkSync’s core value proposition is, and why zero-knowledge proofs are the most viable technology to enable the mainstream adoption of public blockchains. We speak about Hyperchains, and what the zkSync ecosystem will evolve into on a long-term horizon. Alex walks us through the current painpoints with crypto’s UX, and how zkSync is tackling these problems.We dive into zkSync Era’s economic model, the venture case for a blockchain protocol, and walk through the best metrics to measure the performance of a blockchain.Finally, we wrap up with the current challenges related to zkSync’s growth, and what the most exciting things happening within the zkSync ecosystem are.Tune in for a great discussion about zkSync, and scaling Ethereum’s technology and values.zkSync: zksync.ioMatter Labs: matter-labs.ioX (Twitter): twitter.com/zksyncAlex: twitter.com/gluk64_ZkSyncMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:25 zkSync's core value proposition02:18 Why are ZK proofs the most viable technology to enable the mainstream adoption of public blockchains05:42 What sets zkSync apart from other blockchains tackling similar problems?14:12 ZK Stack: a modular framework for building sovereign ZK-powered Hyperchains18:39 How is zkSync solving crypto's UX painpoints?23:04 Has native account abstraction been a growth driver?25:00 What is the importance of EVM compatibility?27:19 What is zkSync's position and role in a crypto native future?29:14 Core contributors to the development of zkSync30:17 zkSync Era's economic model31:02 Value accrual within the zkSync ecosystem31:28 How does zkSync benefit economically from Hyperchains?32:33 What metrics and KPIs are best suited to measure/value a blockchain34:01 The venture case for zkSync & how it differs from a traditional software business36:49 Current growth challenges38:15 Most exciting developments within the zkSync ecosystem…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#zkSync #Ethereum #Blockchain #Crypto #tokenterminal
Stratos – Valuing L1s and L2s, monetary premium, fat protocols, sustainability, and more | ep.74 Token Terminal 2023-10-17 | In this episode, we’re joined by Rennick Palley, Founding Partner at Stratos – a fund that seeds the future of crypto. Stratos focuses on both Venture, where they invest in DeFi and web3 companies, and Infra, where they provide the hardware, stake, and expertise that helps blockchains grow. We discuss Stratos, their investment strategy, and how they approach the market. We then move on to speak about the execution layer landscape, and dive into valuing Layer 1 and Layer 2 blockchains – and what the main differences in valuation methodologies are between the two. We cover topics including monetary premium, staking ratio, real staking yield, positive economic balance, and intrinsic value. We draw parallels between tokens and more traditional assets, and speak about applying comparative valuation concepts to crypto assets. We speak about the current lack of value accrual mechanisms for L2 tokens, and what the future could look like on that front. Finally, we speak about the current state of the blockchain market, and what keeps Stratos optimistic about the future.Tune is for a great discussion about how Rennick and Stratos approach the market!Stratos:Site: https://www.stratos.xyz/X (Twitter): twitter.com/StratosXYZRennick: twitter.com/RennickPalleyMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:48 Overview of Stratos03:09 What problem does Stratos solve for LPs?05:12 The vast majority of cryptoasset value consists of L1 & L2 tokens – what are the implications for investors?10:56 “Monetary premium” and its significance in valuing L1 blockchains16:59 The function of revenue in a L1 network – economic balance19:36 Positive economic balance is not a strict requirement for monetary premium21:30 Country theory of L1s25:09 Blockspace purchasing power parity28:09 Real vs. speculative intrinsic value30:43 Why is achieving sustainability so challenging for L1s?35:09 Sovereignty of money comes with existing outside purely financial metrics36:41 Fat protocol thesis: what changes as we move towards more modular architectures?42:45 Where does value accrue when competition increases at the app layer?45:09 How will dApps creating application-specific rollups affect value accrual?47:47 How do the above valuation methodologies adapt from L1s to L2s?51:46 Envisioning the future of value accrual for L2 tokens53:36 Why it’s so easy for someone coming from tradfi to middle-curve crypto?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Stratos #Fundamentals #Blockchain #Crypto #tokenterminal
MultiversX – Mass adoption, security, sharding, EGLD, xDay, and more | Fundamentals ep.73 Token Terminal 2023-10-09 | In this episode we’re joined by Benjamin Mincu, the Founder and CEO of MultiversX – a Layer 1 blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, MultiversX introduces two key innovations: a novel adaptive state sharding mechanism, and a secure proof of stake algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. We discuss how MultiversX works, and what sets it apart from other blockchains on the market. We speak about the innovations behind achieving high transaction throughput, ensuring safety via an onchain 2FA mechanism, the effects of having tokens embedded into the protocol, and how the xPortal wallet and super app fit into the grande vision for MultiversX. We then break down MultiversX’s current app, developer, and user landscapes - and speak about the upcoming xDay conference and hackathon, and how they aim to bridge the gap between builders and decision makers.Read more about the xDay conference and hackathon here: xday.comFinally, we speak about MultiversX’s economic model, the EGLD token, what the best metrics are to track the adoption of a blockchain network, and what economic sustainability means. Tune in for a great discussion about MultiversX, and tackling the problems that are critical for mass adoption.MultiversX.Site: multiversx.comX (Twitter): twitter.com/MultiversXBeniamin: twitter.com/beniaminmincuMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:47 MultiversX's core value proposition04:48 The main optimizations that MultiversX has focused on06:55 Implementing state, network, and transaction sharding all at once10:24 What will blockchain do for the internet?14:44 Onchain two-factor authentication (2FA)18:28 The challenges with implementing 2FA in crypto21:12 xPortal – The portal to everything finance28:02 The benefits of having tokens embedded into the protocol29:45 The core contributors behind the development of MultiversX31:57 Current app and developer landscape36:10 Current userbase39:47 The xDay conference and xDay hackathon44:48 The renaissance of European ambition47:21 MultiversX's economic model50:45 Economic sustainability52:21 Best metrics to measure and value a blockchain54:41 Current challenges related to growth58:29 What's next for MultiversX? …Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.This episode is sponsored by MultiversX.#MultiversX #Fundamentals #EGLD #Blockchain #Crypto #tokenterminal
Maven 11 – Value capture, modular blockchains, due diligence, good tech vs. good business | ep.72 Token Terminal 2023-09-26 | In this episode of the Fundamentals podcast, we’re joined by Mathijs van Esch, who is an associate partner at Maven 11 – a crypto-native fund that partners with brave outliers challenging the status quo by redefining ownership.We discuss Maven 11, their investment strategy, and how they approach the market. The characteristics of crypto that make it an attractive asset class, and how Maven 11 analyses projects within the space. We speak about value capture and how it should be assessed, the most important KPIs in crypto, evaluating long-term sustainability, and distinguishing between projects that are great technologies versus those that are great investments.We break down Maven 11’s approach to investing in the blockchain market sector, and dive into the details of their thesis on modular blockchains.Finally, we walk through some case examples from Maven 11’s portfolio, speak about how Maven supports the projects they invest in, discuss managing risks, and the biggest challenges that funds face in the space today.Tune is for a great discussion about how Mathijs and Maven 11 approach the market.Maven 11: maven11.comMathijs on X (Twitter): twitter.com/MathijsvEschMaven 11 on X (Twitter): twitter.com/Maven11CapitalMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:29 Overview of Maven 1102:31 What problem does Maven 11 solve for LPs?03:38 What characteristics make crypto interesting as an asset class?04:39 Backing founders that are redefining ownership05:35 Investment discovery process08:08 What market sectors does Maven 11 focus on?09:20 Due diligence and decision-making11:27 What role does data play in the investment process?12:56 The utility of airdrops14:01 What KPIs stand out when analyzing projects?15:26 Red flags from an investors point of view17:49 Great technologies vs. great investments20:34 Assessing value capture22:39 Public goods from an investors point of view23:41 Modular blockchains: what and why?25:53 Maven 11’s modular blockchain thesis27:51 Will all chains evolve towards more modular designs?29:54 Developments that stand out in the modular blockchains space32:46 Case from Maven11’s portfolio: Maple Finance34:01 Case from Maven11’s portfolio: Astria35:38 What kind of support from investors is in highest demand for early stage crypto projects?38:31 Risk management 39:39 Challenges that funds face in crypto today41:06 Current macro sentiment …Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Maven11 #Fundamentals #Blockchain #Crypto #tokenterminal
Sei – the fastest Layer 1 blockchain, optimizing UX for the exchange of digital assets | ep.71 Token Terminal 2023-09-19 | In this episode, we’re joined by Jayendra Jog, the Co-founder of Sei – a general purpose, open-source Layer 1 blockchain offering infrastructure optimized for the exchange of digital assets.We discuss what Sei is and what the main optimizations are that they have focused on. We cover the current state of the blockchain market sector, and Sei’s position within it.We discuss striking a balance between efficiency and decentralisation, we walk through Sei’s current developer and user bases, breakdown the importance of EVM compatibility, and as a timely topic cover why Sei would be a suitable option for the specialized backend that MakerDAOs NewChain needs.We also break down Sei’s economic model, what the best metrics are to measure the success of an L1, and much more.Tune in for a great discussion about the fundamentals of Sei, and the broader blockchain market sector.Sei: sei.ioDocs: docs.sei.ioJay on X (Twitter): twitter.com/jayendra_jogSei on X (Twitter): twitter.com/SeiNetworkSei Labs on X (Twitter): twitter.com/Sei_LabsMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:25 Sei’s thesis & core value proposition05:53 The main optimizations that Sei is focused on12:17 Striking a balance between efficiency and decentralization15:01 How is Sei positioned within the blockchain market?18:45 Sei ecosystem: apps and projects20:43 Sei ecosystem: current userbase23:16 Monolithic vs. modular blockchains25:02 What is the importance of EVM-compatibility?27:51 MakerDAO’s NewChain: Why is Sei a better fit compared to EVM?31:21 Core contributors to the development of the Sei blockchain32:23 Economic model: How does Sei accrue value?36:07 Ensuring economic sustainability38:41 Current challenges related to growth40:55 What’s next for Sei?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Sei #Blockchain #Fundamentals #Blockchain #Crypto #TokenTerminal
Folius Ventures – Analyzing BLUR, MKR, and friend.tech with Jason Kam | Fundamentals ep.70 Token Terminal 2023-09-11 | In this episode of the Fundamentals podcast, we’re joined by Jason Kam, the founder of Folius Ventures – a fund that invests in, evangelizes, and builds web3 initiatives. We discuss Folius Ventures, their investment strategy, and how they approach the market. We speak about project discovery, due-diligence, decision-making, and the role that data plays in analyzing investment opportunities. We then move on to speak about Jason’s thoughts on Blur and the NFT market, MakerDAO and his thesis on an MKR trade, and also explore the new hot thing in web3 social, friend tech.Tune is for a great discussion about how Jason views and analyzes different investment opportunities and market sectors in crypto, and how he leverages his prior tradfi experience to gain an edge in the market.Jason’s Twitter: twitter.com/MapleLeafCapFolius Ventures: https://www.folius.ventures/Folius’ Twitter: twitter.com/FoliusVenturesMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:40 Folius Ventures: fund overview, strategy, mission03:37 Investment discovery process05:28 Due-diligence and decision-making09:40 What role does data play in the investment process?12:41 Thesis on BLUR and the NFT marketplace sector18:34 Competition and the future of the NFT marketplace sector21:07 How should an investor view the creator royalty debate?23:54 The MKR trade: is owning MKR akin to having equity in Circle and Tether?28:31 How actively does Folius Ventures trade vs. buying and holding?29:55 friend.tech & web3 social – Jason’s thesis36:58 How does Jason stay up to date with everything going on in the market?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#FoliusVentures #Blur #MKR #friendtech #Fundamentals #Crypto #tokenterminal
Chronicle Protocol – Decentralized and transparent oracle infrastructure | Fundamentals ep.69 Token Terminal 2023-09-06 | In this episode of the Fundamentals podcast, we’re joined by Niklas Kunkel, the Founder of Chronicle – an oracle service born out of MakerDAO’s Oracle Core Unit that will be launching publicly in September 2023.To cover the basics, Oracles are decentralized networks that bridge critical information from the real world to the blockchain.Chronicle currently provides exclusive support to MakerDAO’s total user deposits of $5.2b, meaning that it has captured a 22% market share of the total value secured by oracles, making it the second largest oracle behind Chainlink.In this episode with Niklas, we discuss what Chronicle is and the story behind it, how it works, and what sets it apart from other Oracle solutions on the market. We speak about ensuring hyper-scalability and ensuring the security of the protocol after which we cover Chronicle’s business model, quantify the market opportunity at hand, learn about the team behind the protocol, and hear what Niklas thinks will be the biggest drivers and challenges related to growth.Finally, we speak about how Chronicle’s relationship with MakerDAO will develop going forward, and what we can expect to see coming out of Chronicle Labs over the next few months. Check out the Chronicle Dashboard: chroniclelabs.org/dashboardChronicle Labs: chroniclelabs.orgX (Twitter): twitter.com/ChronicleLabsNiklas: twitter.com/nomos_paradoxMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:42 Chronicle’s mission 04:10 From MakerDAOs Oracle Core Unit to being the Chronicle Protocol07:27 Maker-grade quality08:39 What makes Chronicle unique?14:59 Achieving hyper-scalability with Scribe: a 66% reduction in gas usage26:09 Chronicle’s approach to building a truly secure protocol28:26 Chronicle’s business model31:01 Quantifying market potential37:56 The team behind Chronicle40:01 What will Chronicle’s relationship with MakerDAO be like going forward?42:39 Expected challenges and growth drivers post-launch45:04 The biggest learnings Niklas has taken away from his time building in crypto48:24 Upcoming milestones: Scribe, RWAs, and expansion…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.This episode is sponsored by Chronicle Labs.#Chronicle #Oracle #Fundamentals #Blockchain #Crypto #TokenTerminal
Internet Computer – Replacing all of traditional IT with a blockchain | Dominic Williams | ep.68 Token Terminal 2023-08-29 | In this episode, we're joined by Dominic Williams, the Founder and Chief Scientist of DFINITY, a major contributor to the Internet Computer blockchain.The Internet Computer is a general-purpose blockchain that hosts canister smart contracts. It is designed to provide a World Computer that can replace traditional IT and host a new generation of Web3 services and applications that run solely from the blockchain, without the need for traditional IT. It can also play the role of Web3 orchestrator, by interacting with traditional blockchains.In this episode with Dominic, we talk about the big vision behind the Internet Computer, and what the journey has looked like from initial idea to launching mainnet. Dominic walks us through the main technical innovations that have needed to be introduced to enable the vision for a true world computer, and we speak about the compelling real-world use cases that the IC can facilitate, and how adoption has been progressing for some of them.Over the next hour, we cover the evolution of smart contracts, identity authentication, open internet services, and building tamperproof, autonomous, and sovereign infrastructure. Tune in for a great discussion about restoring the Internet to its open, innovative, and creative roots.Internet Computer’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/internetcomputerDFINITY: dfinity.orgInternet Computer: internetcomputer.orgDFINITY on X (Twitter): twitter.com/DFINITYDominic on X (Twitter): twitter.com/dominic_wMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:01 Replacing the legacy IT stack04:38 Building web3 services 100% onchain, instead of on AWS07:09 The inspiration for building a World Computer13:12 The problems with legacy IT & rethinking our backend tech platform 14:22 Fulfilling the World Computer vision: Funding, R&D, and attracting talent18:32 A blockchain that plays the role of cloud 3.0 will always be complex19:28 Technical innovations: Proof of useful work consensus22:08 Technical innovations: Chain-key cryptography24:58 Technical innovations: Reverse gas model25:19 Technical innovations: Canister smart contract framework27:04 Technical innovations: How blockchain became a cloud28:23 Technical innovations: Service Nervous System (SNS) DAO30:14 Internet Identity33:39 Building apps on the Internet Computer34:33 OpenChat39:35 Chain-key tokens: a cryptography- based replacement for wrapped tokens41:00 True composability: linking together all blockchains without bridges……Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#InternetComputer #DFINITY #ICP #Crypto #Blockchain #TokenTerminal #Fundamentals
Modular Capital – Crypto investment firm with a fundamental and thesis-driven approach | ep.67 Token Terminal 2023-08-22 | In this episode of the Fundamentals podcast, we’re joined by James and Vincent, the founders of Modular Capital – a crypto investment firm with a fundamental and thesis-driven approach.In this episode, we discuss Modular Capital, their investment strategy, the underwriting process, and how they work with the projects they invest in.We discuss what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We speak about the pros and cons of liquid venture, the role that data plays as part of the investment process, and walk through some case examples of investments Modular has made. Finally, we discuss what developments James and Vincent are most excited about in crypto right now. Tune in for a great discussion about the fundamentals of crypto.Modular Capital:Site: https://www.modularcapital.xyz/Twitter: twitter.com/Modular_CapitalJames: twitter.com/jamesjho_Vincent: twitter.com/vincentjow_Make sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-------------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-------------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-------------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.substack.com-------------------------------------------Timestamps:00:00 Introduction01:10 First impressions of Base04:10 James' introduction & background06:13 Vincent's introduction & background07:38 Overview of Modular Capital10:51 The problem that Modular Capital solves for investors 12:10 What makes crypto interesting from an investor's point of view?17:38 Biggest misconceptions that traditional investors have about crypto20:36 Traditional vs. liquid venture: pros and cons25:34 Is liquid venture more resource intensive?29:28 What do fundamentals mean in crypto?31:00 Modular Capital's investment underwriting process33:15 Data's role in the underwriting process & what metrics does Modular focus on38:03 Case: dYdX43:47 Case: Across47:24 How does Modular work with the projects they invest in?49:40 What trends or market sectors currently stand out?56:42 The biggest challenges that funds face in crypto todayCrypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fundamentals #ModularCapital #Blockchain #Crypto #TokenTerminal
Portal Ventures – Accelerating the protocol economy through business fundamentals | ep.66 Token Terminal 2023-08-15 | In this episode of the Fundamentals podcast, we’re joined by Evan Fisher, the founder of Portal Ventures – a fund that is accelerating the protocol economy through business fundamentals.Portal Ventures identifies and supports crypto businesses that will define the next generation of our economy. They advise on strategy, roadmap, go-to-market, value capture, fundraising, and more.In this episode with Evan, we discuss Portal Venture, their investment strategy, and how they work with the projects they invest in. We cover what makes crypto interesting, and what the most common misconceptions are that traditional investors have about the asset class. We also break down the pros and cons of liquid venture, discuss crypto business models, and speak about whether crypto projects are software or marketplace businesses. Finally, Evan shared what he is most excited about in crypto right now. Tune in for a great discussion about the fundamentals of the protocol economy.Portal Ventures:Site: https://portal.vc/X (Twitter): twitter.com/PortalVenturesEvan: twitter.com/evanbfishExplore market sectors, metrics, project dashboards, financial statements, trending contracts, and more: tokenterminal.com/terminalMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction00:58 Evan’s introduction & background02:53 Overview of Portal Ventures05:12 The problem that Portal Ventures solves for investors07:40 Is Ethereum a marketplace or a software business?10:10 The biggest misconceptions that traditional investors have about crypto13:28 Crypto business models & how does Evan approach valuing early-stage projects that don’t yet have cashflows?15:27 The pros and cons of liquid venture18:24 Portal Ventures’ investment underwriting process: sourcing, diligence, decision-making22:06 What stage does Portal Ventures invest at?23:25 Does every investment need to be able to theoretically return the fund?25:30 How does Portal Ventures utilize data?27:41 How does Portal Ventures work with the projects they invest in?31:22 A need for more non-technologists in crypto32:03 Investment case: Blueprint (Concrete)35:10 What is Evan most excited about in crypto right now?37:30 The biggest challenge that funds face in this space today…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fundamentals #PortalVentures #Crypto #TokenTerminal
How to use Token Terminal | Platform demo Token Terminal 2023-08-08 | Token Terminal is a platform that aggregates financial and alternative data on blockchains and decentralized applications that run on blockchains.This comprehensive tutorial walks you through everything you need to know to make the most out of the platform, and the six different ways to interact with onchain data on Token TerminalWhat information can be found on the Token Terminal platform? How does one navigate different dashboards, and tables, and create custom charts? You can find answers to all these questions and more by watching the video!Make sure to leave a comment if you have any questions 🙌Token Terminal:Docs: tokenterminal.com/docs/introductionAPI Docs: tokenterminal.com/docs/api/referenceGovernance forum: gov.tokenterminal.comGet your project listed on Token Terminal: tokenterminal.com/terminal/new-listings📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------Timestamps:00:00 Introduction01:05 Chart functionality02:30 Data table03:55 Custom chart builder04:25 Metrics pages06:03 Market sector pages07:36 Project dashboards08:00 Key metrics08:44 Revenue share08:59 Composition by contract09:18 Composition by chain09:56 Competitive landscape10:04 Vesting schedule10:31 Trending contracts11:14 Financial statements11:47 API…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#TokenTerminal #Tutorial #Crypto
GFX Labs – DAO governance, Uniswap fee switch, onchain lending | Fundamentals ep. 65 Token Terminal 2023-08-02 | In this episode of the Fundamentals podcast, we’re joined by Getty Hill, the Co-Founder of GFX Labs, a multi-faceted blockchain research and development company. GFX Labs operates as both a crypto products studio and an active DAO governance contributor. On the product side, GFX has built various products including Interest Protocol, Web3 Sheets, and most recently the advanced DeFi trading platform Oku Trade which is powered by Uniswap v3. On the governance side of things, which GFX is widely known for, they have an active role in the governance of MakerDAO, Optimism, Uniswap, 0x, and Arbitrum.We speak about how GFX operates, the current state of DAO governance, and what an ideal DAO could look like. We dive into Uniswap’s fee switch and GFX’s stance on it, and also discuss the onchain borrow-lend market sector, the biggest opportunities and challenges in that space, and much more!GFX LabsSite: https://gfx.xyz/Twitter: twitter.com/labsGFXOku TradeSite: https://oku.trade/Twitter: twitter.com/okutradeGetty's Twitter: twitter.com/getty_hillUniswap’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/uniswapLending market sector on Token Terminal: tokenterminal.com/terminal/markets/lendingMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:06 UniswapX: first impression03:38 Overview of GFX Labs04:50 The core problem that GFX Labs solves06:25 How does GFX Labs fund operations?10:00 A primer on DAO governance11:12 Which DAOs stand out as of today?12:43 How does GFX Labs approach and contribute to DAO governance?14:15 Current voting power16:12 Is DAO governance professional enough yet?19:10 The shortcomings in current DAO governance models22:12 Is voting power too centralized?23:17 The Community Proposal Factory (CAP): what and why?24:48 The problem with Snapshot voting25:54 The amount of effort that goes into governance proposals28:23 Uniswap's fee switch31:02 Why is now the right time to turn on the fee switch?34:54 Where have previous fee switch proposals fallen short?36:40 State of the onchain lending market38:40 Undercollateralized lending in DeFi41:12 Current opportunities within the lending market sector 42:10 What's next for GFX Labs? Oku Trade…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#GFXLabs #DAO #Crypto #Uniswap #TokenTerminal
TRON – User activity, stablecoins, emerging markets | H.E. Justin Sun | Fundamentals ep.64 Token Terminal 2023-07-26 | In this episode of the Fundamentals podcast, we’re joined by H.E. Justin Sun, the Founder of Tron – a layer 1 blockchain.We discuss Tron’s position within the blockchain market and the core optimizations they have focused on. We also uncover the drivers behind Tron’s market-leading user activity numbers, speak about the network’s impressive traction in emerging markets, what perspective blockchains should be analyzed and valued from, and plans for the future. TRON’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/tronSite: https://tron.network/Twitter: twitter.com/trondaoJustin: twitter.com/justinsuntronMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:01 Tron’s core value proposition01:49 The main optimizations that Tron has focused on04:12 User activity on Tron (current state & drivers)07:33 Expanding outside of emerging markets10:31 What applications are best suited to be built on Tron?13:00 Valuing blockchains as settlement layers15:56 What’s next for Tron?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.#TRON #TRX #Blockchain #Crypto #TokenTerminal
frens capital – Liquid venture, web3 biz models, market inefficiencies & more | Fundamentals ep.63 Token Terminal 2023-07-19 | In this episode of the Fundamentals podcast, we’re joined by Chris Abiaad, the founder of frens capital – a thesis-driven investment fund focused on liquid digital assets. frens capital’s strategy is to make long-only investments based on fundamentals and the core principles of value investing.We discuss frens capital's investment strategy and what makes web3 interesting from an investor's point of view, and also break down liquid venture and why is it a superior form of investing compared to traditional VC. We cover the differences between web2 and web3 business models and moats, and speak about some 0-1 tech unlocks that could open up the space for mass adoption. Tune in for a great discussion about the fundamentals of value investing in crypto.frens capital:Site: https://www.frens.capital/Twitter: twitter.com/frenscapitalChris: twitter.com/Chris__AABlur’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/blurMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction04:19 Overview of frens capital05:36 What do fundamentals mean in crypto? 07:07 The problem that frens capital solves for investors09:40 Liquid venture vs. traditional venture12:26 How does frens work with the projects they invest in?14:00 What makes crypto interesting for investors?15:33 Web2 vs. Web3 business models & power laws19:47 Moats in crypto24:06 Tech unlocks that Chris is excited to see play out27:15 Market inefficiencies30:05 Relative valuations31:07 Deal-sourcing and decision-making34:35 What metrics does Chris focus on when analyzing projects?36:02 An investor's point of view on token incentives38:22 Blur: Developing an investment thesis42:26 What is Chris most excited about in crypto right now…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fundamentals #frenscapital #Blockchain #Crypto #TokenTerminal
Synthetix V3, lessons learned, SNX staking, driving adoption | Kain Warwick | Fundamentals ep.62 Token Terminal 2023-07-12 | In this episode of the Fundamentals podcast, we're joined by Kain Warwick, the founder of Synthetix – a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi. Synthetix is built on Ethereum and OP Mainnnet. How it works is that synthetic assets, and associated products, are collateralized by stakers via the SNX token, which when locked in a staking contract enables the issuance of synthetic assets, called synths. This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties.In this episode with Kain, we discuss the initial vision behind Synthetix and how V3 aims to fulfill this goal, we cover the lessons learned along the way, recap the fundamentals of Synthetix’s economic model and discuss the state of revenues, inflation, SNX staking, and maintaining the general health of the protocol. We also speak about how Synthetix is currently positioned within the market and where they see the biggest opportunities, increasing demand for trading on Synthetix, how the current tech stack will scale, the core contributors behind the project, current drivers and challenges, and more.Synthetix’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/synthetixSynthetix:Site: synthetix.ioTwitter: twitter.com/synthetix_ioKain: twitter.com/kaiynneMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:30 The initial vision and goal behind founding Synthetix03:58 The venture case for Synthetix06:13 Lessons learned that have led to the development of V310:14 How V3 fulfils what Synthetix set out to achieve in the early days13:45 The effects of evolving into a permissionless liquidity layer18:24 Synthetix’s economic model23:07 SNX staking: maintaining the health of the protocol25:08 SNX staking: encouraging all SNX holders to stake their tokens27:02 SNX staking: introducing new collateral assets28:24 Synthetix’s current user base & attracting new traders30:52 What assets does Synthetix have a competitive edge for?35:33 Driving adoption: user experience vs. number of assets listed36:52 Is an optimistic rollup’s performance enough? 39:17 Building liquidity infrastructure and user-facing products in parallell43:03 The team behind Synthetix45:56 Kain’s role at Synthetix48:04 The current state of revenue generated on Synthetix & thoughts on how it will develop52:04 What metrics and KPIs are best suited to measure/value derivatives exchanges?55:30 Are token incentives an expense for Synthetix?59:05 The biggest opportunities for Synthetix in the coming years…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#TokenTerminal #Synthetix #Fundamentals
Valuing blockchains with Michael Nadeau: an institutional investors perspective | Fundamentals ep61 Token Terminal 2023-07-05 | In this episode of the Fundamentals podcast, I’m joined by Michael Nadeau, a crypto data and research analyst and author of the DeFi report. In this episode with Michael, we explore how blockchains can be valued, especially from the perspective of more traditional and institutional investors. We discuss the main differences between traditional assets and crypto assets - focusing on L1 blockchains and their native tokens, the role of key metrics in analyzing these projects, we speak about market consensus and the roles of buy and sell-side analysts, the similarities and differences between blockchains and web2 businesses, and how comparisons can be drawn from specific key metrics. Michael also walks us through several valuation frameworks and how they can be applied to blockchains, and we wrap things up with thoughts on how he sees valuation frameworks developing now that institutions are slowly entering the space.Michael:Linkedin: linkedin.com/in/michael-austin-nadeauTwitter: twitter.com/JustDeauItThe DeFi report: thedefireport.io/#newsletterVanEck’s Ethereum analysis: vaneck.com/us/en/blogs/digital-assets/matthew-sigel-ethereum-price-target-118k-by-2030Ethereum’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/ethereumMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:00 Mike’s introduction & background04:33 The main differences between a traditional asset (stock), and a crypto network (Ethereum)09:05 The role of key metrics in analyzing assets (crypto vs. tradfi) 13:07 The typical roles and perspectives of buy-side and sell-side analysts16:42 Conducting due diligence18:18 Comparing Ethereum to traditional businesses like Apple and Amazon 21:58 Token incentives as a superior capital formation tool27:25 Valuation methodologies: Robert Greer framework30:47 Valuation methodologies: DCF analysis32:21 VanEck’s Ethereum valuation methodology34:45 Valuation methodologies: TAM analysis36:25 Blockchains as economies & GDP analysis38:59 How metrics like L2 take rate, App/Protocol layer take rate, and validator yield effect the value of an L1 blockchain42:06 Closing thoughts: the future of valuation frameworks for crypto networks & the effects of institutions entering the space…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#TokenTerminal #Blockchains #Ethereum
IPOR Protocol – Building the foundational layer for DeFi credit markets | Fundamentals ep.60 Token Terminal 2023-06-30 | In this episode of the Fundamentals podcast, I’m joined by Darren Camas and Dimitar Dinev, the Co-Founders of IPOR Protocol. IPOR is a non-custodial exchange for interest rate swaps built on Ethereum. As a DeFi protocol, IPOR refers to a series of smart contracts that provide a benchmark interest rate and enable users to access Interest Rates Derivatives on the Ethereum blockchain. IPOR is an abbreviation for Inter Protocol Over-block Rate. It derives its name from major indices from traditional finance like the LIBOR - the London Interbank Offered Rate, and the SOFR - Secured Overnight Financing Rate and adapts it to DeFi.We discuss what IPOR is, how it works, its core value proposition, and its position within the market. Also, we dive into IPOR’s financials, the upcoming v2 of the protocol, the team behind the project, exciting upcoming developments, and more!IPOR Protocol’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/ipor-protocolIPOR:Site: ipor.ioTwitter: twitter.com/ipor_ioDarren: twitter.com/DarrenCamasDimitar: twitter.com/DimitarDinev7Make sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:51 What is the IPOR Protocol?04:01 The core problem that IPOR solves07:32 IPOR's product suite09:17 Overview of the protocol's architecture13:14 Why build on Ethereum? How is IPOR thinking about going multichain?15:29 IPOR V222:55 State of the market & IPORs unique selling proposition26:26 Founding story & the team building IPOR32:00 Economic and business models36:05 The IPOR token38:17 The venture case for IPOR39:27 Growth drivers & challenges42:59 IPOR Power Tokens: innovating liquidity mining45:25 ETH staking rate derivative …Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.
BNB Chain – Accelerating adoption of the digital asset and blockchain economy | Fundamentals ep.59 Token Terminal 2023-06-19 | In this episode of the Fundamentals podcast, I’m joined by Arno Bauer, a Senior Solution Architect at BNB Chain. BNB Chain is a smart contract platform for decentralized applications and is currently the most widely used blockchain.BNB Chain is made up of an ecosystem of blockchains, comprising of the BNB beacon chain for staking and governance, the BNB smart chain which is an EVM-compatible smart contract settlement layer, zkBNB, a layer 2 zero knowledge scaling solution for developers to build large-scale BSC-based apps, and finally BNB Greenfield for decentralized data storage.In this episode with Arno, we discuss what the BNB Chain’s core value proposition is, what optimizations they have focused on, and how they are positioned within the market. Also, we cover how blockchains can be valued, how economic sustainability should be addressed, the most exciting things happening on the BNB Chain right now, who the core contributors behind the blockchain are, and more!BNB Chain’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/binance-smart-chainBNB Chain:Site: bnbchain.orgTwitter: twitter.com/BNBCHAINMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------...Timestamps:00:00 Introduction02:28 BNB Chain’s core value proposition02:59 The optimizations that BNB Chain has focused on04:03 The problems that the BNB Chain solves for builders and users05:30 An ecosystem of blockchains: Beacon Chain, BSC, ZkBNB, Greenfield08:52 Internal product focus areas: scalability and decentralization09:53 User activity, composition, and development13:58 The blockchain market and BNB Chain’s position within it15:38 Long-term vision for the BNB Chain17:28 Core contributors behind the BNB Chain18:43 Economic model20:27 Economic sustainability22:13 Value accrual to blockchain networks23:59 What are the best metrics to measure/value a blockchain?25:04 Are L1 blockchains economies, businesses, or something else?28:17 Utility of the BNB token29:17 Most exciting thing happening in the BNB Chain ecosystem31:27 Growth drivers and challenges35:18 Enhancing security in web3...Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.'''''#Fundamentals #Blockchain #BNB #BSC #Crypto #TokenTerminal
Angle Protocol – The most liquid Euro stablecoin: agEUR | Fundamentals ep.58 Token Terminal 2023-06-12 | In this episode of the Fundamentals podcast, I’m joined by Pablo Veyrat, the Co-Founder of Angle Protocol – a decentralized Euro stablecoin protocol.In this episode with Pablo, we discuss what Angle is, how it works, its core value proposition, and its position within the market. We also get an overview of Angle’s smart contract infrastructure, how they ensure robust security, the team behind the project, the venture case for Angle - and Euro stablecoins in general - plans for the future, and more!Angle is a decentralized, capital-efficient, and over-collateralized stablecoin protocol that was launched in November 2021. Their stablecoin, agEURO, is currently the most liquid Euro stablecoin on the market.Angle’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/angleAngle:Site: https://www.angle.money/Twitter: twitter.com/AngleProtocolPablo: twitter.com/pablo_veyratMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:50 Angle’s purpose03:48 Angle’s product suite: agEUR, borrow, leverage, earn06:54 Overview of Angle’s smart contract architecture09:16 Angle’s multichain strategy & technical implementation10:39 The Euro stablecoin market and Angle’s position within it12:52 Angle’s unique selling proposition14:02 The team building Angle15:07 DeFi needs safer building blocks15:49 Angle’s business model18:05 The ANGLE token & its purpose19:02 The venture case for Angle & pitch to investors20:59 Current growth drivers and challenges22:46 Smart contract development process & security24:34 What’s next for Angle?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fundamentals #Angle #Stablecoin #Crypto #TokenTerminal
MakerDAOs Endgame with Rune Christensen | Fundamentals ep.57 Token Terminal 2023-06-07 | In this episode of the Fundamentals podcast, we’re joined by Rune Christensen, Co-Founder of MakerDAO – a decentralized stablecoin protocol built on Ethereum, and the first-ever DAO.Maker recently published their Endgame plan, which is a roadmap for a significant overhaul and improvement to the governance and tokenomics of the Maker Ecosystem. Its primary aim is for the ecosystem to reach a self-sustainable equilibrium called the Endgame State.In this episode with Rune, the mastermind behind the Endgame plan, we discuss why this overhaul is needed and how it will affect the Maker Ecosystem. We go through the details of the plan's 5 different phases: Unified branding, subDAOs, leveling the playing field for governance, incentivizing participation, and launching a new blockchain. Tune in to this insightful discussion to learn about how these changes are expected to position Maker for mass adoption and take the innovative concepts crypto has introduced over the years mainstream. The 5 phases of Endgame: forum.makerdao.com/t/the-5-phases-of-endgame/20830MakerDAOSite: makerdao.com/enTwitter: twitter.com/MakerDAORune: twitter.com/RuneKekMakerDAO's dashboard on Token Terminal: tokenterminal.com/terminal/projects/makerdaoMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction01:39 The goals and vision behind the Endgame update07:28 Unifying branding & how it contributes to the growth and resilience of Maker?10:13 SubDAOs: How will parallelized growth and specialization benefit the ecosystem?15:40 How will SubDAOs fund operations?22:02 AI tools to enhance governance processes & level the playing field30:26 Governance participation rewards36:52 The rationale for deploying a new blockchain48:32 How will the Endgame roadmap position Maker in the market?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#MakerDAO #Endgame #DeFi #Crypto #TokenTerminal
Theia Blockchain – Fundamentals-based value investing in crypto | Fundamentals ep.56 Token Terminal 2023-05-31 | In this episode of the Fundamentals podcast, we’re joined by John McNiff and Felipe Montealegre, the founders of Theia Blockchain – a fundamentals-driven investment fund that is applying the principles of prudent investing to blockchain.We discuss Theia’s founding story, their investment strategy and underwriting engine, what fundamentals mean in crypto, and the main KPIs that Theia is looking for in potential investments. We also learn about the thesis behind Theia’s investments in GMX, Trader Joe, HoudiniSwap, and more. Also, we discuss the current challenges faced by funds in crypto and the most exciting developments in the market!Theia:Site: theiablockchain.comTwitter: twitter.com/TheiaResearchGMX’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/gmxGains Network’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/gains-networkTrader Joe’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/trader-joeMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction02:31 Theia’s founding story & overview of the fund05:30 The problem that Theia solves for investors07:17 All-DeFi rule at Theia08:43 Theia’s 3 strategies & how they work with and support portfolio co’s12:02 The possibilities that come with real-time streaming of data13:56 What do fundamentals mean in crypto? 15:34 Crypto projects do generate cash flows for tokenholders17:37 The Theia Underwriting Engine18:55 The Theia Underwriting Engine: Case GMX21:33 Open source = composability for both projects and investors22:57 What does Theia look for in potential investments?28:04 Investment thesis: Trader Joe29:15 Investment thesis: gTrade (Gains Network)30:27 Focus on DeFi and cash flows32:47 Bottom-up approach to the market33:56 Challenges that funds face in crypto: Getting reliable data35:36 Challenges that funds face in crypto: Regulatory overhang36:34 Challenges that funds face in crypto: Risk management38:34 What it requires to be a fundamental investor in crypto39:25 What are John and Felipe most excited about in crypto right now?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax, or any other professional advice.The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol.None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.#Fundamentals #Theia #Blockchain #Crypto #TokenTerminal
Polkadot – Building an unstoppable blockchain ecosystem | Fundamentals ep.55 Token Terminal 2023-05-24 | In this episode of the Fundamentals podcast, we’re joined by Shawn Tabrizi, Lead Developer at Polkadot. Polkadot is the first fully-sharded blockchain, i.e. it is a multi-chain environment. Polkadot enables scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment.In our interview with Shawn, we discuss Polkadot’s core value proposition, the main optimizations they have focused on, the concepts of shared security, interoperability, and unstoppability, Polkadot’s economic model, how to value the utility of a blockchain network’s native token, current growth drivers and challenges, plans for the future, and more!Polkadot’s dashboard on Token Terminal: tokenterminal.com/terminal/projects/polkadotPolkadotSite: https://polkadot.network/Twitter: twitter.com/PolkadotShawn: twitter.com/shawntabriziMake sure to leave a comment if you have any questions 🙌📊 Token Terminal platform: ► tokenterminal.com-----------------------------------------💬 Join our Discord: ► discord.com/invite/tokenterminal-----------------------------------------📱 Follow us on Twitter:► twitter.com/tokenterminal-----------------------------------------📩 Subscribe to our Newsletter:► tokenterminal.com/resources-----------------------------------------Timestamps:00:00 Introduction00:59 Polkadot’s core value proposition02:17 The optimizations Polkadot has focused on04:25 The problem that Polkadot solves for blockchain developers08:55 The bet against blockchain maximalism 11:52 Building an unstoppable blockchain ecosystem17:10 What is best suited to be built on Polkadot20:02 The current Parachain landscape21:20 The Substrate blockchain development framework23:42 Polkadot's core contributors28:04 Polkadot's economic model32:18 What role do fees and revenue play in a blockchain's value accrual35:27 What are the best metrics to measure/value a blockchain?35:27 Quantifying the utility of a blockchain's native token38:27 Current challenges43:37 Growth drivers43:16 What's next for Polkadot?…Crypto redefines the way businesses are built and operated.Token Terminal gives you the tools to evaluate and track the most promising projects.The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.#Polkadot #DOT #Blockchain #Crypto #TokenTerminal
