Uploaded January 2026 | Updated September 2026, 2 days ago
This week, we break down the evolving DePIN thesis, from real revenue traction to infra financing, regulation, and why some networks are finally compounding at scale. We also discuss the boom in Hyperliquid RWAs, bringing money & companies onchain, 2026 IPOs, and more. Enjoy!
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Follow Salvador: https://x.com/DAnconia_Crypto
Follow Jason: https://x.com/JasonYanowitz
Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Empire:https://x.com/theempirepod
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Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral.
Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here:
coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_empire&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=empire
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Timestamps:
00:00 Intro
00:44 Escape Velocity $61.74M Raise
05:50 The Case For DePIN
12:34 InfraFi And Bringing Money Onchain
22:07 Bear Case For DePIN And Top DePINs
30:57 Ads (Coinbase)
31:42 Metals And Hyperliquid RWAs
43:31 Crypto Integration Into FinTech
55:18 The State Of Compliance
58:49 2026 IPOs
01:04:38 The Carvana Of Crypto
01:09:22 Content Of The Week
01:15:29 Claude Cowork
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.
This week, we break down the evolving DePIN thesis, from real revenue traction to infra financing, regulation, and why some networks are finally compounding at scale. We also discuss the boom in Hyperliquid RWAs, bringing money & companies onchain, 2026 IPOs, and more. Enjoy!
--
Follow Salvador: https://x.com/DAnconia_Crypto
Follow Jason: https://x.com/JasonYanowitz
Follow Rob: https://x.com/HadickM
Follow Santi: https://x.com/santiagoroel
Follow Empire:https://x.com/theempirepod
--
Coinbase crypto-backed loans, powered by Morpho, enable you to take out loans at competitive rates using crypto as collateral. Rates are typically 4% to 8%. Borrow up to $5M using BTC as collateral and up to $1M using ETH as collateral.
Manage crypto-backed loans directly in the Coinbase app with ease. Learn more here:
coinbase.com/onchain/borrow/get-started?utm_campaign=0126_defi-borrow_blockworks_empire&marketId=0x9103c3b4e834476c9a62ea009ba2c884ee42e94e6e314a26f04d312434191836&utm_source=empire
--
Timestamps:
00:00 Intro
00:44 Escape Velocity $61.74M Raise
05:50 The Case For DePIN
12:34 InfraFi And Bringing Money Onchain
22:07 Bear Case For DePIN And Top DePINs
30:57 Ads (Coinbase)
31:42 Metals And Hyperliquid RWAs
43:31 Crypto Integration Into FinTech
55:18 The State Of Compliance
58:49 2026 IPOs
01:04:38 The Carvana Of Crypto
01:09:22 Content Of The Week
01:15:29 Claude Cowork
--
Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.
