The Signal

In this episode of The Signal, Hugo Finkelstein, Co-Founder of Rise, joins us to share insights into the evolving world of crypto payroll. Learn how Rise is helping businesses globally manage payroll for remote teams, bridging the gap between traditional payment systems and the modern need for flexible, onchain solutions. Hugo dives into the compliance challenges, the adoption of stablecoins in emerging markets, and the future of payroll innovations. Don't miss this deep dive into the intersection of Web2 and Web3 payroll solutions and the exciting developments ahead! We hope you enjoy the episode! Rise: https://www.riseworks.io/ Hugo: https://x.com/hugfink Timestamps 00:00 Introduction to Web2 and Crypto Payroll Challenges 00:37 Welcome to The Signal: Global Crypto Ecosystem Insights 01:55 Guest Introduction: Hugo Finkelstein's Journey into Crypto 08:10 The Rise of Crypto Payroll Solutions 11:22 Challenges and Solutions in Global Payroll 14:23 Future of Payroll: Stablecoins and Streaming Payments 20:18 Emerging Markets and the Impact of Crypto Payroll 27:38 User Experience and Onboarding with Rise 32:35 Future Plans and Market Expansion 36:19 Conclusion and Final Thoughts --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode, we're joined by Martin Carrica, Founder of Mountain Protocol, to dicuss the growing role of stablecoins in the global financial ecosystem, with a specific focus on how Mountain Protocol aims to provide a yield-bearing stablecoin solution. The episode starts with a general discussion on the importance of stablecoins, particularly in markets like Argentina, where inflation and unstable currency drive people toward U.S. dollar-denominated assets. Martin shares his personal experiences with Argentina's financial instability and how stablecoins have helped people protect their wealth. We then move onto how Mountain Protocol differentiates itself by offering the first permissionless yield-bearing stablecoin, USDM. This allows users to earn a yield on their stablecoin holdings, similar to how traditional banks offer interest on deposits. The episode highlights how traditional stablecoins like USDC and USDT generate yield for companies, but not for holders, and Mountain Protocol aims to change that. Additionally, we explore the regulatory landscape, particularly in Bermuda, where Mountain Protocol is regulated. Martin explains why this jurisdiction provides a secure and stable environment for their operations, especially with bankruptcy remote structures in place. The episode ends with a discussion of the future of stablecoins, the potential role of traditional banks in issuing their own, and how Mountain Protocol is positioning itself to capture a significant share of the market by offering better value to users through yield-bearing stablecoins. We hope you enjoy the episode! Timestamps: 00:00 Introduction 01:32 Guest Introduction: Martin Carrica from Mountain Protocol 01:55 Martin's Journey into Crypto: From Argentina to Stablecoins 03:18 Early Crypto Adoption in Argentina 05:49 The Rise of Stablecoins During the Pandemic 07:30 Stablecoins vs. Traditional Banking in Argentina 20:44 The Role of USDT and USDC in Emerging Markets 31:51 Institutional Adoption and Yield 44:23 The Future of Stablecoins 45:04 Regulatory Landscape for Stablecoins 48:32 Global Adoption and Use Cases 49:59 Challenges and Opportunities 55:53 Introducing Mountain Protocol 01:02:10 User Experience and Risks 01:15:43 Market Strategy and Predictions 01:25:56 Conclusion and Final Thoughts --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode, FP Lee from Sanctum joins us to discuss the potential of liquid staking in the Solana ecosystem. He explains the concept of liquid staking, the technical differences between Solana and Ethereum, and why liquid staking offers unique advantages.  The conversation covers the challenges and opportunities of building in the liquid staking space, including new use cases for liquid staking tokens (LSTs) beyond DeFi, such as crowdfunding and supporting creators. The episode also explores the different strategies and innovations of various Solana projects like Marinate and Jito, and how Sanctum aims to democratize LST creation.  Additionally, FP Lee shares his learnings from their token generation event (TGE), stressing transparency and fair pricing for retail investors. He concludes with a vision for the future where everyone holds their net worth onchain, supported by real-world use cases and a strong LST ecosystem. Timestamps: 00:00 Introduction to Liquid Staking 01:14 Welcome and Guest Introduction 02:23 Understanding Liquid Staking on Solana 05:10 Comparing Liquid Staking on Ethereum and Solana 08:53 Challenges and Incentives for Liquid Staking 16:10 Innovative Use Cases for Liquid Staking 18:27 Sanctum's Unique Approach 27:01 Future of Liquid Staking and Governance Tokens 29:14 Deep Dive into Sanctum's Product 29:45 Introduction to Liquid Staking and Jupyter UX 30:16 The Concept of a Unified Liquidity Pool 31:09 The Reserve Pool and Its Advantages 31:42 Jupyter Router and Efficient Swaps 33:00 Infinity Pool: Solving Liquidity Issues 34:42 Risks and Unknowns in Liquidity Pools 37:22 Sanctum's Business Model and Growth Potential 41:59 The Token Generation Event (TGE) Strategy 49:14 Future Vision and Real-World Use Cases 55:32 Closing Thoughts and Community Engagement We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode, we discuss a few of Michael's recent viral tweets. We briefly cover Robinhood's crypto strategy before moving on to key updates in the crypto market, explaining why we feel the current setup is bullish. We also debate whether Layer 2s should be included in Ethereum's ecosystem analysis. Additionally, we touch on the outcomes of crypto VC investments and the industry's narrative around governance tokens. We hope you enjoy the episode! Markets Update: https://x.com/JustDeauIt/status/1821191664154644804 Should L2s be included in Ethereum KPI data? (comps to networks like Solana): https://x.com/_ryanrconnor/status/1818385404078571768 Token Performance for Paradigm's Portfolio Projects: https://x.com/tokenterminal/status/1819752943933174213 Comparing L1 tokens to Equities: https://x.com/JustDeauIt/status/1810665134408269976 Timestamps: 00:00 Introduction 00:45 LinkedIn vs. Twitter Engagement 02:33 Robinhood's Crypto Strategy 06:12 Market Sentiment and Analysis 12:57 Macro Factors and Market Predictions 19:34 Stablecoins and Future Market Trends 22:49 Sentiment Indicators and Market Update 23:28 Blockchain Economics and Custom Chart Analysis 24:02 Debate on Including L2s in Blockchain Analysis 34:03 VC Investments and Token Performance 38:09 Governance Tokens and Value Accrual 43:49 Regulatory Overhangs and Market Dynamics 45:48 Conclusion and Upcoming Episodes Crypto Bull Market, Wall Street Crypto, Robinhood, Crypto VCs --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode, we dive into the impacts of recent political chaos in the U.S. and its effects on the financial markets. The discussion covers an update on the Bitcoin ETF,  including insights into the current buying activity, mining dynamics, and more. We also discuss the recent launch of Ethereum ETFs, and how we predict things will play out. The conversation also explores Ethereum's Q2 financials, the competitive landscape of L2s, and the future predictions for stablecoins and real-world assets. We hope you enjoy the episode! Timestamps 00:00 Political Chaos in the U.S. 03:42 Bitcoin ETFs and Market Dynamics 11:34 The "Trump Trade" 18:56 Ethereum ETFs Launch and Market Reactions 28:26 Ethereum Q2 Earnings and L2 Developments 39:54 Future of L2s and Token Economics 46:52 Concluding Thoughts and Future Content --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode of The Signal, we dive into Robinhood's strategic entry into the crypto space and compare it to Coinbase's established position. The discussion covers Robinhood's history with crypto, partnerships with Arbitrum and MetaMask, and the recent acquisition of Bitstamp. We also explore the potential for tokenized equities and discuss what strategic moves Robinhood could be planning to better capture crypto market share, including what launching their own Layer 2 blockchain could look like. Join us to understand the key metrics, business model, and future direction for this fintech giant as it navigate the evolving digital asset landscape.  Tune in for a speculative but insightful conversation on fintechs moving onchain. 00:00 Introduction  03:53 Robinhood's Evolution and Current Market Position 09:38 Robinhood vs. Coinbase: A Competitive Analysis 15:14 Robinhood's Crypto Integration Timeline 18:22 Robinhood's Strategic Partnerships and Future Directions 25:35 Integrating Crypto and Solving User Experience Issues 26:03 Payment for Order Flow in an Onchain Economy 30:34 Robinhood's Acquisition of Bit stamp 35:02 Strategic Moves and Tokenized Equities 42:13 Challenges and Strategic Considerations 47:18 Comparing Coinbase and Robinhood 52:37 Speculations and Future Predictions We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In this episode of The Signal, we're joined by Joe Flanagan, Co-Founder of Maple Finance. The discussion covers Maple Finance's innovative approach using smart contracts to streamline institutional debt issuance and enhance transparency in financial markets. Joe explains the process of originating and tokenizing debt onchain, providing insights into the borrowers and the underwriting process.  The conversation also introduces Syrup, Maple's new platform aimed at making institutional yields accessible to a broader DeFi audience. Joe details the reasons behind the token transition to SYRUP, the expected yields, and the future opportunities for Maple Finance. 00:00 Introduction and Welcome 00:38 Guest Introduction: Joe Flanagan from Maple Finance 01:15 Overview of Maple Finance 03:36 Why Crypto? 05:40 How Maple Finance Works 06:01 Borrowers and Underwriting Process 09:03 Lending Products and Rates 11:21 Supply Side and Lenders 13:39 Business Model and Fees 15:00 Introducing Syrup: New Product Launch 24:51 Syrup Token and Community Engagement 29:18 Future Markets and Conclusion If you're interested in checking out Maple's new Syrup product you can do so at the link here: https://syrup.fi/lend?access-code=JD3PU with code JD3PU Please note that The DeFi Report has no formal affiliation with Maple Finance and was not compensated to share the episode or links. Lending in DeFi is not risk-free. We encourage you to conduct your own research before putting any capital at risk. We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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. #TheSignal #MapleFinance #Syrup

In Episode 9 of The Signal, we into into a market update, discuss our approach to due diligence and research in the crypto space, and provide a comprehensive analysis of Hivemapper, a decentralized physical infrastructure network on Solana. Join us as we explore the market's current state, the Federal Reserve's recent moves, and the implications for crypto. We also share detailed insights into Hivemapper's business model, token economics, and potential for growth. Tune in to gain a deeper understanding of how to evaluate crypto projects and the future of DePin networks. 00:00 Introduction to Hivemapper and Market Potential 00:49 Welcome Back to The Signal Podcast 01:15 Market Update and Fed Meeting Insights 09:43 Analyzing On-Chain Data and Market Sentiment 22:40 Understanding Hivemapper's Disruptive Potential 35:45 Exploring Uber's Potential Involvement 35:59 Web 2 vs Web 3: Future of Mergers and Acquisitions 36:51 Introduction to Hivemapper's Product 37:06 Earning with Hivemapper Dash Cams 39:05 Hivemapper's Data Product and Tokenomics 40:31 Global Mapping Progress and Contributors 42:11 Token Economics and Market Dynamics 52:46 Financials and Team Behind Hivemapper 01:00:51 Risks and Future Prospects 01:07:03 Conclusion and Upcoming Episodes We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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. #TheSignal #Hivemapper #DePin

In Episode 8 of The Signal, we dive into the financial performance, technical differences, and market narratives surrounding Bitcoin and Ethereum.  We discuss how Ethereum and Bitcoin should be evaluated as part of an investment portfolio, analyze their supply and demand dynamics, and look at token incentives and inflation rates. Additional topics include the growth of onchain user bases, market valuations, and security considerations. This episode provides a comprehensive, data-driven comparison of the two leading crypto assets, highlighting why direct comparisons can be misleading. We hope you enjoy the episode! Timestamps: 00:00 Introduction 01:23 Understanding Bitcoin and Ethereum Narratives 03:13 Bitcoin: The Digital Gold 04:51 Ethereum: The Software Network 08:20 Technical Differences Between Bitcoin and Ethereum 11:47 Addressable Markets for Bitcoin and Ethereum 19:23 Value Accrual and Token Economics 24:26 Token Incentives and Network Security Costs 25:13 Ethereum's Monetary Policy and User Activity 26:05 Bitcoin's Fixed Issuance and Selling Pressure 27:50 Inflation Rates and Monetary Policies 30:20 Supply on Exchanges and Investor Sentiment 33:33 Onchain Data and User Metrics 35:22 Long-Term Holders and Network Health 38:55 Financial Statements and Profitability 43:33 Security and Cost to Attack Networks 45:11 Final Thoughts and Market Predictions --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

In episode 7 of The Signal, we discuss the evolving landscape of crypto regulation, marked by last week's approval of the first Ethereum ETF and significant policy movements in Congress. We're joined by George Leonardo from Cap Hill Crypto to gain insights into recent legislative activities and the implications of revamped regulatory frameworks on the industry. Key topics include the SEC's SAB121, the Financial Innovation and Technology for the 21st Century Act (FIT 21) the CBDC Anti-Surveillance State Act, and the potential political influences driving these changes. The episode also dives into Ethereum's network effects and economic dynamics compared to Bitcoin, as well as broader market implications of an ETF, and how investors should be thinking about portfolio construction. 00:00 Introduction 01:13 Historic Week in Crypto Policy 01:48 Meet George Leonardo from Cap Hill Crypto 03:25 Understanding SAB121 and Its Implications 06:02 Congressional Review Act and Crypto Regulation 07:17 Democratic Engagement in Crypto Policy 12:18 The Financial Innovation and Technology Act (FIT 21) 18:38 Decentralization and Digital Commodities 22:36 Impact of Congressional Movements on Crypto Lawsuits 24:54 Banning Central Bank Digital Currencies (CBDCs) 27:50 Ethereum ETF Approval: A Game Changer 31:03 Political Influences on SEC Decisions 36:28 Implications of Ethereum's Unique Economics 38:59 Ethereum vs. Bitcoin: Key Differences 42:40 Future Outlook for Ethereum and Crypto Market 50:20 Technological Revolutions and Crypto's Turning Point 53:15 Conclusion and Future Content --- Show Resources: Sign up for Cap Hill Crypto policy updates: https://www.caphillcrypto.com/ Follow George Leonardo: https://www.linkedin.com/in/george-leonardo-aa841423/ We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

On Episode 6 of The Signal, Michael and Oskari are joined by a special guest, Daniel Batten, an expert in ClimateTech and ESG investing. Together, we dive deep into the intersection of Bitcoin, energy, and the environment. We discuss how Bitcoin can accelerate renewable energy adoption, mitigate methane emissions, and potentially become the world's first carbon-negative network. Daniel shares his insightful research, debunks common myths about Bitcoin's environmental impact, and explores the unique economic incentives that make Bitcoin mining beneficial for renewable energy projects. We also touch on the potential for nation-states and major energy producers to get involved in Bitcoin mining.  Links: 1. https://www.batcoinz.com/ 2. https://x.com/DSBatten 3. ch4capital.com 4. https://x.com/dsbatten/status/1776555625318650205?s=46 5. https://x.com/dsbatten/status/1671336675497349121?s=46 Timestamps: 00:00 Introduction 01:30 Daniel Batten's Journey into ESG Investing and Bitcoin 03:06 The Potential of Bitcoin Mining to Mitigate Methane Emissions 06:43 Debunking Myths: The Environmental Impact of Bitcoin Mining 18:20 A Deep Dive into Bitcoin's Energy Consumption and Sustainability 30:30 Addressing Bitcoin FUD with Facts and Patience 34:29 Bitcoin's Unique Journey and Global Impact 39:12 Debunking Myths: Bitcoin and Renewable Energy 43:21 The Growing Recognition of Bitcoin's Environmental Benefits 48:08 Future Prospects: Bitcoin's Role in Energy and Climate Solutions 58:30 Envisioning Bitcoin's Expansion and Environmental Impact 01:02:27 Advice for Climate Tech Investors Considering Bitcoin We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice.  The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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.  Listeners 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.

This episode of The Signal dives into the evolution of Coinbase, one of Wall Street's most misunderstood companies. Learn about Coinbase's transformation from a Bitcoin-only exchange to a key player in the web3 infrastructure space, with a multifaceted business model including trading, staking products, stablecoins, a layer 2 blockchains, and prime brokerage services. We analyze Coinbase's competitive positioning, operational efficiency, regulatory challenges, and the company's potential for unprecedented growth in the crypto and onchain economy over the next decade. Whether you're an investor, analyst, or simply curious about the future of crypto, this episode offers valuable insights into Coinbase's strategic direction and its pivotal role in web3. 00:00 From Bitcoin Exchange to Web3 Pioneer 02:21 Coinbase's Multifaceted Business: Beyond Just an Exchange 06:55 The Founding Story of Coinbase and Its Web3 Vision 11:38 Exploring Coinbase's Revenue Streams and Market Position 12:48 The Rise of Base: Coinbase's L2 and Its Impact 34:57 Coinbase Wallet and the Future of Web3 Accessibility 38:30 Understanding Coinbase's Trading Revenue and Market Dynamics 50:43 The Growing Importance of Stablecoins in Coinbase's Revenue 55:24 Staking 01:00:33 Prime Brokerage and Custody 01:02:59 Strategic Partnerships: Strengthening Coinbase's Ecosystem 01:06:24 The Competitive Landscape 01:17:29 Coinbase's Venture Portfolio 01:19:20 Coinbase vs. SEC 01:24:59 Analyzing Coinbase's Financials and Profit Drivers 01:31:51 Drawing parallels with Amazon's growth trajectory We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify: ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts: ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ ---- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice. The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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. Listeners 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.

This episode provides an in-depth analysis of Circle and USDC, while also exploring the broader stablecoin landscape. The discussion highlights stablecoins as crypto's killer use-case, Circle's transition from a Bitcoin wallet to a leading figure in the stablecoin space,  a data driven overview of USDC adoption, an overview of the competitive landscape, the regulatory environment, the anticipations around Circle's IPO, and the broader implications of stablecoins on the crypto ecosystem, banking sector, and global economy.  00:00 Introduction 00:27 Stablecoins: Crypto's killer use case 01:36 The Impact of Stablecoins on Global Finance 06:25 Circle's Evolution: From Bitcoin Wallet to Stablecoin Powerhouse 17:31 The Business Model Behind Stablecoin Issuers 31:50 Exploring the Competitive Landscape of Stablecoins 43:15 Data Dive: Analyzing USDC Distribution and Activity 48:04 Deep Dive into USDC's Performance on Different Blockchains 50:02 The Role of Bots in Crypto Transactions and Their Impact 51:05 Analyzing Transaction Volumes and User Behaviors Across Blockchains 01:04:08 Exploring Future Use Cases for Stabelcoins: Payroll and Daily Payments 01:09:37 Market Share, Rate Sensitivity, and the Impact of Interest Rates on Stablecoins 01:14:36 Regulatory Challenges and the Future of Stable-coins 01:22:23 Circle's Potential IPO 01:29:17 Concluding Thoughts We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify:  ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts:  ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/ --- The views expressed by the co-hosts or any guests are their personal views and should not be relied upon as financial, technical, tax, legal, or any other type of advice. The creators of this content, or members, affiliates, or stakeholders of The DeFi Report, may be participating in or have invested in the 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. Listeners and 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.

In episode 3 of The Signal, Michael and Oskari take a deep dive into the onchain data landscape. They discuss various metrics and data points crucial for analyzing market cycles, comparing blockchain and dApps, and assessing the health and growth of crypto. They cover tools and platforms for accessing and interpreting onchain data, such as Token Terminal, Glassnode, Dune, and others.  ----- Timestamps and topics covered: 00:00 Intro 01:04 Market updates & ETF flows 10:09 Exploring web3 data, its impact, and differences to web2 data 12:52 Deep dive into onchain data: Understanding the basics 25:45 The landscape of web3 data providers 35:34 Standardizing metrics for blockchains & dApps 39:59 Onchain data as a competitive edge  46:21 Institutional interest in crypto 46:32 Onchain data's impact on equity analysis and traditional finance 53:54 Overview of Mike's favorite metrics and charts (ALPHA) 01:09:11 Preview of next week's episode on Circle We hope you enjoy the episode! --- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-inv... Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify: ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/

In episode 2 of The Signal, Michael and Oskari discuss the current state of the liquid staking market on Solana. Resouces: 1. The Liquid Staking Set-Up on Solana (And an analysis of Marinade Finance): https://thedefireport.io/research/the-liquid-staking-set-up-on-solana 2. Solana Liquid Staking (Revisiting the thesis): https://thedefireport.io/research/solana-liquid-staking-revisiting Timestamps and topics covered: 00:00 Market update: Bitcoin halving and ETF flows 06:48 Solana's liquid staking landscape & comparing Ethereum and Solana staking dynamics 11:34 Marinade Finance: A case study in Solana's liquid staking market 15:24 Future projections and business model insights 20:42 Marinade vs. Jito 27:03 Exploring the potential of Sanctum: A new approach to liquid staking 36:20 The future of money and liquidity in DeFi We hope you enjoy the episode! -- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a copy of The Ethereum Investment Framework: https://thedefireport.io/ethereum-investment-framework Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify: ⁠https://podcasters.spotify.com/pod/sh... Subscribe on Apple Podcasts: ⁠https://podcasts.apple.com/us/podcast... Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Oskari: https://www.linkedin.com/in/oskaritempakka/

In episode 1 of The Signal, Michael and Oskari share Ethereum's Q1 Earnings Results. We recommend downloading a copy of the Q1 issue of The Ethereum Investment Framework to go along with this episode. If you're interested, you can do so here: Topics covered: - Financial performance for the quarter (onchain profit) - Operating performance (user growth and other KPIs) - Growth of L2s (vs Ethereum L1) - Ethereum "GDP" - Market metrics - DeFi metrics (TVL, ETH staked, trading volumes) - Token Economics (ETH burned vs issued) - EIP 4844 - Market Outlook We hope you enjoy the episode! -- Subscribe to The DeFi Report Newsletter: ⁠ https://thedefireport.io/subscribe⁠ Download a free copy of The Ethereum Investment Framework: ⁠ https://thedefireport.io/ethereum-investment-framework⁠ Subscribe on YouTube: ⁠https://bit.ly/3SeyyA8⁠ Subscribe on Spotify: ⁠https://podcasters.spotify.com/pod/show/thedefireport⁠ Subscribe on Apple Podcasts: ⁠https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936⁠ Follow Michael: ⁠https://www.linkedin.com/in/michael-austin-nadeau/⁠ Follow Oskari:  ⁠https://www.linkedin.com/in/oskaritempakka/⁠ Learn more about Artemis: ⁠https://www.artemis.xyz/⁠

Crypto is in a bull market, which means we should expect to see plenty of incoming FUD (fear, uncertainty, doubt) hitting our news feeds and timelines. In episode 20 of The Rundown, Michael and Shiv break it all down, including the following: - What is FUD? - The primary sources of FUD - Where FUD *really* comes from - Most common types of FUD and how to debunk it If you're new to crypto, the goal of this episode is to equip you with everything you need to seek the truth. P.S. the next time someone tells you that Bitcoin miners are “boiling the ocean” or that crypto is “only used by criminals,” simply share this episode with them :) ---- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/

In this week's episode of The Rundown, Michael and Shiv were joined by Chan Samadder, CFA and Head of Product at ETC-Group. Topics covered: - Chan's background in TradFi and his journey into crypto and digital assets - ETC-Group and the regulated crypto financial products they are bringing to market in Europe - Why Ethereum? How Chan thinks about ETH as an asset and how he speaks with investors about the Ethereum Network - How to monitor Ethereum's adoption rates - Ethereum's Token Economics - Onchain Financials - Why Now? - How ETH fits into a diversified portfolio of assets - Correlations to Equities - Staking vs Holding ETH - Types of Staking Products in the Market - Success of recently launched ETH Total Return Staking Product We hope you enjoy the episode! --- Learn more about ETC-Group: https://etc-group.com/ Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ --- Disclaimer: Nothing said on The Rundown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by the co-hosts or guests are solely their opinions and not financial advice. Michael, Shiv, and our guests may hold positions in the companies, funds, or projects discussed. Please note that financial products offered by ETC-Group are available only to professional investors within qualified European jurisdictions.

In episode 18 of The Rundown, Michael and Shiv dive into the following topics as Bitcoin shot through all-time highs: - Bitcoin ETF Inflow Update - Pattern matching ---- what can we learn about new TradFi entrants so far this cycle? - Why did Bloomberg downgrade the chances of an ETH ETF to 35% in May? - Michael Saylor and Microstrategy buying more BTC (with really cheap capital) - Is FUD season already here? - Going onchain with Artemis Terminal covering Sybil activity onchain We hope you enjoy the episode! ---- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn more about Artemis Terminal: https://www.artemis.xyz/ --- Show Resources: Nomura Study on Bitcoin & Impact on the Japanese Economy: https://www.cnbc.com/2018/01/02/bitcoin-could-boost-japans-gdp-nomura-analysts-say.html#

In this week's episode of The Rundown, Michael and Shiv share their approach toward building a Solana portfolio with an "aircraft carrier" approach. Additional topics covered: - The Bitcoin ETF inflows update - Onchain Data "cycle awareness" update using onchain data signal from Glassnode We hope you enjoy the episode! ---- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn more about Glassnode: https://glassnode.com/

Tom Dunleavy, CIO of MC Capital joined Michael and Shiv on episode 16 of The Rundown. Tom provides a unique, boots-on-the-ground perspective of the crypto capital markets and shares plenty of alpha on what to expect in the next crypto cycle. Topics covered: - Tom's background & MV Capital's investment strategy - How VCs impact crypto cycles - Types of projects being funded early in this cycle - Crypto funding mechanisms (airdrops, ICOs, valuations, etc) - Thesis for BTC, ETH, SOL this cycle - How the election cycle in the US could impact crypto in the coming years - New privacy solutions for crypto - Innovation on Bitcoin - Consolidation in the crypto research/data space? We hope you enjoy the episode! ---- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Tom Dunleavy: https://twitter.com/dunleavy89 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/ List your project on Token Terminal: https://docs.tokenterminal.com/docs/listing-form

Are Stablecoins the new Euro Dollar? In episode 15 of The Rundown, Michael and Shiv go deep on Stablecoin data and how Tether is being used on Tron. Additional topics covered: - Bitcoin ETF inflow data - Similarities between the growth of stablecoins and the growth of the Euro Dollar market - Stablecoin usage on Ethereum (top stablecoins, users, transactions, etc) - Tether usage on Tron vs Ethereum - Types of Tether users and user cohorts - User preferences in different regions of the world - TRON Onchain Data: active users, transactions, TVL, revenues, etc - Developer activity on Tron We hope you enjoy the episode! ------- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/ List your project on Token Terminal: https://docs.tokenterminal.com/docs/listing-form

In episode 14 of The Rundown, Michael shares his current thinking on ETH vs SOL. We also covered the Bitcoin ETF flow data, the prospects for an Ethereum spot ETF by May, and how to spot trends using onchain data. We hope you enjoy the episode! ---- Data-driven analysis of the web3 tech stack delivered to your inbox: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/ List your project on Token Terminal: https://docs.tokenterminal.com/docs/listing-form

Why is the market so bullish on real-world assets moving onchain in 2024? In Episode 13 of The Rundown, Michael and Shiv explore the sector from a data-driven view while also raising (and answering) the following questions: How large are these markets? What are the benefits to tokenizing real-world assets? What role will large traditional finance firms play? What are the challenges? How long will it take to see widespread adoption? We also shared our thoughts on the recent spike in activity within web3 social and the partnership between Go Daddy and Ethereum Name Service (web3 domains). We hope you enjoy the episode! ---- Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Download a free copy of The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework ---- Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

In this week's episode of The Rundown, Michael and Shiv welcome the show's first guest, Juan Leon, Senior Analyst at Bitwise Asset Management. Topics covered: - Juan's background and why Bitwise is so bullish on crypto as an asset class - Insights gleaned from Bitwise's recent survey of 437 investment advisors across the US - The merger of TradFi & Crypto - Bitwise's new spot ETF by the numbers (plus bonus insights on the mechanics of how the ETF works on the back end) - Projections on ETF inflows this year - ETH ETF - Sector's Juan is excited about in 2024 We hope you enjoy the episode! ------ Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Follow Juan: https://www.linkedin.com/in/juan-f-leon/ Bitwise Investment Advisor Survey: https://bitwiseinvestments.com/crypto-market-insights/the-bitwise-vettafi-2024-benchmark-survey Learn More about Bitwise: https://bitwiseinvestments.com/

In this week's episode of The Rundown, Michael and Shiv break down all of the important data and key takeaways from the Q4 issue of The Ethereum Investment Framework — which you can download here: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Topics covered: - Ethereum's onchain Profit & Loss - Value Accrual: ETH holders vs ETH Stakers - Tokenomics & circulating supply - Ethereum Comps to the top 10 L1s - Now vs Then (Q4-23 vs Q4-17) by the numbers and fundamentals - BTC vs ETH - Price action through cycles - Ethereum's GDP - Growth of L2s by the numbers (users, transactions, developers, fees) We hope you enjoy this week's episode! ------ Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

In episode 10 of The Rundown, Michael and Shiv cover the short-term and long-term impacts of the Bitcoin ETF. The duo also discusses intrinsic value as it pertains to Bitcoin, as well as multiple valuation frameworks for crypto networks and protocols. We hope you enjoy the episode! ----- The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter ----- Subscribe to The Rundown on YouTube: https://bit.ly/3SeyyA8 Subscribe to The Rundown on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe to The Rundown on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

zkSync is the fastest-growing L2 in the Ethereum ecosystem. Find out why in episode 9 of The Rundown as Michael and Shiv go onchain with Token Terminal to unearth the insights behind user activity, top projects on zkSync, user retention rates, and how zkSync compares to its top competitors. We hope you enjoy the episode! ------ Subscribe on YouTube: https://bit.ly/3SeyyA8 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Download The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

In this week's episode of The Rundown, Shiv and I share our predictions for 2024! Topics covered: BTC, ETH, SOL price targets DeFi DePIN Social Media NFTs & Gaming The election cycle in the US We hope you enjoy the episode! ------ Subscribe on YouTube: https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 Download The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/ Disclaimer: Individuals have unique circumstances, goals, and risk tolerances, so you should consult a certified investment professional and/or do your own diligence before making investment decisions. The co-hosts are not investment professionals and may hold positions in the assets covered. Certified professionals can provide individualized investment advice tailored to your unique situation. This research report is for general educational purposes only, is not individualized, and as such should not be construed as investment advice. The content contained in the show is derived from both publicly available information as well as proprietary data sources. All information presented and sources are believed to be reliable as of the date first published. Any opinions expressed in the report are based on the information cited herein as of the date of the publication. Although The DeFi Report and the author believe the information presented is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements herein not misleading, all information and materials in the report are provided on an “as is” and “as available” basis, without warranty or condition of any kind either expressed or implied.

In this week's episode of The Rundown, Michael and Shiv provide an overview of liquid staking on Solana and a comparison of Marinade Finance and Jito — the largest liquid staking solutions on the network. Learn more about staking on Solana and Marinade Finance here: https://marinade.finance/ The duo also provides a recap of the top stories in crypto in 2023— to help you learn from what transpired as we head into the next adoption cycle. Topics covered: - Marinade Finance vs Jito (liquid staking solutions on Solana) - Shift in Federal Reserve Monetary Policy - Early 2023: distressed crypto assets and "operation choke point 2.0" - Mid 2023: Crypto wins in the Courts - Mid 2023: Ethereum Shapella Upgrade and the ETH Stake Rate - End of 2023 — Going onchain: Friend.tech (social media), Bitcoin Ordinals & BTC Fees, L2s driving gas fees to Ethereum, Solana active users rising We hope you enjoy the episode! ----- Subscribe on YouTube: https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

In this week's special edition of The Rundown, Michael and Shiv share their unique journeys into web3 including the unique challenges, lessons learned, the importance of curiosity, and why they are so excited for the future. In the season of giving, we hope you can learn from their experience and apply some takeaways to your own life.  Topics covered: - Michaels's journey from accounting/finance, commercial real estate, and MIT's Investment Management Company to crypto - Shiv's journey from one of Australia's largest banks into crypto and how he found himself writing Protocols of Money in NYC in 2020 - The founding story of The DeFi Report - Michaels Vision for web3 and why he is so excited for the future - Why Shiv wrote the book Protocols of Money - Shiv's experience as an Angel investor  We hope you enjoy the episode! ----------- Subscribe on YouTube: https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

In this week's episode of The Rundown, Michael and Shiv cover everything you need to know about Bitcoin heading into 2024. This episode is packed with actionable insights. Topics covered (charts & data visuals + discussion): - Bitcoin's Hash Rate - Long-Term Holder Activity - Miner Net Positions & Activity - Stock to Flow Chart - Cost to Mine 1 BTC (and what it means) - MVRV Cycle Indicator Ratio - 200 Week Moving Average (and why recent break out is bullish) Going onchain with Token Terminal: - Circulating Supply and Halving Impact - Fees and impact the Ordinals Protocol is having on the network - Developer Activity - Trading Volumes - Transaction Counts (and why they are at all-time highs) We also got into some predictions for 2024! We hope you enjoy the episode. ------ Please note that we pull up many charts and analytics that drive these episodes. For those seeking the visual experience, we recommend subscribing to the YouTube channel below. Subscribe on YouTube The Ethereum Investment Framework Subscribe to The DeFi Report Newsletter Follow Michael Follow Shiv Learn More about Token Terminal: https://tokenterminal.com/

If you don't know your numbers you don't know you're crypto! In this weeks episode of The Rundown, Michael, and Shiv discuss Uniswap — the largest decentralized exchange in crypto. Topics discussed: - Uniswap's business model & breakthrough innovation - Use cases for Uniswap in finance - Uniswap financials & KPIs - How Uniswap is integrating in the tech stack - The UNI token - How Uniswaps economics change on various blockchains - Will Uniswap launch its own L2? Subscribe on YouTube:https://www.youtube.com/channel/UCGQqZBVIFO8agRSJ1gQCMKw?sub_confirmation=1 Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ Learn More about Token Terminal: https://tokenterminal.com/

If you don't know your numbers, you don't know your crypto! In this week's episode of The Rundown, Michael and Shiv discuss the elements of the Ethereum tech stack and the economics of Ethereum Layer 2 networks. - What are the margins of Ethereum L2s?- How much revenue is running through L2s today?- How many transactions do they need to support to onboard the next billion users?- How do their fundamentals stack up against each other and the alternative L1s?- What are some good mental models for thinking about L2s and value accrual? We covered these topics and much more (including Bitcoin Mining Energy FUD

In this week's episode of The Rundown, Michael and Shiv unpack the question on everyone's minds: are we in a new bull market?? The duo also shared their perspectives on the following important topics: - Global macro & liquidity conditions (and how they impact crypto) - Regulation - Binance - Bitcoin - Solana institutional interest (and the massive premium on Greyscale) Finally, the on-chain data with Token Terminal segment this week covered liquidity conditions, the reflexive nature of crypto, and the impact that the merge had on Ethereum's business model and token economics. We hope you enjoy the episode! Subscribe on YouTube: https://www.youtube.com/channel/UCGQq... Subscribe on Spotify: https://podcasters.spotify.com/pod/show/thedefireport Subscribe on Apple: https://podcasts.apple.com/us/podcast/the-defi-report/id1717262936 ----- Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ ---- Download The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter

Welcome to The Rundown! In the first episode, Michael and Shiv share their unique backgrounds, their journeys into web3, and what brought them together to co-host The Rundown. The duo also provides a sneak peek into various topics to be covered in future episodes and why the podcast will be anchored to fundamental analysis and on-chain data. Thanks for tuning in! --- The Rundown is powered by Token Terminal — the leading on-chain data and analytics platform for institutional investors. Learn more about Token Terminal: https://tokenterminal.com/about --- Follow Michael: https://www.linkedin.com/in/michael-austin-nadeau/ Follow Shiv: https://www.linkedin.com/in/shivmehta/ --- Download The Ethereum Investment Framework: https://thedefireport.gumroad.com/l/ethereuminvestmentframework Subscribe to The DeFi Report Newsletter: https://thedefireport.io/#newsletter