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In this episode, we’re joined by Felix Jauvin, Host of the Forward Guidance podcast, and James Christoph, a guy from our Telegram group, to dive into current crypto market positioning, stablecoin monetization, and Hyperliquid’s HLP. We also discuss institutional interest in DeFi tokens, crypto’s split token-equity dynamic, risks for Ethena and Pendle, pumpfun's staying power, and why Robinhood may outcompete Coinbase.
Thanks for tuning in!
As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.
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Follow James Christoph: https://x.com/JamesChristoph_
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Timestamps:
(0:00) Introduction
(2:00) Current Crypto Positioning
(9:42) Who is Buying Defi Tokens?
(16:49) Crypto's Split Equity & Token Dynamic
(21:09) Stablecoins Are Booming
(28:08) Thoughts on Ethena and Pendle
(36:07) What Happened to Hyperliquid?
(48:08) Looking at Pumpfun Data
(57:47) Robinhood vs Coinbase
(1:04:43) Crypto Needs Undercollateralized Lending
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Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks Research: https://www.blockworksresearch.com/
Free Daily Newsletter: https://blockworks.co/newsletter
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Disclaimer: Nothing said on 0xResearch 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. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.
In this episode, we explore PumpFun’s competition with Raydium, frontend design as a competitive moat, Solana’s share of network REV and application revenue, Ethereum’s ongoing scaling and governance challenges, and Bitcoin’s correlation to the stock market.
Thanks for tuning in!
As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.
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Resources
PumpSwap Data: https://x.com/blockworksres/status/1905691039912087660
Fluid Dashboard: https://x.com/blockworksres/status/1908165062650675637
PumpFun Dashboard: https://app.blockworksresearch.com/analytics/pumpfun
Bitcoin March 2025 Update: https://app.blockworksresearch.com/flashnotes/bitcoin-march-2025-update
Solana March 2025 Update: https://app.blockworksresearch.com/flashnotes/solana-march-2025-update
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Ledger, the global leader in digital asset security, proudly sponsors 0xResearch! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER device now and build confidently, knowing your precious tokens are safe.
Buy now on https://shop.ledger.com/?r=1da180a5de00.
--
Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code 0x10 at checkout for 10% off!
Tickets: https://blockworks.co/event/permissionless-iv
--
Follow Carlos: https://x.com/0xcarlosg
Follow Jacob: https://x.com/0xSharples
Follow Marc: https://x.com/marcarjoon
Follow Danny: https://x.com/defi_kay_
Follow Blockworks Research: https://x.com/blockworksres
Subscribe on YouTube: https://bit.ly/3foDS38
Subscribe on Apple: https://apple.co/3SNhUEt
Subscribe on Spotify: https://spoti.fi/3NlP1hA
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh
--
Timestamps:
(0:00) Introduction
(1:34) The Decorrelation Narrative
(6:43) Outlook For Crypto Majors
(10:57) Ethereum's Struggles
(15:27) Ledger Ad
(15:43) Solana's REV Share
(21:21) Diving into the PumpFun Data
(30:31) Ledger Ad
(31:04) Who Owns the End User?
(37:34) Incentivizing User Behavior
(47:15) PumpFun vs Raydium: What's Next?
(52:01) New Opportunities Going Forward
--
Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place
Blockworks Research: https://www.blockworksresearch.com/
Free Daily Newsletter: https://blockworks.co/newsletter
--
Disclaimer: Nothing said on 0xResearch 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. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.
