The Hivemind - The End of the L1 Premium? Hype, Venice & The Future of Crypto

Crypto is becoming a stock picker’s market and the biggest winners may not even look like traditional crypto anymore.

This week on The Hivemind, the team breaks down Hyperliquid’s continued dominance, Venice AI’s explosive growth, the collapse of the L1 premium thesis, and why attention and capital are increasingly flowing toward AI, robotics, defense tech, and private markets. They also debate whether crypto is still the most exciting opportunity set in the world or if the industry is entering a new phase entirely.