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Let It Happen - Market Update 5/4/2025
<span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span> As promised – yet another market update video....
1 Min
Macro & Markets
May 2025
Death by Design – The Fate of Ethereum
...crypto long enough, you’re likely familiar with the “ETH-killer” meme – alt L1s claiming to overtake Ethereum...The irony is that indeed, no alt-L1 has come close to replicating the same network-effects as Ethereum...leave due to constrained DA capacity, what source of value will Ethereum have left? ...on Ethereum.
7 Min
Layer 1 / L1
May 2025
Tariff Tantrums - Market Update 4/9/2025
We will be hosting a live stream at 2:30pm EST today (Wed, April 9th). We will go around the table discussing the ongoing tariff situation enveloping the global macroeconomic landscape in the afterma...
1 Min
Macro & Markets
Apr 2025
Beyond Latency: Solana, Ethereum and Hyperliquid  Competing on a New Front
Solana is doing it via MCP, TEE’s help with same for Ethereum blockbuilders (via Buildernet) and L2...
4 Min
DeFi
May 2025
Livin' On A Prayer? - Market Update 4/6/2025
As promised – yet another market update video as the dust begins to settle in the aftermath of “Liberation Day”. It certainly promises to be a big week. If you have any questions, please comment bel...
3 Min
Macro & Markets
Apr 2025
MON Protocol - Primed for IP Expansion
...be confirmed), all in-game payments would unlock discounts when using the token on an external web page...been well received overall, the current build remains incredibly unstable and likely needs another 2-4...In this context, the Conversion Rate (CR) measures the ratio of users who land on the Playstore page...
16 Min
Gaming
Apr 2025
Some thoughts on blobs, Ethereum, and altDA
If you think about it, no rollup launched recently (Eclipse, Megaeth, Abstract) has planned to use Ethereum...Ethereum will always lag behind DA demand compared to others....If they increase blobs at the same rate they’ve increased the gas limit (flat for ~4 years), then we’...and using all Eth DA we can do 5k TPS currently (more if Ethereum opened up).
2 Min
Layer 1 / L1
Feb 2025
Is Ethereum FUD at Its Peak?
Ethereum 2.0’s upgrade. ...that Ethereum increased the gas limit....Ethereum L1 hasn’t increased block gas limits since 4 years ago....~90% of Ethereum blocks, and three relays....activity than the Ethereum L1 can handle.
15 Min
Layer 1 / L1
Jan 2025
Programmable Asset Ledgers Will Eat The World
As long as an asset has a CUSIP everyone is able to operate on the same page....dedicated piece a few months ago: https://t.co/uUg8G3zLdB — Robbie Petersen (@robbiepetersen_) December 4,...Thesis #4: Stablecoins and Global Payments In 2023, global GDP was ~$100T.
25 Min
DeFi
Mar 2025
Celestia's Roadmap: $TIA Time, or is DA a Commodity?
If they increase blobs at the same rate they’ve increased the gas limit (flat for ~4 years), then they...are plenty of precedents: BASE, still in stage 0, manages >$3B TVL  Hyperliquid operates on a 3/4...Assumptions: Cost of capital: 3.5x return in 4 years P/S exit multiple: 15x-20x (reasonable for growth...
47 Min
Layer 1 / L1
Apr 2025
An Ode To Bitcoin
10 largest crypto assets (Dec. 2018) In other words, we thought it was the perfect time to drop a 60-page...It’s more akin to a commodity than Ethereum, Solana, and most other crypto assets, which are more technology-like...
12 Min
Other
Dec 2024
ZKsync & The Elastic Network Endgame
While a sequencer running on Ethereum uses the EVM to execute code securely across all Ethereum nodes...Both allocations are subject to a 4 year unlock period (June 2024 – June 2028) with a one year cliff....Decentralized Proving ZKsync has the definitive goal to decentralize its prover network over 4 phases...
39 Min
Infrastructure
Jan 2025
The Fat App Thesis: An Inflection Point in Value Accrual
However, that doesn’t quite seem to be the case with Ethereum....Death by Design – The Fate of Ethereum I know I’ve been picking on Ethereum constantly, but as one of...up with this demand. cc @MaxResnick1 @DavideCrapis since… — jesse.base.eth (@jessepollak) September 4,...on Ethereum....Take a look at the Ethereum community.
43 Min
Layer 1 / L1
Apr 2025
Initia: Fulfilling The Appchain Vision
Ethereum rollups built with the OP Stack are constrained by Ethereum blobs for DA, thus limiting their...MEV extraction in Ethereum rollups is another issue....DA Layer Uses Celestia for 10k+ TPS Limited to Ethereum blobs  Limited to Ethereum blobs  Interoperability...Users will be able to lock INIT for a max of 4 years. ...
31 Min
Layer 1 / L1
Feb 2025
EVM Wars: Between Giga Gas and Giga Gimmicks
Ethereum is slowly but progressively increasing the L1 gas limit....We have 4 rollups taking up over 85% of the blob space....What about Ethereum as a DA layer?...Not to say that Ethereum will be disrupted immediately....Most of the dominant EVM chains are rollups that use Ethereum as DA.
13 Min
Layer 1 / L1
Mar 2025
DeAI’s Path Forward: Trust & Efficiency
OpenAI-MRCR (4/14/25): Originally introduced by Deepmind, this eval measures how accurately models retrieve...GPT-4, for example, leaks sensitive personal contact info in about 14% of harmless, privacy-focused prompts...% privacy leaks failures The image below (from the DecodingTrust research paper) demonstrates GPT-4’...
22 Min
AI
May 2025
Delphi Daily - 7th May 2025
The 212-page proposal includes disclosure requirements, self-custody rights, and consumer protections...Senate. https://www.dlnews.com/articles/regulation/house-republicans-unveil-crypto-market-structure-bill Ethereum...
4 Min
Other
May 2025
The Year Ahead for DeFi 2025
PayPal and Coinbase also offer native yield of 4-5% for idle cash....cards are able to mitigate security concerns and work as advertised, we likely see the birth of Gen 4...Therefore, additional UX wrappers are necessary for both Gen 3 and Gen 4 to truly unlock the next level...work, originate on Ethereum or its L2s.
72 Min
DeFi
Dec 2024
MegaETH: Performance to Compete With TradFi
...allows these institutions to make trades is an important ingredient for a smart contract platform. 4/...The difference between disk and RAM access is 3-4 orders of magnitude, which directly translates to reduced...First, the sequencers must post bonds on Ethereum, incentivizing against malicious behavior....Let’s continue making Ethereum DA strong and competitive.
21 Min
Layer 2 / L2
Jan 2025
Yapster: Sleeping Giant of the Internet Capital Markets Meta?
Coingecko has released a Believeapp ecosystem page, and the insightful ICM explainer from @ahboyash offers...$YAPSTER has no real utility or value accrual, but it is the pinned tweet on the Yapster page, suggesting...
5 Min
DeFi
May 2025