Key insights

• Industry Advancements and Predictions

  • 📊 Predictions related to crypto apps, mobile applications, social and gaming integration, and the impact of regulation on crypto exchanges.
  • 👥 Encouragement for audience engagement and feedback.

• Crypto Infrastructure Valuations and Trading Channels

  • 💹 Crypto infrastructure valuations lacking traditional investment discipline.
  • 🔗 L1 chains serving as distribution channels for application adoption.
  • 📱 Success of Telegram bots in attracting trading volume.

• Skepticism about Cosmos, Liquid Staking, and Infrastructure Projects

  • 🌌 Skepticism about the future of Cosmos due to low trading volume and struggle to attract liquidity.
  • 📈 Hope for improved liquidity with the launch of liquid staking and historical outperformance of infrastructure projects.

• Ethereum's Daily Volume, L2 Solutions, and Challenges

  • 📈 High daily volume of Ethereum and its Layer 2 solutions suggesting potential for L2s to grow.
  • 💰 Ethereum's value increasingly depending on L2s, posing challenges for assessing its worth as an asset.
  • 🔒 Emphasis on rollups for scaling Ethereum and its role as a secure asset.

• Rollups, Ethereum's Value Proposition, and Ethereum's Value Layers

  • 💸 Expectation of rollups spending over $300 million posting data to Ethereum.
  • 🔄 Anticipated shift in Ethereum's value proposition and unbundling of its value layers.

• Projects and Yield in the Crypto Space

  • 🎛️ Iger allowing projects to claim Ethereum alignment without being smart contracts on Ethereum's network.
  • 💰 Yield driving new products and innovation in the crypto space.
  • 🔄 Stablecoin yield sharing expected to disrupt existing models like Tether's.

• Selling Ethereum, Reaking, and High-Quality Infrastructure Products

  • 🔄 Complexity of selling Ethereum as an asset due to its disaggregated value proposition.
  • 🔒 Discussion of reaking facilitated by Ingen Layer and its potential impact on ETH's staking.
  • 📈 Prediction of 10% of all ETH being restaked through Ingen Layer, solidifying its staking and TVL.
  • 🏗️ Emergence of high-quality infrastructure products like espresso systems consolidating Ethereum's position as collateral and high-security asset.

• Market Predictions for 2024 and Ethereum ETFs

  • ⚡ Discussing market predictions for 2024, crypto ETFs, and the future of Ethereum.
  • ❓ Expressing doubts about the success of an ETH ETF due to slow institutional adoption.
  • 💭 Touching on narratives surrounding Ethereum as a digital supercomputer and tech crypto.

Q&A

• What are the predictions for industry advancements in the crypto space?

  The discussion covers predictions related to crypto apps, mobile applications, social and gaming integration, and the likelihood of various industry advancements.

• What are some noteworthy trends in the crypto market's infrastructure and valuation?

  The crypto infrastructure valuations seem overblown with little regard for traditional metrics. L1 chains serve as distribution channels driving application adoption. Telegram bots are gaining traction as trading interfaces, attracting unsophisticated flow and significant volume.

• What challenges might Cosmos face despite its intellectual influence?

  Cosmos is expected to remain intellectually influential but may face challenges with adoption, citing issues such as low trading volume, struggle to attract liquidity, and lack of shared value within the ecosystem.

• Why is Ethereum's worth as an asset challenging to evaluate?

  The daily volume of Ethereum and its Layer 2 solutions (L2s) is substantial, indicating the potential for L2s to gain traction. Ethereum's value is becoming increasingly linked to L2s, posing challenges for evaluating its worth as an asset.

• What is the expectation regarding rollups and Ethereum's value proposition?

  There is a prediction about the rise of rollups, the shift in Ethereum's value proposition, and the unbundling of Ethereum's value layers.

• How do projects claim Ethereum alignment without being a smart contract on Ethereum's network?

  The use of Iger allows projects to claim Ethereum alignment without being a smart contract on Ethereum's network.

• What is reaking, and how does it impact Ethereum's staking?

  Reaking, facilitated by Ingen Layer, allows stakers to provide security for new crypto services and earn yield, but it poses significant security risks. The prediction suggests that 10% of all ETH will be restaked by Ingen Layer, leading to an increase in its staking and TVL.

• Why is selling Ethereum as an asset considered complex?

  The discussion covers the complexity of selling Ethereum (ETH) as an asset due to the disaggregation of its value proposition, the comparison with Bitcoin as a macro asset, and the potential impact of reaking on ETH's staking.

• What are the market predictions for 2024 with regards to crypto ETFs and Ethereum?

  The hosts discuss market predictions for 2024, including the potential for crypto ETFs and the future of Ethereum. They express doubts about the success of an ETH ETF and emphasize the slow adoption process by institutional investors.

• 00:00 The hosts discuss market predictions for 2024, including the potential for crypto ETFs and the future of Ethereum. They express doubts about the success of an ETH ETF and emphasize the slow adoption process by institutional investors. The conversation also touches on the narratives surrounding Ethereum as a digital supercomputer and Tech crypto.
• 06:26 The discussion covers the complexity of selling Ethereum (ETH) as an asset due to the disaggregation of its value proposition, the comparison with Bitcoin as a macro asset, and the potential impact of reaking on ETH's staking. Reaking, facilitated by Ingen Layer, allows stakers to provide security for new crypto services and earn yield, but it poses significant security risks. The prediction suggests that 10% of all ETH will be restaked by Ingen Layer, leading to an increase in its staking and TVL. The emergence of high-quality infrastructure products like espresso systems further consolidates Ethereum's position as collateral and high-security asset.
• 12:52 The use of Iger allows projects to claim Ethereum alignment without being a smart contract on Ethereum's network. Yield will continue to be a major driver for new products and innovation in the crypto space. Projects like Athena are creatively generating high yields using market forces. Stablecoin yield sharing is expected to become more common, potentially disrupting existing models like Tether's.
• 19:32 A prediction about the rise of rollups, the shift in Ethereum's value proposition, and the unbundling of Ethereum's value layers.
• 26:09 The daily volume of Ethereum and its Layer 2 solutions (L2s) is substantial, indicating the potential for L2s to gain traction. Ethereum's value is becoming increasingly linked to L2s, posing challenges for evaluating its worth as an asset. Rollups are seen as pivotal for scaling Ethereum, and its role as a secure asset is emphasized. Bitcoin's lack of programmability and development challenges maintain Ethereum's position as programmable money. Cosmos is expected to remain intellectually influential but may face challenges with adoption.
• 32:48 The speaker is skeptical about the future of Cosmos, citing issues such as low trading volume, struggle to attract liquidity, and lack of shared value within the ecosystem. They express hope for improvements with the launch of liquid staking and note the historical outperformance of infrastructure projects compared to applications in the crypto market.
• 39:20 The crypto infrastructure valuations seem overblown with little regard for traditional metrics. L1 chains serve as distribution channels driving application adoption. Telegram bots are gaining traction as trading interfaces, attracting unsophisticated flow and significant volume.
• 45:20 The discussion covers predictions related to crypto apps, mobile applications, social and gaming integration, and the likelihood of various industry advancements.