Ethena's L1 Shows Fat Apps Are on the Rise. Can They Beat Fat Protocols? - Ep. 804
Unchained21 Mar 2025

Ethena's L1 Shows Fat Apps Are on the Rise. Can They Beat Fat Protocols? - Ep. 804

Blockchains were supposed to capture the majority of the value in crypto. But what if that’s wrong? For years, the Fat Protocols Thesis argued that blockchains would be the biggest winners. But new data suggests that apps like Uniswap, Ethena, and others are now out-earning many networks. Are we watching the rise of “Fat Apps” instead? On this episode, Ryan Watkins, Co-founder at Syncracy Capital, talks about: Why the biggest apps are generating more revenue than many layer 1s Why Ethena is launching its own blockchain What this means for Ethereum, Solana & other L1s How blockchains can compete on value capture Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! BitKey: Use code UNCHAINED for 20% off FalconX Mantle Guest Ryan Watkins, Co-founder at Syncracy Capital Links Unchained: Ethena Labs and Securitize to Launch New EVM Blockchain for DeFi Syncracy Capital: Applications Capture Fees, Blockchains Store Value Hansolar’s tweet Pump.fun launches its own DEX Timestamps: 👋0:00 Intro 💰 2:12 Why apps are out-earning the blockchains they run on 🔗 5:44 Ethena’s move: why it’s launching its own chain 📈 8:33 The rise of “Fat Apps” and what it means for crypto 🚀 12:50 How today’s crypto founders think differently from past builders 🏆 15:51 The blockchain architectures that will dominate ⚖️ 22:32 Whether L1s can compete in this new environment 📊 241:27 How blockchains accrue value and why MEV isn’t the best metric 📰 31:00 News Recap Learn more about your ad choices. Visit megaphone.fm/adchoices

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1150)

Arbitrum Froze $70M From North Korea? Griff Green on the Decision + Miguel Morel on the Hack

Arbitrum Froze $70M From North Korea? Griff Green on the Decision + Miguel Morel on the Hack

KelpDAO’s hackers left telltale signs pointing to one culprit, North Korea. Then, in a surprise move, the Arbitrum Security Council decided to fight back. ============================================...

26 Apr 1h 7min

Did Arbitrum Violate DRPK's Property Rights? No, Because It Wasn't Their Property

Did Arbitrum Violate DRPK's Property Rights? No, Because It Wasn't Their Property

The $300M KelpDAO exploit became a watershed moment for DeFi, and the Arbitrum Security Council voted froze $70M worth of stolen funds. Is this a slippery slope or learning from history? Thank you...

24 Apr 1h 20min

DEX in the City: KelpDAO vs. LayerZero: Who Is Liable When a DeFi Protocol Is Hacked?

DEX in the City: KelpDAO vs. LayerZero: Who Is Liable When a DeFi Protocol Is Hacked?

A $300M bridge exploit is forcing the question DeFi has been avoiding: when users lose money, who is actually responsible — the protocol, the infrastructure provider, or both? Thanks to our sponsor...

24 Apr 47min

The Chopping Block: Kelp DAO Hack Fallout, DeFi Socialized Losses & Arbitrum’s “Reverse Hack”

The Chopping Block: Kelp DAO Hack Fallout, DeFi Socialized Losses & Arbitrum’s “Reverse Hack”

The Chopping Block crew and guest Monet Supply break down the $200M Kelp DAO bridge exploit, finger-pointing between LayerZero, Kelp DAO, and Aave, the wild “reverse hack” Arbitrum bailout, and what i...

23 Apr 1h 1min

Is Canton Permissionless? CEO Says Yes, but SuperValidators Need Approval

Is Canton Permissionless? CEO Says Yes, but SuperValidators Need Approval

Digital Asset’s CEO faces pointed questions about Canton’s core claims and admits something surprising about the network’s architecture. ======================================================== As B...

22 Apr 1h 26min

Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem.

Strategy's Preferred Stock Is Now a Stablecoin. And DeFi Has a Security Problem.

The $290 million Kelp DAO hack, attributed to North Korea's Lazarus Group, has DeFi TVL down $13 billion in 48 hours. Do DeFi's foundational assumptions need to change? --- Heads up! If you haven’t...

22 Apr 1h

Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin

Bits + Bips: Why Josh Lim Is Optimistic on the Dynamics He's Seeing in Bitcoin

Bitcoin's spot-led rally looks healthy on the surface. But derivatives say conviction is thin. Josh Lim from FalconX on what the market structure is actually telling you right now. --- Thank you to ...

19 Apr 44min

The Chopping Block: Quantum FUD, Circle vs. Tether & WLFI Drama

The Chopping Block: Quantum FUD, Circle vs. Tether & WLFI Drama

Quantum computing risk, USDC vs. Tether drama after the Drift hack, and World Liberty Financial’s governance circus take center stage as Haseeb, Tom, Tarun, and special guest Joshua Lim dissect market...

19 Apr 1h 20min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
stopp-verden
aftenpodden-usa
popradet
fotballpodden-2
dine-penger-pengeradet
rss-gukild-johaug
lydartikler-fra-aftenposten
det-store-bildet
nokon-ma-ga
hanna-de-heldige
rss-ness
e24-podden
rss-espen-lee-usensurert
aftenbla-bla
grasoner-den-nye-kalde-krigen
rss-utenrikskomiteen-med-bogen-og-grasvik
frokostshowet-pa-p5