Plasma's Successful Launch, Revenue Over TVL & the Future of Pump.fun - Ep. 910
Unchained26 Sep 2025

Plasma's Successful Launch, Revenue Over TVL & the Future of Pump.fun - Ep. 910

How do stablecoin-first blockchains win distribution? Does TVL actually map to value? And why speculation may become the default language of online culture. In this 3-part episode, we explore three different important stories. Segment 1: CoinFund’s Seth Ginns explains how newly launched stablecoin chain Plasma aims to compete, plus why the “stablecoin race” with Circle and Stripe is just beginning. Segment 2: Solana Foundation president Lily Liu lays out why revenue—not TVL—should be crypto’s north-star metric, whether TVL can be easily gamed, and what a better DeFi metric stack looks like. Segment 3: Figment Capital’s James Parillo makes the case for Pump.fun and “AudienceFi”: how creator coins can financialize streaming, whether token collapses are a feature, and why both perps and memecoins rhyme with gambling. Thank you to our sponsors! TOKEN2049 - Get 15% off with code UNCHAINED Binance Guests: James Parillo, General Partner at Figment Capital Lily Liu, President of Solana Foundation Seth Ginns, Managing Partner and Head of Liquid Investments at CoinFund Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(1088)

Why Every Company Will Have a Stablecoin — and Why One L2 Isn’t Enough - Ep. 912

Why Every Company Will Have a Stablecoin — and Why One L2 Isn’t Enough - Ep. 912

This week on Unchained, we’ve got a double-header. First, Zach Abrams, CEO of Bridge (acquired by Stripe), unveils Open Issuance, a platform designed to let any company launch its own stablecoin. He ...

1 Okt 20251h 32min

Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Bits + Bips: Where Is the Most Wealth to Be Made in Crypto: DeFi or CeFi? - Ep. 913

Crypto’s bull run may be far from over, but the battleground is shifting.  On this week’s Bits + Bips, Bill Barhydt of Abra and Robert Leshner of Superstate join Ram Ahluwalia and Steven Ehrlich to d...

1 Okt 20251h 5min

The Chopping Block: Perp Wars & Stablecoin Battles: Hyperliquid, Aster, Tether - Ep. 911

The Chopping Block: Perp Wars & Stablecoin Battles: Hyperliquid, Aster, Tether - Ep. 911

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, we’re joined by Farooq Malik, co-f...

26 Sep 20251h 2min

Why Hyperliquid Should Cut Its Total Token Supply Nearly in Half - Ep. 909

Why Hyperliquid Should Cut Its Total Token Supply Nearly in Half - Ep. 909

Crypto investors love to throw around “FDV” as if it’s the ultimate measure of value. But what if that number is more misleading than helpful?  In this episode, DBA’s Jon Charbonneau explains his pro...

24 Sep 202536min

Bits + Bips: How Wall Street Could Make a Killing off the Next Crypto Winter - Ep. 908

Bits + Bips: How Wall Street Could Make a Killing off the Next Crypto Winter - Ep. 908

Markets had a flood of liquidations on Monday, and traders lost over $1.5 billion in positions. So, why are liquidations spiking? Is this a warning or a blip?  Also, could a flood of DAT issuance be ...

23 Sep 20251h 1min

Debate: Should Stablecoin Chains Have an Ethereum L2 or Their Own L1? - Ep. 907

Debate: Should Stablecoin Chains Have an Ethereum L2 or Their Own L1? - Ep. 907

In this episode, Cyber Capital’s Justin Bons and Codex’s Haonan Li challenge the new orthodoxy: whether payments chains should be alt L1s or Ethereum L2s, how “neutrality” and finality matter for real...

19 Sep 20251h 25min

The Chopping Block: Stablecoin-as-a-Service: The Next Big Crypto Gold Rush? - Ep. 906

The Chopping Block: Stablecoin-as-a-Service: The Next Big Crypto Gold Rush? - Ep. 906

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest in crypto. This week, we’re joined by Gordon Liao, Chief...

18 Sep 20251h

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