Why DAT Mania Is Dead And What Comes Next With Haseeb Qureshi
The Rollup24 Okt

Why DAT Mania Is Dead And What Comes Next With Haseeb Qureshi

DAT mania is over and it reveals the fundamental problems with retail speculation and user-generated markets.

In this episode, we sit down with Haseeb Qureshi from Dragonfly to discuss why the DAT craze died, what actually moves markets now, and why user-generated prediction markets will never work at scale.


We discuss:

- Why DAT Mania Is Officially Over

- The Death of Strong TGE Hype

- Bull Market Fatigue & Retail's Money Problem

- ETF Approvals Won't Save Long-Tail Alts

- Polymarket vs Kalshi: Who Wins Sports Betting?

- Why User-Generated Markets Will Never Work

- Monad & Mega: Launching Into Depression


Timestamps

00:00 Intro

00:37 DAT Mania Status Check

02:29 NAV Compression & Market Reality

06:12 Long-Tail ETF Disappointment

09:50 What Actually Moves Markets Now

13:50 Talus Ad, Relay Ad, Hibachi Ad

14:32 Beyond Meat, AI & Hot Money Flows

16:28 Haseeb's Macro Takeaways

19:35 Gold's Weird Rally vs Bitcoin

21:49 Fed Master Accounts Explained

28:26 Stablecoins & Banking Dynamics

31:02 Strong vs Weak TGE Chart Analysis

38:01 Power Law Distribution in Tokens

40:45 Upcoming TGEs: Monad & Mega

41:31 Alvara Ad, Enso Ad

41:55 NHL Prediction Market Wars

44:49 DraftKings Enters the Game

46:41 User-Generated Market Failure


Website: https://therollup.co/

Spotify: https://open.spotify.com/show/1P6ZeYd...

Podcast: https://therollup.co/category/podcast

Follow us on X: https://www.x.com/therollupco

Follow Rob on X: https://www.x.com/robbie_rollup

Follow Andy on X: https://www.x.com/ayyyeandy

Join our TG group: https://t.me/+TsM1CRpWFgk1NGZh

The Rollup Disclosures: https://therollup.co/the-rollup-discl


𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.

Avsnitt(556)

Modular March EP 11: Permissionless Interoperability for the Modular Future

Modular March EP 11: Permissionless Interoperability for the Modular Future

The checkered cross-chain past is something you just had to live through to understand. We tend to think the best have survived and the unfortunate events of 2021-2022 have led to a completely different way of thinking about interoperability security for the modular expansion. In today’s piece Rob & Andy sat down with Jon Kol, CEO of Hyperlane, to understand their design choices around permissionless. At its core, Hyperlane aims to establish an open framework that enables any blockchain to seamlessly connect with others, creating a interoperable ecosystem without long BD queues and permissioned deployments. But, what does this really mean for security and liveness? Rob and Andy asked Jon about their design choices, security modules, mailboxes, and tried to approach this from a realm of “what could go wrong?” and “how well is this system designed?”. Hyperlane has been a leading part of the Modular Expansion (notably, the team coined the term we believe). We expect them to continue this trajectory as they expand into new verticals like yield routes and other innovative interoperability concepts. We really think the permissionless nature of adding new chains and giving optionality for interoperability partners is a key aspect of their design focused around security.

26 Mars 202441min

Modular March EP 10: Endless Modular Application Possibilities with Lagrange

Modular March EP 10: Endless Modular Application Possibilities with Lagrange

A core fundamental primitive of blockchain is the unlocking of usecases which are not possibly in any other type of system. We’ve heard a lot of this and we believe the technology stack is being built as we speak which will facilitate an array of “breakout apps” atop of it. In today's piece, we set out to find out what type technological design constraints are present in the current modular ecosystem as well as the necessary solutions. If you’ve been following us for awhile, you know the Lagrange team from our zkAcademy. If you are newer here, you’re in luck. Andy and Rob sat down with Ismael, co-founder of Lagrange, to learn why zk coprocessors are crucial in enabling offchain computation for data queries and processing tasks that are too intensive for standard smart contracts. By creating a decentralized network for ZK proving and prioritizing access to complex onchain information within the modular ecosystem, Lagrange is playing a crucial role in the modular thesis. Let’s have a great week and continue to push forward as part of Modular March.

25 Mars 202440min

Where Routescan Fits in The Modular Thesis

Where Routescan Fits in The Modular Thesis

One of the core issues we heard about awhile back on our podcast with Jon Kol from Hyperlane was the ‘indexing’ problem of the modular expansion. Essentially, if we are going to exist in a world of 1000s of chains, we’ll also need to have a streamlined process for data. This is where yesterdays post with Lava Network fits in the puzzle (RPCs). Staying on the data tooling pattern, today’s post is an interview from ETHDenver with Jack, the founder of Routescan. Andy and Jack discussed Routescan’s journey over the past few months highlighting the growth of their expanding community with over 50,000 users. They also touched on Jack’s approach to embracing modularity by unlocking new block explorers across appchains, rollup frameworks, and subnets. Enjoy this today’s interview live from ETHDenver and Modular March.

24 Mars 202412min

Where Lava Network Fits in The Modular Thesis

Where Lava Network Fits in The Modular Thesis

Wow. What a day yesterday. Our modular market map absolutely blew up on X. Including in this map, under data tooling, is Lava Network. Lava is modular RPC data access provider for modular chains. Our discussion today is centered around how Lava's modular data access layer is facilitating better connectivity across various blockchain environments. A Remote Procedure Call (RPC), is a vital mechanism for accessing blockchain data. This enables users to perform a wide array of actions, such as checking balances and executing transactions, through effective communication with nodes. The idea here is simple: IF the modular expansion plays out how we think it will, we will have thousands of modular chains which will need RPCs so users can interact onchain. The current solutions are not very extensible and if they are, they lack privacy and/or speed. Lava will take marketshare from the big names of the space who have been monoliths for sometime. Rob sat down at ETHDenver with founders Yair & Gil to discuss where Lava fits in the modular thesis.

23 Mars 202416min

Modular March Episode 9: Dymension Embraces Modularity with RollApp Deployments

Modular March Episode 9: Dymension Embraces Modularity with RollApp Deployments

Dymension was the second massive modular launch following Celestia. Yesterday, the first RollApp on Dymension, NIM Network announced their genesis rolldrop to $DYM stakers, Pudgy Penguins, $PRIME holders and other communities. Of course, we asked Yishay what he thinks of NIM and other RollApps deploying on Dymension. We have been strong believers of Dymension since the middle of last year and brought on Yishay, the founder, to discuss the progress since inception and the evolution of their rollapps. Dymension is taking a phased deployment approach to their technology to focus on stability, liquidity, and seamless interoperability with their eIBC implementation utilizing an intents based interop solution. Yishay spoke on the importance of scaling in a modular fashion by providing their ecosystem RollApps with grants and other support. As we navigate through Dymension’s architectural evolution from “2D to 4D”, we embrace this new modular ecosystem being built part by part. Watch this video for a catchup into the Dymension ecosystem.

23 Mars 202430min

Modular March Episode 8: Modular Appchains-As-Service With Gelato

Modular March Episode 8: Modular Appchains-As-Service With Gelato

The explosion of modular appchains is happening. Head over to Celenium, Celestia’s main block explorer, to see the chains using Celestia for modular DA. These are typically happening through RaaS providers who offer a seamless setup process. Today we are focused Gelato’s approach to modular appchains, and specifically how founder Luis sees similarities in how Web2 & Web3 scale. We learned how Web3 is drawing inspiration from the evolution of web2 infrastructure, and whereby applying the principles of modularity, we can address scaling challenges effectively. Another interesting, yet relatively experimental concept is zero gas appchains. Its a bit confusing to us how this would really work in practice, so we asked Luis about the edge cases and possibilities of spam attacks. He answered quite well. We also dove into the modular framework which Gelato provides for builders, allowing them to be selective in their modular chain design based on the specific usecase at hand. Overall, we enjoyed this presentation and hope you do as well!

23 Mars 202445min

Modular March Episode 7: Chain Abstraction for The Modular Future with Near

Modular March Episode 7: Chain Abstraction for The Modular Future with Near

In a world of 1000s of rollups and chains, the problem to tackle is unification of these otherwise isolated execution environments. In today’s Modular March presentation, we sit down with NEAR founder Illia to take a look at their data availability layer, account aggregation, and chain abstraction toolkit. We ask Illia about the potential of NEAR DA, how sharding really works for the L1, and his plans to grow adoption for the DA solution compared to others on the market. However, what was particularly interesting to us was this idea of account aggregation whereby enabling a single wallet to participate across multiple crypto experience, NEAR is building a better end user experience. Illia went on to illustrate his larger vision for chain abstraction of the modular future and how he sees this playing out in the near future. NEAR will continue to play an important role in connecting the modular expansion at the user facing level, in today’s presentation you’ll learn how they plan to do this.

23 Mars 202453min

Modular March Episode 6: Modular Security with Movement Labs

Modular March Episode 6: Modular Security with Movement Labs

We were speaking to a liquid fund in Denver who just wouldn’t deploy capital into DeFi products on EVM because of the risk of re-entrancy bugs and other exploits. However, what they did mention was they wanted to deploy into Movement’s upcoming L2 and they are actively deployed on Aptos, because of the security of the MOVE programming language. When we heard this, we knew our bullish conviction in Movement since summer of last year was going to pay off. In today’s Modular March presentation we speak with Rushi Manche, co-founder of Movement Labs, and ask him “Why Movement?” like, really, why? He took us through why he’s so bullish on M2, along with the MoveVM. Rushi’s energy and ambition is rooted in addressing some of the most pressing issues facing blockchain adoption today: enhancing security, reducing transaction fees, and creating an open framework for developers to build. Initially created by the minds at Facebook for the Diem project, MOVE programming language stands out for its security and robustness… But, is it really the best tech? As you know, we’ve set out in modular march to not be a shillfest, rather to seek the truth amongst the noise and learn alongside you. We do just that in today’s presentation. Enjoy!

23 Mars 202434min

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