Shows
Messari's Unqualified OpinionsConsumer Crypto 2026: Prediction Markets, Wallet Wars & the Next Speculative Cycle | Fully DilutedPrediction markets may be the first real breakout product for consumer crypto—and they’re only getting started.In this episode of Messari’s 2026 Theses consumer series, we’re joined by Tulip King and Baba, two former Messari analysts, to unpack where consumer crypto actually goes next. The conversation spans prediction markets as base infrastructure, why memecoins and NFTs needed a reset, how wallets become the new distribution layer, and whether crypto social finally has a real unlock.We connect these themes directly to Messari’s newly published 2026 Crypto Theses, ex...
2025-12-3152 minMessari's Unqualified OpinionsTheses 2026 on DeFi: Perps & Equity Perps, Prediction Markets, Stablecoin Yield w/ Messari AlumniPerps are leveling up from a crypto-native niche into a global trading primitive—and equity perps may be the breakout narrative of 2026. In this year-in-review episode of Messari: Unqualified Opinions, Messari Research Analysts Sam and Qorban are joined by Messari alumni Sunny and Kunal to unpack 2025’s biggest DeFi themes: Hyperliquid’s rise, the equity perp inflection, the maturation (and looming skepticism) around prediction markets, how political markets could evolve, and why yield-bearing stablecoins may accelerate as rates compress.This conversation connects directly to Messari’s newly published 2026 Crypto Theses r...
2025-12-2249 minMessari's Unqualified OpinionsTheses 2026: Crypto x AI – Why BitTensor Could Be the “Bitcoin of Open AI Competition” | Fully Diluted with Messari ResearchIn this episode, Dylan, Sami and Seth break down why crypto + AI isn’t just a moral counterweight to Big Tech—it’s a faster innovation engine. They explain how BitTensor’s subnet model turns AI development into an open, incentive-driven competition (similar to how Bitcoin relentlessly optimized SHA-256), and why 2025’s biggest shifts—open-source catching up, reinforcement learning’s rise, and massive data center capex—set the stage for decentralized AI to find real product-market fit. The conversation also digs into value accrual, why buybacks can be a trap, and which crypto-AI sectors could surprise people in 2026 (agents, privacy, robotic...
2025-12-2245 minMessari's Unqualified OpinionsTheses 2026: Crypto x AI – Why BitTensor Could Be the “Bitcoin of Open AI Competition” | Fully Diluted with Messari ResearchIn this episode, Sami and Seth break down why crypto + AI isn’t just a moral counterweight to Big Tech—it’s a faster innovation engine. They explain how BitTensor’s subnet model turns AI development into an open, incentive-driven competition (similar to how Bitcoin relentlessly optimized SHA-256), and why 2025’s biggest shifts—open-source catching up, reinforcement learning’s rise, and massive data center capex—set the stage for decentralized AI to find real product-market fit. The conversation also digs into value accrual, why buybacks can be a trap, and which crypto-AI sectors could surprise people in 2026 (agents, privacy, robotics, and GP...
2025-12-1945 minMessari's Unqualified OpinionsTheses 2026: Ethereum, L2s, and the Battle for the Everything Exchange | Messari's Fully DilutedMessari’s Theses 2026 multi-chain roundtable breaks down who’s really winning the L1 / L2 wars and what that means for the next cycle.The Enterprise team dives into:- How Ethereum clawed back from peak despair in 2025- Why Arbitrum and Base are pulling away from the L2 pack- What a Robinhood L2 could mean for every existing rollup- MegaETH’s token + native stablecoin experiments- Jeremy’s new Disruption Factor framework for ranking L2s- Solana’s push to become...
2025-12-1852 minMessari's Unqualified OpinionsState of Crypto 2026: Winners, Losers, and Big Bets for the Next Cycle | Messari's Fully DilutedIn this episode of the Messari Thesis Podcast, the Enterprise research team recaps the wild year that was 2025 and lays out their highest-conviction bets for 2026. We dig into why Bitcoin has clearly separated from the rest of the market, how Hyperliquid and a handful of standout apps stole the spotlight, and why long-tail L1s are running out of room. The team debates whether institutions really break the four-year cycle, how the stablecoin and yield meta evolves as rates fall, and where DeFi banks, RWAs, and prediction markets actually fit.
2025-12-1745 minMessari's Unqualified OpinionsState of Crypto AI, Monad & L1s: Where We Really Are in the Cycle | Messari's Fully DilutedHow much of “crypto AI” is still just narrative—and how much is finally real?In this episode, Messari’s Enterprise team unpacks findings from Messari’s newly released State of AI Report and what they mean for decentralized AI, infra, and the broader market. Chris walks through why post-training, reinforcement learning, and test-time compute are pushing us into a new decentralized AI paradigm, from swarm-style inference networks like 42 Network to open source models that are finally seeing real, paid demand.Read the Full State of AI 2025 for FREE: https://me...
2025-12-0858 minMessari's Unqualified OpinionsSwarm Intelligence & Crypto AI: Inside Fortytwo’s Decentralized Inference Network | Fully DilutedWhat if the smartest AI didn’t live in a hyperscale data center—but across millions of everyday devices?In this episode, Chris Davis sits down with Ivan Nikitin, co-founder of Fortytwo, an AI network built on crypto rails that turns idle consumer hardware into a global swarm of specialized models. After a decade in traditional AI—training agents, conversational systems, and even a spatial reasoning foundation model—Ivan hit the hard wall of AI scalability: not enough compute, endlessly bigger data centers, and no sustainable path forward.Fortytwo flips th...
2025-12-0557 minMessari's Unqualified OpinionsCrypto as Capital Formation: DePIN, AI & Zero-Employee Orgs With Multicoin | Messari's Fully DilutedIn this episode, Messari's Chris Davis sits down with Shayon Sengupta, Partner at Multicoin Capital, to unpack how crypto-native markets are reshaping everything from wireless networks and AI compute to data collection and talent markets. They trace the lineage from Bitcoin mining to Helium and today’s DePIN / “internet labor markets,” dig into why verification is the hardest (and most under-rated) problem, and explore how crypto can fund the massive resource aggregation AI requires.We also connect these themes to insights from Messari’s newly released State of AI 2025 report...
2025-12-0358 minMessari's Unqualified OpinionsRewiring Crypto: How DoubleZero Builds a High-Speed Network for Solana & Beyond | Fully Diluted w/ Messari ResearchThe public internet wasn’t built for high-performance blockchains.In this episode of Fully Diluted, Messari’s Dylan Bane and Matthew Nay sit down with Austin Federa, co-founder of DoubleZero, to unpack how a global mesh of privately contributed fiber links is becoming the low-latency “private internet” for Solana and other high-throughput chains.Austin explains why 20–30 hops over the public internet introduce jitter, slow block propagation, and widen trading spreads—and how DoubleZero’s 70+ fiber links, multicast, and future FPGA acceleration aim to fix it. They also get into the 2Z token, DZ SOL liquid staking...
2025-11-2032 minMessari's Unqualified OpinionsMonad Mainnet Is Here: The Fastest EVM Chain Goes Live | Fully Diluted with Messari ResearchMonad is gearing up for one of crypto’s most anticipated launches — a high-speed, censorship-resistant L1 built to merge scalability with true decentralization. In this episode of Fully Diluted, Dylan Bane and Matthew Nay sit down with Monad’s Kevin and Jack to discuss the tech behind Monad’s 10,000 TPS architecture, how decentralization fits into the next phase of crypto, and what users can expect from day one of mainnet.We cover the team’s origin story, the challenges of building from zero to a thriving ecosystem, and why Monad beli...
2025-11-1048 minMessari's Unqualified OpinionsCan You Launch a New Telco in 2025? Dabba’s Plan to Connect India via Can You Launch a New Telco in 2025? Dabba’s Plan to Connect India via DePIN | Messari PodcastMessari CTO Diran Lee sits down with Karam Lakshman, CEO & co-founder of Dabba, to unpack how a DePIN marketplace, local cable operators, and crypto incentives could build a new Telco in the world’s toughest market—India. We cover broadband vs. mobile realities, Dabba’s business model and token system, the choice of Solana & BONK, incentives, and the growth roadmap.0:00 Introductions 1:33 Tech Journey 7:04 Internet in India 13:29 Business Model 21:17 Token System 24:46 Solana & BONK Choice 26:34 Incentives & Vision 31:12 Future Growth 32:07 Conclusion
2025-10-3032 minMessari's Unqualified OpinionsETH’s Q3 Surge: DATs Grab 3.8% of Supply, ETH ETFs Outpace BTC | Fully Diluted with Messari ResearchQ3 was ETH’s quarter. Messari Research digs into why ETH ETFs saw more inflows than BTC, how ETH-focused DATs amassed ~3.8% of ETH supply in one quarter, and what MNAV convergence means for future buy pressure. We also cover stablecoin growth (and USDe’s breakout), the slow-but-real maturation of tokenized equities/commodities, the rise of “corporate chains” (Stripe/Tempo, Circle/Arc, JPMorgan/Kinexys, Google Cloud), and the debate around next-gen EVMs (Monad, MegaETH). We wrap with Internet Capital Markets (ICM) / launchpad wars and what we’re doing on-chain.00:47 — Introductions02:09 — ETF Market Updates 05:33 — M...
2025-10-2452 minMessari's Unqualified OpinionsHelius on Privacy’s Next Wave: Zcash, Solana, & Future of Onchain Markets | Fully Diluted with Messari ResearchIn this episode of Fully Diluted, Messari’s Dylan Bane and the Messari Research team sit down with Mert Mumtaz, Co-founder and CEO of Helius, to unpack the evolving privacy landscape in crypto. They dive deep into Zcash’s resurgence, Solana’s growing DeFi ecosystem, and the regulatory and technical hurdles shaping the next generation of privacy-preserving systems.Mert discusses why privacy is fundamental to crypto’s future, how advancements in ZK proofs, FHE, and MPC are transforming usability, and why regulation may finally be catching up to innovation. The group also explores Solana’s momentum...
2025-10-2343 minMessari's Unqualified OpinionsRobots With Wallets: OpenMind’s Vision for Physical AI & On-Chain Coordination | Fully Diluted with Messari ResearchOn this episode of Fully Diluted, Messari’s Dylan Bane and Chris Davis sit down with Yan, founder/CEO of OpenMind (and Stanford engineering professor on sabbatical), to unpack the near-future of physical AI—LLMs embodied in robots that can navigate homes, talk, learn, and even pay for services.00:00 – Introductions01:58 – Robotics & AIState of robotics, near-term use cases (security checks, eldercare prompts, math tutoring), why start with quadrupeds vs. humanoids, form-factor tradeoffs and safety/insurance.19:05 – Data & SecurityReal-world deployment frictions (liability, public perception, unions) and deep dive on pr...
2025-10-1658 minMessari's Unqualified OpinionsStablecoin Neobanks, Perp Wars & Double Zero | Fully Diluted with Messari ResearchIn this Episode, Messari's Enterprise team digs into three hot threads: why stablecoins are the best onramp for mainstream users, whether on-chain neobanks can beat custodial fintech, and the latest in the Perp Wars (Hyperliquid vs. Aster/Lighter). We close with Double Zero’s launch, token design debates, and what it means for high-speed crypto networks.0:00 – Introductions1:24 – Plasma & XPL Launch3:45 – Self-Custody & Web3 UX20:27 – Aster & BNB Ecosystem28:02 – Perp Market Share Outlook30:48 – Double Zero & Tokenomics41:15 – On-Chain Activity (What We’re Doing)44:20 – ConclusionHosted b...
2025-10-0944 minMessari's Unqualified OpinionsInjective: The Finance L1 — MEV-Resistant, Pre-IPO Perps, EVM | Fully Diluted with Messari ResearchInjective CEO Eric Chen joins Messari’s Dylan Bane on Fully Diluted to unpack a finance-first Layer-1 built for performance and markets. Injective is a Cosmos SDK chain with instant finality (~25k TPS) and MEV-resistant orderbook/financial modules that power apps like Helix. We cover permissionless market creation (including pre-IPO perpetuals for OpenAI, SpaceX, Stripe via Theta pricing), the multi-VM roadmap with a new EVM environment and exchange precompiles, wallet abstraction and LayerZero bridging, and how RWAs show up on Injective (Pineapple Financial’s on-chain mortgages and a proposed staked INJ ETF). The theme: breadth of offerings, dist...
2025-10-0834 minMessari's Unqualified OpinionsBotanix: The Bitcoin L2 Paying Native BTC Yield | Fully Diluted with Messari ResearchBotanix co-founders Willem Schroé and Alisia Painter join Messari's Dylan Bane on Fully Diluted to unpack a Bitcoin Layer-2 built for real finance. Botanix is a proof-of-stake Bitcoin L2 where 50% of gas fees flow to stakers via STBTC—a liquid, up-only, native Bitcoin yield backed by on-chain economic activity (not points or new tokens). We cover how users bridge BTC → Botanix → stake → earn, instant peg-outs, and why the team’s Spiderchain design prioritizes decentralization and censorship resistance (federation today, dynafed next, more than 1,000 nodes over time).We also dive into catalysts for BitcoinFi adoption (monetary incentives + trusted apps), BTC-backed stablecoins...
2025-09-1743 minMessari's Unqualified OpinionsExotic RWAs & the New Crypto Frontier | Fully Diluted with Messari ResearchThis week, the Messari Enterprise team digs into the next big unlocks and headwinds across crypto:🔹 Exotic RWAs (Pokémon cards, watches, wine): why tokenizing non-financial collectibles finally improves UX (instant settlement, lower trust frictions) and could onboard normies.🔹 Macro setup: weak jobs, CPI/PPI ahead, gold ripping, and why a surprise 50 bps cut isn’t crazy — plus what that means for BTC, SOL, and funding conditions.🔹 Solana DATs & flows: Galaxy/Jump/Multicoin’s $1.65B vehicle, what’s actually bullish (cash vs. locked), and realistic expectations for SOL vs. ETH.🔹 Pump.fun bu...
2025-09-121h 10Messari's Unqualified OpinionsStill Early: Crypto Venture After Hype With Framework | Fully Diluted with Messari ResearchVC Brandon Potts (Framework Ventures) joins Fully Diluted to cut through the noise on crypto venture right now. We cover why “let the token rip” is a dead-end playbook, where real demand and distribution come from, and why the next wave looks like application-specific infrastructure, stablecoins at scale, and energy/DePIN feeding AI—not generic infra or meme “vibe-coded” apps.What we cover🔹 Why most CT hot takes are wrong & why we’re still early🔹 The new bar for founders: demand, distribution, revenue (not pre-launch tokens)🔹 Application-specific infra (e.g., Hyperliquid, Pl...
2025-09-0351 minMessari's Unqualified OpinionsHelium Revenue Burn, Fed Pivot, and Prediction Markets | Fully Diluted with Messari ResearchIn this week's episode, the Messari Enterprise team covers a loaded agenda:🔹 Helium Mobile’s move to burn 100% of revenue in HNT🔹 Fed pivot sparks a rally in ETH and TradFi equities🔹 Capital rotation across majors, altcoins, and onchain flows🔹 Hyperliquid smashes volume records and cements its spot as a top onchain venue🔹 Prediction markets (Flipper, Polymarket, KHI) gaining new traction🔹 Bio Protocol’s flywheel and the future of DeSci funding00:53 Introductions1:53 Market Outlook3:34 On-Chain Flows14:44 Hyper EVM17:34 Prediction Mar...
2025-08-2754 minMessari's Unqualified OpinionsChainlink’s Future: Tokenization & Institutional Adoption | Unqualified Opinions by Messari ResearchIn this episode of Unqualified Opinions, Messari’s Whynonah sits down with Johann Eid , Chief Business Officer at Chainlink, to explore the evolution of Chainlink from solving the oracle problem to becoming a cornerstone of institutional blockchain adoption.Johann shares personal insights on the importance of focus in building within crypto, lessons from Aave’s journey to product-market fit, and why tokenization and interoperability are the key drivers of the next wave of adoption.Key topics covered:🔹 Why focus beats distraction in an ultra-competitive market🔹 The format...
2025-08-2026 minMessari's Unqualified OpinionsEthereum’s Surge, Institutional Buying & DeFi Impact | Fully Diluted with Messari ResearchEthereum is up over 45% this month, outpacing every major asset — but what’s fueling this explosive move? In this episode, Matthew Nay and the Messari Enterprise team break down the drivers behind ETH’s outperformance, the institutional treasury race between Bitmine and ESB, and how these moves could reshape DeFi markets.We also dive into macro market conditions, CPI expectations, the surprising reception to GPT-5, ETH DeFi fundamentals, the Solana vs ETH narrative battle, and the breakout performance of projects like Zora and Succinct. Plus, we cover on-chain trends, perps, restaking, and why SocialFi may be...
2025-08-1355 minMessari's Unqualified Opinions$3.7T Stablecoins? Treasury’s Bet & Pump.Fun’s Fall | Fully Diluted with Messari Research💡 Ask Messari Copilot: How will stablecoins reshape global finance if Treasury demand and TradFi adoption continue accelerating?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoin-future-79313968-8b6e-4ae5-b1cf-2fa779c6f098In Episode 10 of Shoot the Pod, the Messari Enterprise team breaks down a jam-packed week across crypto markets, TradFi trends, and frontier tech. We dive into Scott Bessant's bold prediction of a $3.7 trillion stablecoin market, the U.S. Treasury's surprisingly bullish stance, and how stablecoins might be used to backstop U.S. deficits....
2025-07-301h 12Messari's Unqualified OpinionsStablecoins Are Changing Global Payments – Artemis' Anthony Yim| Fully Diluted with Messari ResearchWant a comprehensive look at the stablecoin sector from top Messari analysts and industry-leading contributing partners? 📥 Download the FREE State of Stablecoins 2025 report live now: https://messari.io/report/state-of-stablecoins💡 Ask Messari Copilot: What do you think is the biggest untold story behind stablecoin adoption — enterprise growth, geopolitical implications, or DeFi-native FX innovation?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoin-adoption-untold-stories-548e40d4-bf68-43c6-b361-0c7a0a7d572fAre stablecoins the future of global paym...
2025-07-2440 minMessari's Unqualified OpinionsThe Future of Global Payments with Sphere Labs' Arnold Lee | Fully Diluted with Messari ResearchWant a comprehensive look at the stablecoin sector from top Messari analysts and industry-leading contributing partners? 📥 Download the FREE State of Stablecoins 2025 report live now: https://messari.io/report/state-of-stablecoins💡 Ask Messari Copilot: How should emerging markets balance the benefits of dollar-denominated stablecoin access with the risks to their sovereign monetary policy?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoins-in-emerging-markets-a-balancing-act-63575aa2-c161-4091-b2b4-166c5cd640a3In this special Unqualified Opinions episode, Messari’s Andrew dives deep...
2025-07-231h 08Messari's Unqualified OpinionsPump Token Launch, Bonk Takeover & Phantom’s Big UX Play | Fully Diluted with Messari Research💡 Ask Messari Copilot: How is Phantom’s integration with Hyperliquid reshaping the future of on-chain perps and trading UX?👉 See Copilot's Response: https://messari.io/copilot/share/phantom-and-hyperliquid-integration-fe7767d4-8f7c-4efc-96d7-76682a2b2c75This episode of STSP covers the major catalysts driving crypto forward in July 2025. The team dives into the massive PUMP ICO, Hyperliquid’s breakout moment with Phantom, and what this means for the future of builder codes, trading infra, and Solana’s role in the evolving on-chain stack.Get insights into token launch...
2025-07-1656 minMessari's Unqualified OpinionsHumanity Protocol: Solving Identity in a Deepfake World | Fully Diluted with Messari ResearchIn this Fully Diluted episode from ETHCC, we sit down with Terrence Kwok, founder of Humanity Protocol, to explore how palm biometrics, zero-knowledge proofs, and decentralized identity validators are coming together to build a new foundation for trust in the digital age. We cover:- The challenge of verifying human identity in an AI-heavy world- Why palm biometrics are more accurate (and less creepy) than other options- How Humanity Protocol enables privacy-preserving credentials for everything from proof of education to credit scores- The role of ZK-TLS...
2025-07-1030 minMessari's Unqualified OpinionsCrypto Onchain? Tokenized Stocks, Stablecoins, & Neo-Banking | Fully Diluted with Messari Research💡 Ask Messari Copilot: How are tokenized stocks on Arbitrum expected to impact on-chain liquidity and adoption among retail investors?👉 See Copilot's Response: https://messari.io/copilot/share/tokenized-stock-liquidity-on-arbitrum-f15fd4cb-239d-4d36-bff6-808488df441bThis episode of STSP dives deep into the evolving intersection of traditional finance and crypto. The team discusses the rising excitement around stablecoins, Robinhood's move into tokenized U.S. equities on Arbitrum, Hyperliquid’s edge over centralized exchanges, and the broader implications of ETFs and on-chain trading infrastructure. Tune in for insights on how new...
2025-07-021h 01Messari's Unqualified OpinionsIs Bitcoin Gold 2.0? + CLOB Wars, Stablecoin Frenzy, and More | Fully Diluted with Messari Research💡 Ask Messari Copilot: What are the tradeoffs between valuing a Layer 1 blockchain using revenue vs. monetary premium?✨ See Copilot's Response: https://messari.io/copilot/share/layer-1-valuation-tradeoffs-a9a432a8-41bc-4281-963b-f836318a6502Bitcoin barely flinched during recent geopolitical chaos. Is BTC becoming more resilient—dare we say… gold-like? In this episode of STSP, we explore Bitcoin’s price action in the face of macro stress, the rise of on-chain order books (CLOBs), and the growing stablecoin wars between TradFi giants and crypto natives. We also dive into valuation m...
2025-06-1855 minMessari's Unqualified OpinionsInside 1inch's 30-Day Solana Expansion: Their DeFi Masterplan | Fully Diluted with Messari ResearchIn this exclusive interview, 1inch Co-Founder Sergej Kunz breaks down how the team expanded to Solana in just 30 days — and why intent-based architecture is the future of DeFi. From overcoming technical challenges, embracing open-source standards, and integrating MEV protection by design, Sergey shares deep insights on liquidity fragmentation, protocol design, and 1inch’s vision to unite DeFi across chains like Solana, Aptos, Sui, and even Bitcoin.👉 Why Solana's architecture created a huge growth opportunity👉 How 1inch delivered a production-ready Solana MVP in 30 days👉 Intent-based swaps vs. AMMs vs. CowSwap vs. Uniswap X...
2025-06-111h 03Messari's Unqualified OpinionsThe First Real Internet Capital Market? | Fully Diluted with Messari Research💡 Ask Messari Copilot: Could tokenized equities will actually drive onchain adoption — or are onchain traders still too focused on memes and perps?✨ See Copilot's Response: https://messari.io/copilot/share/tokenized-equities-and-onchain-adoption-fc4adda4-549d-4657-a411-6272aea037edIn episode 6 of Shoot Sh*t the Pod, the Messari Enterprise team dives into:- Bitcoin Vegas highlights & growing political support for crypto- The evolution of Bitcoin scalability: OPCAT, BitVM, and BitcoinFi experiments- Hyperliquid’s transparency debate and the future of onchai...
2025-06-0451 minMessari's Unqualified OpinionsBuilding the Binance of Onchain: Inside Infinex’s Bold UX Bet | Fully Diluted with Messari ResearchAsk Messari Copilot: Can a full-stack, centralized-style experience coexist with crypto’s ethos of decentralization?See Copilot's Response: https://messari.io/copilot/share/centralization-vs-decentralization-5b85d971-6184-4512-9110-1598a3900bb8Kain Warwick breaks down how Infinex is rewriting the rules of crypto UX. From building its own wallet and signing infrastructure to full-stack app architecture, Infinex is ditching the dApp playbook to offer users a seamless, centralized-like experience—without sacrificing custody. If you're curious about the future of crypto applications and the battle to onboard the next wave...
2025-05-2842 minMessari's Unqualified OpinionsTokenizing Everything: Are Internet Capital Markets Crypto’s Next Frontier? | Fully Diluted with Messari ResearchWhat does it really take to launch a token in 2025? The Enterprise team dives into the rise of Launchcoin and the emergence of Internet Capital Markets—an onchain movement redefining how tokens are created, distributed, and valued. From memecoin mechanics to institutional implications, this episode dissects the thesis and traction behind tokenized everything on Solana.💥 We also debate how to value L1s:→ Is REV (Revenue) the most grounded valuation metric?→ How do monetary premiums, economic security, and execution narratives shape prices?→ Are current valuations justifiable—or wildly overblown?Plu...
2025-05-211h 12Messari's Unqualified OpinionsAre We Really Back? AI Subnets, BTC Surge & Stablecoin Wars | Fully Diluted with Messari ResearchWe're back with Episode 4 of Shoot the Sh*t Fully Diluted Podcast, where the Messari Enterprise team dives deep into what’s fueling crypto’s recent momentum.Join Matthew Nay and the Enterprise team (Sunny Shi, Kinji Steimetz, Andrew Dyer, Chris Davis & Dylan Bane) as they shoot the sh*t about:🔹 Macro trends: BTC’s outperformance, S&P's rally, and tariff drama between the US and China.🔹 AI subnets & decentralized training: BitTensor’s shoots, gradients, and more.🔹 Ethereum’s L1 scaling push: Is this the turnaround moment f...
2025-05-071h 12Messari's Unqualified OpinionsBuilding Real-World Utility: DePIN, AI, and Crypto’s Future | Fully Diluted with Messari ResearchWhat’s really holding crypto back? It’s not infrastructure—it’s product.In this episode of Fully Diluted, Hivemapper CEO Ariel Seidman joins Messari’s Dylan Bane to unpack the deep infrastructure powering Hivemapper’s decentralized global map—and why real utility, not hype, is the key to crypto’s next chapter.0:50 Introductions4:02 HiveMapper Intro12:13 Market Demand18:55 Token Model29:20 Regulation & Adoptio36:05 Crypto Culture38:56 App Layer & Roadmap46:04 ConclusionHosted by Dylan Bane of Me...
2025-05-0146 minMessari's Unqualified OpinionsCrypto Built the Casino — Can It Build Infrastructure Too? | Fully Diluted with Messari ResearchIn this episode of Fully Diluted, Pranav Kanade and Wyatt Lonergan from VanEck Digital Assets are joined by Kinji Steimetz and Dylan Bane from Messari to explore the evolution of crypto beyond speculation. They dive deep into tokenization, stablecoins, the rise of real-world assets (RWA), and how stablecoin-powered infrastructure could reshape global payments and financial access. The conversation spans market structure reforms, the future of tokenized equities, the critical path for Deepin networks, and the competitive dynamics among base layers like Solana and MegaETH. ...
2025-04-3051 minMessari's Unqualified OpinionsMegaETH Breaks Through, Mantra Breaks Down | STS Ep. 3 | Fully Diluted with Messari ResearchWe're back with Episode 3 of Shoot the Sh*t Pod — and this one’s stacked.Join Matthew Nay and the Enterprise team (Sunny Shi, Kinji Steimetz, Andrew Dyer, Chris Davis & Dylan Bane) as they dive into:🔹 Real-time blockchains: MegaETH is setting a new bar. 🔹 AI Roasting & CT Drama: AIXBT is back on its BS, targeting Sunny in a wild Twitter roast.🔹 Macro madness: Talking stagflation risks, Fed policy, and market sentiment.🔹 Token volatility: What happened with Mantra? 🔹 Content coins vs. memecoins: The Base/Zora launch sparked a frenzy. 🔹 Ga...
2025-04-2352 minMessari's Unqualified OpinionsHow The Innovation Game Is Crowdsourcing Better Algorithms | Fully Diluted with Messari ResearchAsk Messari Copilot: How can decentralized protocols change the economics of R&D in science and AI?See Copilot's Response: https://messari.io/copilot/share/decentralizing-r-d-economics-069debfe-3e9a-4281-8c5c-442e829d94b5How do we incentivize the next great algorithm? Why does open-source AI matter more than ever in a world of geopolitical tension and centralized power? In this episode, we dive deep with John Fletcher—physicist, mathematician, and creator of The Innovation Game—to explore a decentralized protocol for algorithm deve...
2025-04-1655 minMessari's Unqualified OpinionsCooked or Still Cooking? | Fully Diluted with Messari Research | Unqualified OpinionsAsk Messari Copilot: What are the most promising models for scaling DePIN infrastructure?See Copilot's Response: https://messari.io/copilot/share/scaling-deepin-infrastructure-models-ffbd3d95-53c1-4cdc-98cd-58d36f43250aIn this week’s episode, the Messari Research team breaks down the latest market narratives—from DePIN’s growing pains to macro risks and app consolidation on Solana. We’re talking tariff chaos, Circle’s IPO delay, gaming tokenomics, and what we’re actually doing onchain during all the volatility.The Analysts Discuss:📡 DePIN Revenue: Can pr...
2025-04-1054 minMessari's Unqualified OpinionsThe Meta Got Too Smart: Now What? | Fully Diluted with Messari Research | Unqualified OpinionsAsk Messari Copilot "Which protocols have shown the strongest fundamentals this cycle despite underperforming in price?" https://messari.io/copilot/share/evaluating-protocol-fundamentals-9ada2e1c-b1e5-4cd7-be67-dc24f483a0dcIn this episode, the Messari Enterprise team sits down for a candid conversation on where we are in the crypto market cycle—and where we might be headed.We dive into:🧠 How the market became too self-aware and what that means for future participation📉 Why ETH and altcoins are underperforming—even with...
2025-03-2457 minMessari's Unqualified OpinionsReinventing Online Privacy | Fully Diluted with Messari Research | Unqualified OpinionsJoin Anyone and Messari's Dylan Bane as they explore the future of decentralized online privacy.Anyone is building the largest internet-routing DePIN in the world: a modular privacy layer for any application to use seamlessly.The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the best builders and researchers in crypto.Hosted by Dylan BaneFollow Messari on Twitter: https://twitter.com/MessariCrypto
2025-03-1325 minMessari's Unqualified OpinionsRevolutionizing EV Charging | Fully Diluted with Messari Research | Unqualified OpinionsJoin DeCharge Founder and CEO, Mohan Kuldeep Ponnada, Co-founder Dr. Prakash Kamaraj and Messari's Dylan Bane as they explore the future of energy: decentralized, autonomous, and on-chain. DeCharge is leading the charge—literally—by building a global network of smart, autonomous EV chargers. With deployments already active in the U.S., Europe, and Asia, DeCharge is creating the infrastructure needed to support the rise of autonomous vehicles, drones, and decentralized physical AI (DePAI).The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives valu...
2025-03-1249 minMessari's Unqualified OpinionsBuilding Decentralized Physical AI | Fully Diluted with Messari Research | Unqualified OpinionsJoin FrodoBots Lab's Co-Founder Michael Cho and Messari's Dylan Bane and Kinji Steimetz as they explore how crypto-powered robotics and decentralized networks are unlocking real-world AI applications, from urban navigation to autonomous agents. Learn how decentralized physical AI is solving bottlenecks in data collection, model validation, and hardware scalability—and why this space could be the next big wave in crypto.The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the best builders and researchers in crypto....
2025-02-2750 minMessari's Unqualified OpinionsThe Evolution of Proof of Location and Decentralized Data With XYO | Fully Diluted with Messari Research | Unqualified OpinionsJoin Markus Levin (Co-Founder of XYO) and Messari's Dylan Bane as they explore the evolution of proof of location and decentralized data verification.Discover how XYO is bridging real-world data with blockchain through its proof-of-origin technology and vast global node network. Learn how the protocol is tackling challenges in location spoofing, tokenomics, and user adoption while scaling to new use cases like AI, gaming, and physical systems.The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get...
2025-02-1324 minMessari's Unqualified OpinionsPayFi Deep Dive With Huma and Solana | Fully Diluted with Messari Research | Unqualified OpinionsJoin Messari's CEO, Eric Turner, alongside Richard Liu (Co-Founder & Co-CEO of Huma Finance) and Lily Liu (President of Solana Foundation) as they explore the transformative potential of PayFi in crypto and traditional finance.
Discover how decentralized finance is reshaping cross-border payments, payment financing, and real-world financial applications. Learn why PayFi is more than just fast and cheap transactions—it's the future of a global, decentralized financial ecosystem.
Read the full PayFi report:
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on...
2025-02-1242 minMessari's Unqualified OpinionsDisrupting Cloud Computing: Meet io.netAsk Messari Copilot "How could io.net's model impact cloud computing costs for businesses?"
https://messari.co/4jBFZgo
Tory Green, io.net's Co-Founder and CEO, join Messari Enterprise Analyst, Dylan Bane to discuss io.net and cloud computing.
io.net is revolutionizing the $2.5 trillion cloud computing industry by creating a decentralized network of underutilized GPUs. Think "Airbnb for compute power." Their innovative approach offers virtually unlimited scalability, lower costs (up to 10x cheaper), and improved performance. Backed by an impressive network of 300,000 GPUs and partnerships across 130 countries...
2025-01-2929 minMessari's Unqualified OpinionsTRON's 2025 Vision with Justin Sun: Stablecoins, AI, and GrowthAsk Messari Copilot "How will the adoption of USDD V2 and other innovations on Tron shape the network’s role in 2025?"
https://messari.io/copilot/share/future-of-tron-in-2025-e672ab43-3f6c-4309-b1c3-1b95f6842df8
Tron Founder Justin Sun joins Messari CEO Eric Turner to discuss Tron's Q4 achievements, including its 35% revenue growth and the burn of 415 million TRX making it deflationary.
Check out Messari's TRON Portal at tron.messari.io
Justin shares exciting updates on the launch of US...
2025-01-2819 minMessari's Unqualified OpinionsInside the PayFi Ecosystem Driving $2.8 Billion in Transactions with Huma FinanceAsk Messari Copilot "What are the most promising opportunities in PayFi's future?"
https://messari.io/copilot/share/exploring-payfi-s-future-opportunities-7240fa12-317e-4f2a-b764-d1787fe3e59a
Erbil Karaman, Huma Finance's Co-Founder and Tomer Weller, Stellar's CPO, join Messari CEO, Eric Turner, to discuss the PayFi Ecosystem and recently published Messari report.
Discover the PayFi ecosystem and its potential to revolutionize global payments, financing, and cross-border transactions. This conversation delves into real-world use cases, the PayFi stack, and the role of stablecoins and DeFi in shaping financial innovation. Tune...
2025-01-2346 min
Messari's Unqualified OpinionsThe Future of Stablecoins with Anna Yuan (Perena) | Fully Diluted with Messari ResearchAsk Messari Copilot "How will new stablecoin issuers shape global liquidity and adoption?"
https://messari.co/4jbR8nP
Anna Yuan, Perena's Founder and former Stablecoin Lead at Solana Labs, joins the Messari Research team to discuss the future of stablecoins. From the challenges of liquidity fragmentation to the role of agentic payments and real-world applications of stablecoins, Anna shares her expertise on the innovations shaping decentralized finance (DeFi).
Discover how stablecoins are transforming global markets, what’s driving their adoption, and the exciting new opportunities emerging in th...
2025-01-1535 min
Messari's Unqualified OpinionsMapping & Autonomous Vehicles with Alireza Ghods & Ulrik Lages (Natix) | Fully Diluted with Messari ResearchAsk Messari Copilot "How could AI-powered camera networks reshape industries beyond autonomous driving?"
https://messari.io/copilot/share/transforming-industries-with-ai-camera-networks-f5a4a538-2ce6-4c1d-bdcb-c163adacd3a2
Alireza Ghods & Ulrik Lages, Natix's Core Contributors, join the Messari Research team to discuss mapping and autonomous vehicles.
Learn about the potential applications of their data for autonomous driving, smart cities, and beyond, as well as how Natix is leveraging blockchain technology and decentralized infrastructure to drive innovation.
The Fully Diluted Podcast with Messari Research brings...
2025-01-1046 min
Messari's Unqualified OpinionsThe State of DePIN 2024 with Sal Gala (EV3) & Connor Lovely (Building in Public) | Fully Diluted with Messari ResearchAsk Messari Copilot "What were the top trends in the State of DePIN 2024?"
https://messari.io/copilot/share/depin-trends-2024-6bb67c3b-1d3d-4b39-8fc2-e95c585f0a4c
EV3's Sal Gala and BiP's Connor Lovely join the Messari Research team to take a deep dive into Messari's latest State of DePIN report.Join us as we explore predictions for 2025, groundbreaking AI-agent integrations, revenue growth in decentralized sectors, and the global impact of DePIN networks. From the rise of compute and energy protocols to visionary insights on AI-driven innovation, this...
2025-01-0949 min
Messari's Unqualified OpinionsUnlocking the Future of Connected Mobility With Rob Solomon, co-founder of DIMO | Fully Diluted with Messari ResearchAsk Messari Copilot: "How is DIMO scaling its vehicle network and attracting developers in 2025?"
https://messari.io/copilot/share/scaling-dimo-s-vehicle-network-in-2025-f96147fb-d495-4975-b7d8-c99ab6e7cd2b
Join Dylan and Kinji as they sit down with Rob Solomon, co-founder of DIMO, to discuss how DIMO is revolutionizing vehicle connectivity through decentralized technology. From enabling seamless car data sharing to exploring use cases like usage-based insurance, EV charging insights, and even Pokémon Go-style apps, Rob breaks down DIMO's vision of creating an open, interoperable platform for mobility.
2025-01-0832 min
Messari's Unqualified OpinionsRevolutionizing Decentralized Wireless Networks with Rich DeVaul, co-founder and CEO of XNet | Fully Diluted with Messari ResearchAsk Messari Copilot: "How does XNet's D-WIN approach differ from Helium's?"
https://messari.io/copilot/share/comparing-d-win-and-helium-0d52047b-1db4-42e1-bc39-9a7a6da027d8
Join Dylan Bane and Kinji Steimetz as they dive into the future of decentralized wireless with Rich DeVaul, co-founder and CEO of XNet, on this episode of Fully Diluted.
Rich shares XNet’s groundbreaking approach to decentralized wireless (D-WIN), how they’re solving mobile coverage challenges with enterprise-grade solutions, and their mission to connect millions through inno...
2025-01-0755 min
Messari's Unqualified Opinions"WTF is Peaq and Why Is It Worth $2B?" with Leo Dorlochter & Max Thake (Co-Founders of Peaq) | Fully Diluted with Messari ResearchAsk Messari Copilot "WTF is Peaq and Why Is It Worth $2B?" https://messari.io/copilot/share/understanding-peaq-s-valuation-f4abf889-1882-4d1d-a7d0-718f9db04bd7Leonard Dorlochter & Max Thake, Co-Founders of Peaq join the Messari Research team.Peaq is the layer-1 blockchain powering the Machine Economy, made up of real-world Web3 apps (DePINs) and the millions of devices that run on them.The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto...
2025-01-0646 minMessari's Unqualified OpinionsCallen Van Den Elst (Wintermute) | The Protocol Services Podcast with Jack PurdyAsk Messari Copilot: "What is Wintermute?" https://messari.io/copilot/share/understanding-wintermute-90b0f9d2-a259-4682-92e0-4dda8802946b
Bringing you insights and stories from specialist teams providing consulting, risk advisory, treasury management, strategic finance, and everything crypto protocols need.
Today's guest is Cllen Van Den Elst from Wintermute.
Learn more about Messari Protocol Services at https://messari.io/protocol-services
This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and...
2024-12-2737 minMessari's Unqualified OpinionsConsumer Crypto & Gaming Year in Review | Kel, Mason Nystrom, Chris Davis | Messari Theses 2025Read Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
Get a 30% Discount on an annual subscription to Messari Pro with code THESES25 (valid until Dec. 31, 2024)
00:00 Intro & 2024 Review
06:52 AI Agents
16:12 Launching Fungible Tokens
23:33 Blinks
33:42 Gaming
42:08 Hot Takes for 2025
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on Spotify: https://open.spotify...
2024-12-2054 minMessari's Unqualified OpinionsDeFi & Stablecoins Year In Review | Kinji Steimetz, Sunny Shi & Andrew Dyer | Messari Theses 2025Read Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
Get a 30% Discount on an annual subscription to Messari Pro with code THESES25 (valid until Dec. 31, 2024)
00:00 Pendle, Maker, RWA's and...Fartcoin?
12:42 How Successful Can DAOs Be?
17:46 The Star of H2 2024: DEXs
26:42 Hyperliquid
36:09 Centralized Exchanges
51:27 DeFi Renaissance Continues in 2025?
Follow Messari on Twitter: https://twitter.com/MessariCrypto
2024-12-1955 minMessari's Unqualified OpinionsDePIN Year in Review | Sami Kassab, Dylan Bane & Maartje Bus | Messari Annual Theses 2025Read Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
Get a 30% Discount on an annual subscription to Messari Pro with code THESES25 (valid until Dec. 31, 2024)
00:00 Intro & Summary of Dylan's DePIN 2025 Theses
13:59 Helium
27:06 DePIN x AI
32:39 Grass
36:07 Bittensor
48:31 Predictions for 2025
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on Spotify: https...
2024-12-1856 minMessari's Unqualified OpinionsSolana Year in Review | Ryan Watkins, Wilson Withiam, Kinji Steimetz | Messari Annual Theses 2025Read Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
Get a 30% Discount on an annual subscription to Messari Pro with code THESES25 (valid until Dec. 31, 2024)
00:00 Intro & How Investors Think About L1 Valuations
09:16 Solana's Year in Review
17:55 Memecoins
24:17 Competitors to Solana
34:14 Solana Predictions for 2025
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on...
2024-12-1738 minMessari's Unqualified OpinionsMessari Annual Theses 2025 Are Here! | Intro Episode - State of Crypto | Maartje Bus, Dylan Bane, Sunny Shi & Andrew DyerRead Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
00:00 Intro & Macro Policy Backdrop
13:46 2025 Policy Expectations
24:15 User Adoption
34:00 Role of DePIN
40:04 The Year in Fundraising
43:41 Memecoins
51:29 Hot Takes for 2025
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415e
Follow...
2024-12-1658 minMessari's Unqualified OpinionsMessari Annual Theses 2025 | AI x Crypto | Seth Bloomberg, Dustin Teander & Sunny ShiRead Messari's Annual Crypto Theses for FREE!: https://messari.io/report/the-crypto-theses-2025
Over 100 pages of everything you need to know in crypto for 2025.
00:00 Intro & Summary of AI Section of Theses
13:48 Why Does AI Benefit From Crypto Infrastructure?
22:31 AI Agents
36:21 Bittensor
46:06 Dynamic TAO
53:38 Most Interesting Subnets
56:40 Predictions for 2025
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163...
2024-12-161h 05
Messari's Unqualified OpinionsTodd Ruoff (CEO, Autonomys) on AI 3.0 | Fully Diluted with Messari ResearchAsk Messari Copilot "Please explain how Autonomys enables the builds of AI agents."
Todd Ruoff, CEO of Autonomys joins the Messari Research team to talk about AI agents, modular blockchain architecture, and the future of AI.
Autonomys' AI3.0 ecosystem stack is designed to provide all the necessary components to build and deploy AI-powered dApps (super dApps) and agents.
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the...
2024-12-1127 min
Messari's Unqualified OpinionsDavid Vorick (Founder, Glow) on Incentivized Solar Energy | Fully Diluted with Messari ResearchAsk Messari Copilot "Please explain how Glow incentivizes the build out of solar energy farms."
David Vorick, Founder of Glow joins the Messari Research team to talk about decentralized solar energy.
Glow is on a mission to power the planet with 100% renewable energy. Every individual, no matter how small, can participate meaningfully in the mission. Every contribution to Glow fuels and motivates solar farms to slash CO2 emissions, and earns you Impact Points to measure the positive change.
The Fully Diluted Podcast with Messari...
2024-12-1034 min
Messari's Unqualified OpinionsAlex Cutler (Co-Founder, Aerodrome) | Fully Diluted with Messari ResearchAsk Messari Copilot "Please explain Aerodrome's recent growth." https://messari.io/copilot/share/aerodrome-s-growth-analysis-b1f4da98-e4d1-412f-9b5a-fbcf61bf1e2b
Alex Cutler, Co-Founder of Aerodrome joins the Messari Research team to talk about DEX's, Metadex's, Aerodrome and Velodrome.
Aerodrome Finance is a next-generation AMM designed to serve as Base's central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and...
2024-12-0533 min
Messari's Unqualified OpinionsHow DePIN Energy Can Save The Planet with Dylan Bane | The StoryAsk Messari Copilot "How do energy projects use DePIN tokenomics?"
Currently, the world is not on track to limit global temperature increases by 1.5C, which risks irreversible climate change.
Two major infrastructure challenges are delaying progress - a grid not designed for distributed energy sources, and lack of incentives.
DePIN can help solve both of those problems, and Dylan Bane is here to explain.
Hosted by Maartje Bus (https://x.com/maartjebus)
Written and Produced by Steve Bichim...
2024-11-2712 min
Messari's Unqualified OpinionsA Web3 Game that Feels Like a Web2 Game with Chris Davis | The StoryAsk Messari Copilot "How does Pirate Nation use crypto incentives?"
Web3 gaming hit new heights in October 2024, recording nearly 8 million daily onchain active addresses. But most games are still only partially onchain, due to scalability challenges.
Pirate Nation, a fully-onchain game, seems have solved some of these problems, processing over 350M transations across more than 300k active addresses.
Will this be the first fully-onchain game to break out? Chris Davis has the answer.
Hosted by Maartje Bus (https://x.com/maartjebus)
Written and...
2024-11-2020 min
Messari's Unqualified Opinions"You Can Automate A Huge Chunk of Telecom If It's Onchain" - Neil Chatterjee (Andrena) | Fully Diluted with Messari ResearchAsk Messari Copilot "Please give me an overview of Andrena and DAWN"
Neil Chatterjee, CEO of Andrena joins the Messari Research team to talk about DAWN, which stands for "Decentralized Autonomous Wireless Network".
DAWN is a decentralized protocol designed to bootstrap and orchestrate multi-gigabit, user-powered mesh networks, initially powering fixed wireless home internet. This approach allows anyone to contribute wireless coverage and bandwidth to a city-wide network, democratizing Internet access in a manner similar to how solar panels democratize energy production.
The Fully Diluted...
2024-11-1440 min
Messari's Unqualified OpinionsAni Pai (Dragonfly) and Mahesh Ramakrishnan (EV3) on Investing in DePIN | Fully Diluted with Messari ResearchAsk Messari Copilot "Please list the investments that Escape Velocity and Dragonfly have made together."
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the best builders and researchers in crypto.
00:00 Intros & DePIN Trends
09:22 Strongest Progress So Far
18:09 Assessment of DePIN's Talent Pool
26:00 Innovation vs. Hype
32:37 The Future of DePIN
Hosted by Dylan Bane of Messari
2024-11-0739 min
Messari's Unqualified OpinionsJim Hiltner (Superstate) on RWA's | Fully Diluted with Messari ResearchAsk Messari Copilot "Give me a summary of Superstate's offerings."
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the best builders and researchers in crypto.
00:00 Intros
03:53 Recent Growth of Tokenized Treasuries
09:41 Short-Term Use Cases
15:12 Winner-Take-Most?
21:07 Privacy
Hosted by Kinji Steimetz and Seth Bloomberg of Messari
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2024-11-0132 min
Messari's Unqualified OpinionsGEODNET Deep Dive with Dylan Bane | The StoryAsk Messari Copilot "What is GEODNET's fundraising history?"
GEODNET has over $1m in annualized revenue, 2x as many supply-side nodes as its incumbent competitor, and the lowest device payback period in DePIN - and gets very little attention in crypto discourse. Dylan Bane is here to change that.
Hosted by Maartje Bus (https://x.com/maartjebus)
Written and Produced by Steve Bichimer
Based on "DePIN for TradFi: A GEODNET Valuation and Breakdown", by Dylan Bane
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Follow Un...
2024-10-3016 min
Messari's Unqualified OpinionsAll Things Fundraising (AI, DePIN, APAC) with Andrew Dyer | The StoryAsk Messari Copilot "What were the largest AI fundraises in Q3 2024?"
Crypto fundraising in Q3 2024 was something of a mixed bag. But there were important developments in AI, DePIN and the APAC region. Andrew Dyer is here to break it all down - and hand out some awards.
Hosted by Maartje Bus (https://x.com/maartjebus)
Written and Produced by Steve Bichimer
Based on "Q3 224 Fundraising Report", by Andrew Dyer (https://messari.io/report/q3-2024-fundraising)
Follow Messari on...
2024-10-2315 min
Messari's Unqualified OpinionsAbhay Kumar (CEO, Helium Foundation) and Mario Di Dio (GM of Network, Nova Labs) on Carrier OffloadAsk Messari Copilot "Explain Helium's Carrier Offload offering."
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto. Subscribe to get weekly episodes with the best builders and researchers in crypto.
00:00 Intros
05:05 Opportunities
09:40 Transitions
13:12 Services
19:22 Successes
26:14 Future
Hosted by Dylan Bane and Seth Bloomberg of Messari
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2024-10-2232 min
Messari's Unqualified OpinionsLuca Netz (Pudgy Penguins) and Julian Holguin (Doodles) on Consumer Crypto | Fully Diluted PodcastAsk Messari Copilot "Explain how Doodles and Pudgy Penguins use crypto to grow their brands."
The Fully Diluted Podcast with Messari Research brings you insightful, no-hype takes on what actually drives value in crypto.
Subscribe to get weekly episodes with the best builders and researchers in crypto.
00:00 Intros
04:49 Community
10:04 Global Audience
11:29 Web3
21:47 Financial Alignment & Ownership Culture
30:04 Mainstream Adoption
37:07 Future
Hosted by Chris Davis and Seth Bloomberg of...
2024-10-1739 min
Messari's Unqualified OpinionsThe State of DeFi Q3 2024 with Kinji Steimetz | The StoryThe headline numbers for DeFi weren't pretty in Q3 - and Kinji Steimetz isn't here to deny that. But there were some bright spots - and an honest take on Unichain.
Ask Messari Copilot "What is Unichain?"
Hosted by Maartje Bus (https://x.com/maartjebus)
Written and Produced by Steve Bichimer
Based on "State of DeFi Q3 2024", by Kinji Steimetz
Follow Messari on Twitter: https://twitter.com/MessariCrypto
Follow Unqualified Opinions on Spotify: https://open.spotify.com...
2024-10-1613 min
Messari's Unqualified OpinionsRonin's Rebirth with Chris Davis | The StoryAsk Messari Copilot "What are the most popular games on the Ronin chain in 2024?"
In 2021, Ronin’s flagship game, Axie Infinity, propelled Web3 gaming into the global spotlight. But when the broader crypto market crashed in 2022, Axie’s highly inflationary token design was exposed, and users abandoned Axie Infinity, and to a large extent, Ronin itself.
But recently, Ronin has made something of a comeback.
3 New games - Pixels, Apeiron and Wild Forest have each shown strong growth in the past several months - remini...
2024-10-0916 min
Messari's Unqualified OpinionsAnil Lulla (Delphi Digital) | The Protocol Services Podcast with Jack PurdyAsk Messari Copilot: "What services does Dephi Digital provide?" https://messari.co/4gOkure
Bringing you insights and stories from specialist teams providing consulting, risk advisory, treasury management, strategic finance, and everything crypto protocols need.
Today's guest is Anil Lulla from Delphi Digital.
Learn more about Messari Protocol Services at https://messari.io/protocol-services
Follow Messari on Twitter: https://twitter.com/MessariCrypto
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2024-10-0239 min
Messari's Unqualified OpinionsTether is More Profitable than Goldman Sachs with Andrew Dyer | The StoryGet 20% off your ticket to Messari Mainnet with code "messaripod" at https://events.messari.io/mainnet2024
In Q2 of 2024, Tether reported a Net Income larger than Visa, MasterCard and Goldman Sachs - and with only 125 employees. Stablecoins are one of the primary crypto use cases that have ascended the realm of mere speculation.
And as you’d expect, there are a number of challengers - and they’ve had a good year too.
So Andrew Dyer dove deep into the year stables have had...
2024-09-2519 min
Messari's Unqualified OpinionsAdrian CV (Steakhouse Financial) | The Protocol Services Podcast with Jack PurdyGet 20% off your ticket to Messari Mainnet with code "messaripod" at https://events.messari.io/mainnet2024
Introducing The Protocol Services Podcast with Jack Purdy!
Bringing you insights and stories from specialist teams providing consulting, risk advisory, treasury management, strategic finance, and everything crypto protocols need.
Today's guest is Adrian CV from Steakhouse Financial. ADCV tells stories about
Steakhouse's approach to financial advisory,
the practical applications that show why it makes more sense to run financial infrastructure on chain, and
his view on t...
2024-09-2337 min
Messari's Unqualified OpinionsBase and Aerodrome with Sunny Shi | The StoryGet 20% off your ticket to Messari Mainnet with code "messaripod" at https://events.messari.io/mainnet2024Like much of crypto, it’s been hard to paint a clear picture of Base this year. The Coinbase-developed layer 2 launched with high expectations, and by many metrics has certainly met them. But if you listen to Crypto Twitter, you may hear a much different story. You’ll often hear things like “the apps are dead!”, and “all of its volume is driven by memecoins”. Sunny Shi thinks Base is doing just fine - an...
2024-09-1813 min
Messari's Unqualified OpinionsThe Impact of Token Unlocks on Markets with Andrew Dyer | The StoryOne of the fundamentally unique pieces about crypto business models is the concept of token unlocks - or, the idea that rewards for contributions to the project, while fixed in total number, become available in large unlocks of sections over time.But there’s still a fair amount of inconsistency in how these unlock schedules are designed - and therefore what behavior surrounds unlock events.So, with several large token unlocks coming up in the rest of 2024, Andrew Dyer dove deep into the historical performance of token prices around un...
2024-09-1113 min
Messari's Unqualified OpinionsDePIN for Home Internet with Dylan Bane | The StoryHome internet ISP's like Comcast, Verizon and AT&T typically charge about 100x more for home internet access than what they buy it for wholesale. But due to a number of incumbent advantages, no competitor has been able to undercut them significantly on price in a material way. But as Dylan Bane explains, a new protocol called DAWN is using DePIN principles to try.Get 20% off your ticket to Messari Mainnet with code "messaripod" at https://events.messari.io/mainnet2024Declutter Your Browser. Use Messari Lite as your customized crypto news feed.(00:00...
2024-09-0413 min
Messari's Unqualified OpinionsWhat Happens To RWAs When The Fed Rate Falls? with Kinji Steimetz | The StoryLast week in Jackson Hole, US Fed Chair Jerome Powell gave the clearest indication yet that the Fed would decrease rates at its upcoming meeting in September. Crypto has seen a lot of development since the last decreasing rate environment, and many hope that a new rate direction will usher in crypto's next bull market. But as Kinji Steimetz explains, it may not be that simple for RWA's - fundamentally RWA's are likely to look less attractive in a lower Fed rate environment, but there are still 3 key paths to growth.Get a 20% discount to...
2024-08-2814 min
Messari's Unqualified OpinionsWhy Nate Silver Joined Polymarket (Probably) with Sunny Shi | The StoryPolymarket has been growing at a breakneck pace ever since coverage of the US election heated up - but that’s not a surprise. Traffic, search engineer interest, volumes, will almost certainly drop after the election is over. But by how much?Sunny Shi dove deep into Polymarket and can now tell you how strong their non-politics volumes are performing, where volumes might settle after the election, and what the risks are that might wipe away all of this summer’s success.Declutter Your Browser. Use Messari Lite...
2024-08-2113 min
Messari's Unqualified OpinionsDePIN Update + DePIN Summit Reactions with Dylan Bane | The StoryDePIN has been one of the fastest growing narratives in crypto over the last 12 months. Fundraising volumes so far this year are nearly 4x what they were for all of 2023, and total market cap is up 5x compared to last year. But details on key data points like revenue and DePIN ecosystem growth can be hard to consolidate, so it can be hard to know what is real progress vs. what is hype. So Dylan Bane dove deep and now can give an update on revenue, Layer 1 traction, and what's next for DePIN.Declutter Your Browser. Use...
2024-08-1424 min
Messari's Unqualified OpinionsCrypto 2024's Mixed Bag with Seth Bloomberg | The StoryWe’re now more than halfway through 2024 - and on a macro level, to be honest, most of us at Messari research aren’t really sure what to make of crypto this year. Bitcoin, Ethereum and Solana all have reasons for optimism - and reasons for concern. So as Seth Bloomberg explains, we stepped back and took stock of where each of the 3 crypto “majors” are - and what narratives we think might drive crypto for the rest of 2024.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:03) - Mainnet is Coming!
(03:03) - Crypto's Mixed Bag
Hosted by Maartje...
2024-07-3123 min
Messari's Unqualified OpinionsSolana's Next Growth Driver with Kinji SteimetzOver the past year, Solana has been growing at a breakneck pace by any measure. But one vertical may be underperforming - liquid staking. As Kinji explains, one project, Sanctum, is setting out to change that - by trying to help the cold start liquidity problem for new liquid staked tokens. If they're successful, they could dramatically change how quickly these new LST's can scale.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:04) - Mainnet is Coming
(03:04) - Solana's Next Growth Driver
Hosted by Maartje Bus (https://x.com/maartjebus)Produced by Steve BichimerBased...
2024-07-2416 min
Messari's Unqualified OpinionsCoinbase's Latest Earnings Spoiler with Kunal Goel | The StoryFor the past year, Messari's Kunal Goel has been consistently more accurate than most analysts at predicting Coinbase's Quarterly Earnings. Listen in as he discusses how he does it, and what his latest expected earnings tell him about the future of Coinbase.Declutter Your Inbox. Use Messari Lite as your Daily News Feed(00:00) - Hire with Hirechain
(00:40) - Intro
(01:49) - Mainnet is Coming!
(02:48) - Coinbase's Latest Earnings Spoiler
Hosted by Ryan Selkis (https://x.com/twobitidiot)Produced by Steve BichimerBased on "Spoiler Alert - Coinbase Q2 2024 Revenue Estimates", by Kunal...
2024-07-1719 min
Messari's Unqualified OpinionsHow DePIN Can Help Fight Climate Change with Dylan Bane | The StorySince signing the Paris Agreement almost 10 years ago, carbon credit systems have emerged as the go-to method for reducing global CO2 emissions - but their adoption as been slowed by coordination challenges. As Dylan Bane explains, new crypto projects using DePIN principles are trying to more efficiently coordinate distributed resources - and may just be the catalyst the energy industry needs to reach the Paris Agreement's goals.Declutter Your Browser. Use Messari Lite as your personalized crypto news feed.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:52) - Mainnet is Coming!
(03:51) - How DePIN Can Help...
2024-07-1020 min
Messari's Unqualified OpinionsA Guide to Stablecoin Yield in Summer 2024 with Kinji Steimetz | The StoryStablecoins have proven to be one of crypto's strongest early killer apps. But as Kinji Steimitz explains, this utility has led to a massive number of new ways to earn yield on stablecoins - making it difficult to know what all the options are to do so, let alone compare them against each other. Join Kinji for his guide to finding stablecoin yield in Summer 2024.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:04) - Mainnet is Coming!
(03:04) - Kinji's Guide to Stablecoin Yield
Hosted by Ryan Selkis (https://twitter.com/twobitidiot)Written and Produced by Steve...
2024-06-2616 min
Messari's Unqualified OpinionsThe Importance of Cryptoeconomic Security: A Debate with Kunal Goel & Peter Horton | The StoryHistorically, blockchain validators have been rewarded for their work with native tokens of the blockchain in question. But the ongoing revolution in smart contracts has created opportunities for blockchain validators to generate revenue outside of the protocol - which as Kunal Goel and Peter Horton explain has prompted a large-scale discssion on how to measure a chain's security, and what role economic security plays in that measurement. (00:00) - Hire with Hirechain
(00:40) - Intro
(02:24) - Mainnet is Coming!
(03:24) - Cryptoeconomic Security: A Debate
Hosted by Ryan Selkis (https://x.com/twobitidiot)Produced by Steve Bichimer
2024-06-1922 min
Messari's Unqualified OpinionsAO and Arweave's Unique Approach to Modularity with Seth Bloomberg | The StoryWhen the crypto world turns its hype machine on one particular topic, like modularity, it can be rare to come across a truly unique approach. But as Seth Bloomberg explains, AO and Arweave have done just that, laying out an architecture that may inform the modular crypto infrastructure economy for many cycles to come.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:58) - Mainnet is Coming!
(03:58) - AO, Arweave, and Modularity
Hosted by Ryan Selkis (https://x.com/twobitidiot)Written and Produced by Steve BichimerBased on "Arweave, AO and AI-Modular Framework with Flexible Security"...
2024-06-1220 min
Messari's Unqualified OpinionsWhat Polymarket's Growth Reveals about the Future of Prediction Markets with Kunal Goel | The StoryPrediction markets always see an increase in activity in an election year - and this year is no different. But as Kunal Goel explains, for crypto-based prediction markets like Polymarket this increase in growth is an opportunity to explore what other uses besides betting these markets can serve. (00:00) - Hire with Hirechain
(00:40) - Intro
(02:49) - Mainnet is Coming!
(03:49) - The Future of Prediction Markets
Hosted by Ryan Selkis (https://x.com/twobitidiot)Written and Produced by Steve BichimerBased on "Going Poly-market", by Kunal Goel (https://twitter.com/kunalgoel), Kinji Steimetz (https://twitter...
2024-06-0510 min
Messari's Unqualified OpinionsWhat OpenAI's Spring Updates Reveal About the Future of Crypto x AI with Seth Bloomberg | The StoryOpenAI's spring product updates may have underwhelmed those who were hoping for a GPT-5. But as Seth Bloomberg explains, the updates show OpenAI's commitment to the rapidly growing Consumer AI sector - and give a potential preview into how open-source projects in the crypto x AI space may respond.(00:00) - Hire with Hirechain
(00:40) - Intro
(02:56) - Mainnet is Coming!
(03:55) - Crypto x AI
Hosted by Ryan Selkis (https://x.com/twobitidiot)Written and Produced by Steve BichimerBased on "OpenAI's GPT-4o & AI Companies", by Seth Bloomberg (https://x.com/bloomberg_seth)...
2024-05-2913 min
Messari's Unqualified OpinionsThe Hidden Insights in Crypto's Latest Fundraising Data with Patryk Krasnicki | The StoryIndustry fundraising data isn't a guarantee of future innovation - but as Patryk Krasnicki explains, an examination of the data can give some indication of what founders and investors think is most critical to build in the volatile crypto industry.(00:00) - Hire with Hirechain
(00:40) - Intro
(03:26) - Mainnet is Coming!
(04:26) - The Hidden Insights in Crytpo Fundraising Data
Hosted by Ryan Selkis (https://twitter.com/twobitidiot)Written and Produced by Steve BichimerBased on "April 2024 Fundraising Report", by Patryk Krasnicki (https://x.com/Solofunk30)Powered by Eleven Labs Voice AIFollow...
2024-05-2215 min
Messari's Unqualified OpinionsThe Story | A Better Business Model for Social Media with Toe BautistaMany "innovations" in social media turn out to be short-term fads. But as Toe Bautista explains, builders in the "SocialFi" industry are coming forward with products that change how apps are built and creators make money - changes to the underlying economics of the industry which historically, tend to be much more reliable indicators of long-term adoption.(00:00) - Hire with Hirechain
(00:40) - Intro
(03:31) - Mainnet is Coming!
(04:30) - A Better Business Model for Social Media
Hosted by Ryan Selkis (https://twitter.com/twobitidiot)Written and Produced by Steve BichimerBased on "Social Fi...
2024-05-1515 min
Messari's Unqualified OpinionsThe Story | The Boring Assets Making RWA's ExcitingReal World Assets, or putting the core pieces of the world's existing financial system like cash, treasuries, and real estate on-chain, have long been touted as a use case that would make these assets significantly more useful. But so far, stablecoins and cash substitutes have been the only RWA with any mass adoption. But as Kinji Steimetz explains, the category has seen rapid growth in the last 18 months - growth that might point towards an unlock in a few key subsectors.(00:00) - Hire with Hirechain
(00:40) - Intro
(03:33) - Mainnet is Coming!
(04:33) - What's driving the growth...
2024-05-0811 min
Messari's Unqualified OpinionsThe Story | Ethereum's Inflection Point with Seth BloombergFour years ago, Ethereum co-founder Vitalik Buterin laid out his vision for the network's scalability driven by rollups, and that vision has largely come to fruition. But as Seth Bloomberg explains, those rollups are now running into scalability problems of their own - and the Ethereum ecosystem once again finds itself at an inflection point.(00:00) - Hire with Hirechain
(00:40) - Intro
(04:15) - Messari Mainnet 2024 is coming!
(05:15) - Ethereum's Inflection Point
Hosted by Ryan Selkis (https://twitter.com/twobitidiot)Written and Produced by Steve BichimerBased on "A Deep Dive into Proof Marketplaces", by...
2024-05-0115 min