Two VCs on Why the 4-Year Cycle Is Dead, DATs & Hyperliquid vs. Binance - Ep. 892 | Unchained

In this episode of Unchained, Laura Shin hosts Peter Hans and Jon Charbonneau to discuss digital asset treasuries (DATs), the TradFi interest in Ethereum, stablecoins, and Hyperliquid. The discussion covers the current DAT market, its potential for regulatory arbitrage, and the structure of Solana DATs. The guests also explore the increasing TradFi interest in Ethereum, driven by narratives around stablecoins and growth potential. The conversation shifts to stablecoins, addressing the necessity of stablecoin-focused chains and the go-to-market strategies for new stablecoins. Finally, the panel discusses Hyperliquid's trading volume and its potential to compete with centralized exchanges, as well as the debate around market cycles in crypto, with guests suggesting the traditional four-year cycle is becoming obsolete due to market diversification.

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Two VCs on Why the 4-Year Cycle Is Dead, DATs & Hyperliquid vs. Binance - Ep. 892

Unchained

Introduction to Digital Asset Treasuries (DATs)

Critiques and Use Cases of DATs

DAT Structures, Market Dynamics, and Regulatory Arbitrage

Ethereum's Appeal to TradFi and Stablecoin Chains Overview

Stablecoin Chains: Necessity, Differentiation, and Privacy

Pay's Privacy Solution, Stablecoin Dominance, and Regulatory Shifts

Impact of Stablecoin Chains on Existing Blockchains and Market Segmentation

Hyperliquid as a DEX Competitor and the Importance of Permissionless Markets

The Death of Four-Year Cycles and the Future of Crypto Investing

Two VCs on Why the 4-Year Cycle Is Dead, DATs & Hyperliquid vs. Binance - Ep. 892

Unchained

00:00Introduction to Digital Asset Treasuries (DATs)

Introduction to Digital Asset Treasuries (DATs)

07:08Critiques and Use Cases of DATs

Critiques and Use Cases of DATs

15:04DAT Structures, Market Dynamics, and Regulatory Arbitrage

DAT Structures, Market Dynamics, and Regulatory Arbitrage

23:30Ethereum's Appeal to TradFi and Stablecoin Chains Overview

Ethereum's Appeal to TradFi and Stablecoin Chains Overview

30:00Stablecoin Chains: Necessity, Differentiation, and Privacy

Stablecoin Chains: Necessity, Differentiation, and Privacy

37:55Pay's Privacy Solution, Stablecoin Dominance, and Regulatory Shifts

Pay's Privacy Solution, Stablecoin Dominance, and Regulatory Shifts

46:20Impact of Stablecoin Chains on Existing Blockchains and Market Segmentation

Impact of Stablecoin Chains on Existing Blockchains and Market Segmentation

53:11Hyperliquid as a DEX Competitor and the Importance of Permissionless Markets

Hyperliquid as a DEX Competitor and the Importance of Permissionless Markets

1:01:22The Death of Four-Year Cycles and the Future of Crypto Investing

The Death of Four-Year Cycles and the Future of Crypto Investing