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

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.