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

This episode of Unchained features a three-part special focusing on the future of crypto. First, Seth Ginns from CoinFund discusses Plasma, a new stablecoin-focused blockchain, and its potential competitive advantages. Then, Lily Liu, President of the Solana Foundation, argues that revenue is a better metric than TVL for evaluating crypto protocols, explaining why TVL can be misleading. Finally, James Parillo from Figment Capital shares his thesis on PumpFun and the financialization of streaming. The episode concludes with a weekly news recap, covering topics such as Tether's potential $500 billion valuation, Circle's exploration of reversible USDC transactions, and FTX's recovery efforts.

Outlines

Part 1: Plasma Introduction

Part 2: Revenue Metrics

Part 3: PumpFun and Creator Economy

Part 4: News Recap

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

Unchained

Part 1: Plasma Introduction

Introduction to Plasma, a Stablecoin-Focused Blockchain

Plasma's Connection to Tether and its Differentiators

Plasma One Neobank and DeFi Integrations

Plasma's ICO Strategy and XPL Token

Geopolitics of Dollarized Stablecoins and Tether's USAT

USAT's Relationship with Plasma and the Future of Stablecoin Competition

Tether's Head Start and Concluding Remarks on Plasma

Part 2: Revenue Metrics

Introduction to Revenue as a Key Metric with Lily Liu

Revenue Sources and the Importance of Value Capture

Gaming TVL and the Evolution of Metrics

Gaming Revenue and the Focus on Innovation

Additional Useful Metrics and Ecosystem Components

Part 3: PumpFun and Creator Economy

Concluding Remarks on Revenue and Introduction to PumpFun with James Parillo

Blurring the Lines Between Observer and Participant

The Evolution of Personal Branding and Streaming

Revenue Splits and Content Moderation on Streaming Platforms

The Trump Meme Coin Example and Access to Creators

Early Stages of Creator Coins and Tokenomics

The Nature of Gambling and Concluding Remarks on Attention-Phi

Part 4: News Recap

Weekly News Recap

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

Unchained

Part 1: Plasma Introduction

00:03Introduction to Plasma, a Stablecoin-Focused Blockchain

Introduction to Plasma, a Stablecoin-Focused Blockchain

04:51Plasma's Connection to Tether and its Differentiators

Plasma's Connection to Tether and its Differentiators

08:52Plasma One Neobank and DeFi Integrations

Plasma One Neobank and DeFi Integrations

12:23Plasma's ICO Strategy and XPL Token

Plasma's ICO Strategy and XPL Token

16:24Geopolitics of Dollarized Stablecoins and Tether's USAT

Geopolitics of Dollarized Stablecoins and Tether's USAT

20:21USAT's Relationship with Plasma and the Future of Stablecoin Competition

USAT's Relationship with Plasma and the Future of Stablecoin Competition

24:04Tether's Head Start and Concluding Remarks on Plasma

Tether's Head Start and Concluding Remarks on Plasma

Part 2: Revenue Metrics

28:06Introduction to Revenue as a Key Metric with Lily Liu

Introduction to Revenue as a Key Metric with Lily Liu

33:37Revenue Sources and the Importance of Value Capture

Revenue Sources and the Importance of Value Capture

37:27Gaming TVL and the Evolution of Metrics

Gaming TVL and the Evolution of Metrics

40:45Gaming Revenue and the Focus on Innovation

Gaming Revenue and the Focus on Innovation

44:07Additional Useful Metrics and Ecosystem Components

Additional Useful Metrics and Ecosystem Components

Part 3: PumpFun and Creator Economy

47:54Concluding Remarks on Revenue and Introduction to PumpFun with James Parillo

Concluding Remarks on Revenue and Introduction to PumpFun with James Parillo

51:17Blurring the Lines Between Observer and Participant

Blurring the Lines Between Observer and Participant

55:59The Evolution of Personal Branding and Streaming

The Evolution of Personal Branding and Streaming

1:01:22Revenue Splits and Content Moderation on Streaming Platforms

Revenue Splits and Content Moderation on Streaming Platforms

1:05:07The Trump Meme Coin Example and Access to Creators

The Trump Meme Coin Example and Access to Creators

1:09:19Early Stages of Creator Coins and Tokenomics

Early Stages of Creator Coins and Tokenomics

1:12:22The Nature of Gambling and Concluding Remarks on Attention-Phi

The Nature of Gambling and Concluding Remarks on Attention-Phi

Part 4: News Recap

1:15:58Weekly News Recap

Weekly News Recap