Navigating the Blockchain Landscape: Valuations and Market Dynamics

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This chapter examines the influence of social media algorithms, particularly TikTok, on user experiences in the context of the cryptocurrency market. Focusing on projects like Celestia, the speakers analyze valuation challenges in a low liquidity environment while contrasting the evolving narratives surrounding modularity and emerging blockchain technologies. They also reflect on investor behavior during market downturns, the impact of AI hype, and the future potential of blockchain in gaming and data management.

In this episode, our Blockworks Research Analysts discuss Drift’s new prediction market on Solana, how to differentiate decentralized social apps, and the various business models used by social media companies. Additionally, they make the argument that the Modular Thesis has died. Finally, they dive into the idea that Ethereum should compete with its own L2s.

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Resources

Drift’s Prediction Market Announcement: https://x.com/DriftProtocol/status/1825537656014721406

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Timestamps:

(0:00) Introduction

(3:01) Drift Announces A Prediction Market On Solana

(6:02) Permissionless III Ad

(7:16) What Happened to Farcaster?

(13:39) How to Differentiate Decentralized Social Applications

(26:08) Social App Business Models

(31:20) Moderating Social Media Usage

(35:07) Modularity Has Died Out

(45:09) Does the Market Still Care About Real Yield & AI?

(59:37) Ethereum Should Compete Against Its L2s

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Dan, and our guests may hold positions in the companies, funds, or projects discussed.