Empire Crypto In 2025, Is DAT Season Over & Market Outlook With Jordi Alexander
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Oct 1, 2025 Jordi Alexander, founder of Selene Capital and a savvy crypto investor, shares his insights on the current market cycle from the Origin Summit. He discusses the challenges of DAT season, warning that retail interest is waning and projects must adapt. Jordi highlights the rise of Perp DEXs and the dynamics of token farming versus holding. He also expresses optimism about the resurgence of AI in Web3, suggesting new opportunities ahead. Listeners gain practical advice on navigating this evolving landscape with a cautious approach.
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Narrative-Driven Liquidity And A Likely Reset
- Jordi sees liquidity concentrating in rotating narratives rather than a smooth market-wide rally.
- He expects a reset/flush before continuation and does not foresee a full bear market.
Practical Approach To Perp DEX Farming
- Make multiple accounts and sample several Perp DEXs rather than betting everything on one launch.
- Farming airdrops can be worthwhile since past airdrops sometimes more than offset trading losses.
Perp DEXs: Winner-Takes-Meta And Token Tension
- Perp DEXs are a hot vertical because Hyperliquid dominated the cycle and others want to replicate that win.
- Token emissions and airdrop design create a difficult trade-off between user growth and long-term token price.