In today's episode Dan Smith, Head of Data at Blockworks, joins Empire to break down why traditional crypto metrics are flawed. The episode begins with analysis of recent crypto payment acquisitions and Trump's proposed US Token Reserve, before diving deep into blockchain metrics and why REV matters more than active addresses or TVL. Dan explains Solana's outperformance of Ethereum through the lens of network revenue, examines Base's dominance in the L2 landscape, and closes with insights on Multicoin's new Solana inflation proposal.

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Timestamps:

(00:00) Introduction

(01:30) Crypto's Payment Acquisitions

(08:23) Trump US Token Reserve

(11:37) Bitcoin Backed Loans

(17:41) What is Broken in Crypto Data

(23:32) Unpacking REV

(31:48) Geodnet Ad

(32:46) Uniswap Ad

(33:33) Ledger Ad

(34:16) Most Important Metrics

(47:53) Active Addresses

(55:16) MultiCoin Inflation Proposal

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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