Hyperliquid’s Valuation, Crypto Markets Pullback, and the EVM Renaissance | Round Table

Dec 12, 2024

The conversation kicks off with a look at recent market volatility and the significance of Hyperliquid's innovations. Bitcoin's surge towards $100,000 stirs emotional connections among traders, while Ethereum and Solana's dynamics reveal shifting narratives in the crypto landscape. Insights into trading psychology highlight the impact of political changes and leveraging strategies. Hyperliquid's market position is dissected, showcasing its competitive edge and unique fee structures. The discussion wraps up with the evolving blockchain landscape and the potential of early-stage projects.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ANECDOTE

Waiting for the Next Catalyst

Ryan Conner hasn't sold any crypto despite the recent market volatility.
He's waiting for another driver beyond regulation to sustain momentum.

ADVICE

Fundamentals over Trading

During market downturns, focus on fundamentals rather than short-term trading.
Look for undervalued projects with margins of safety.

ANECDOTE

TradFi vs. Crypto Perspectives

Matthew Siegel from VanEck called EIP-4844 a "price cut" for Ethereum, which was met with criticism on Crypto Twitter.
This highlights how TradFi views things differently than the crypto community.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

In this episode, our Blockworks Research analysts discuss the recent market pullback, and ETH’s performance so far this cycle. They also dove into Hyperliquid’s valuation, what Monad, Berachain, and MegaETH are building, and asked themselves - will there be an EVM Renaissance?

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 45 Million users over $9 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps.

Learn more at skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork

Chaos Labs recently launched its new flagship oracle product, Edge with Jupiter. Edge has already secured $30 billion in trading volume over the last 2 months, establishing Edge by Chaos as an immediate leader in the low-latency oracle category.

The protocol design blends market context and price data, reflecting Chaos' central thesis that risk data and price data are inextricably linked.

Follow and reach out to @chaos_labs on X to learn more!

GLIF is Filecoin’s foundational DeFi primitive, enabling Filecoin holders to earn rewards on their FIL tokens by lending it to a diverse pool of Filecoin miners! Similar to LSTs like Lido or Jito, GLIF solves a major capital inefficiency for Filecoin.

GLIF has been a long-term trusted partner of the Filecoin ecosystem since early 2019, receiving more than $4 million in grant funding from Protocol Labs and the Filecoin Foundation to build critical apps and tools for the Filecoin network, as well as investments from top crypto VCs like Multicoin Capital and Fenbushi.

Got FIL? Deposit it with Filecoin’s first and most popular DeFi protocol by visiting https://glif.io/ today!

Follow Dan: https://x.com/smyyguy

Follow Ryan: https://x.com/_ryanrconnor

Follow Danny: https://x.com/defi_kay_

Follow Boccaccio: https://x.com/salveboccaccio

Follow Blockworks Research: https://x.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

Timestamps:

(0:00) Introduction

(1:57) Crypto Markets Get Obliterated

(8:30) Will ETH Make New Highs

(17:32) SKALE Ad

(18:14) Chaos Labs Ad

(18:47) GLIF Ad

(19:21) Hyperliquid's Valuation

(32:50) Will There Be An EVM Renaissance?

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

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.