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0xResearch

The Modular Thesis Is Dead | Analyst Round Table

Aug 21, 2024
The discussion kicks off with Drift's new prediction market on Solana, igniting interest in this innovative space. Analysts dive into the evolution of decentralized social media, addressing challenges in differentiation and user engagement. They critique existing monetization models that reward divisive content. The conversation highlights Ethereum's potential rivalry with its own layer 2 solutions and declares the Modular Thesis effectively over. Wrapping up, the integration of AI in crypto is explored, showcasing new possibilities and hurdles on the horizon.
01:05:10

Podcast summary created with Snipd AI

Quick takeaways

  • Drift's prediction market on Solana represents a significant innovation in decentralized finance but faces competition from established betting platforms like DraftKings.
  • The app chain thesis posits that Celestia's success hinges on collaborations with numerous rollups, although market valuations may take time to catch up to potential growth.

Deep dives

The Long-Term Potential of Celestia

Investing in Celestia hinges on the notion that numerous Solana-sized rollups will continuously post data to the platform over an extended period. This idea rests on the app chain thesis, suggesting that if successful, Celestia could emerge as a significant player in the blockchain ecosystem in the next decade and a half. However, the valuation may take substantial time to reflect its growth potential, currently presenting challenges in justifying its market position. The anticipation of future developments will be critical, as the success of Celestia is closely tied to mature interactions with various rollups.

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