How Unichain and Geopolitics Are Redefining Crypto's Value | Avichal Garg & Michael Anderson

Oct 14, 2024

Michael Anderson, a partner at Framework Ventures specializing in crypto investments, joins Avichal Garg from Electric Capital, known for his expertise in DeFi. They explore Uniswap's Unichain and its potential effects on Ethereum and the DeFi ecosystem. The duo discusses investment strategies in an evolving market, addressing the competition between applications and infrastructure. They also analyze how U.S. politics and upcoming elections could alter crypto regulation, revealing the unexpected impact of stablecoins on national security.

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INSIGHT

Uniswap's Dilemma

Uniswap faces a dilemma: move towards users like Coinbase or become its own chain like ETH.
Their Unichain launch suggests a move towards the latter, potentially competing with ETH long-term.

INSIGHT

App Chain vs. Infrastructure

Building an app chain isn't always necessary; many apps thrive on existing infrastructure like AWS.
Avichal Garg suggests the decision depends on whether an app aims to compete at the infrastructure level.

INSIGHT

Golden Age of Apps

Lower token valuations, increased app fundraising, app chains, and upcoming token launches suggest a shift towards applications.
Jason Yanowitz proposes that crypto is entering a golden age of apps, moving beyond the infrastructure phase.

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In this episode, Jason is live from Permissionless with Michael Anderson from Framework Ventures and Avichal Garg from Electric Capital. They delve into the implications of Uniswap's Unichain, exploring its potential impact on ETH, OP, and the broader DeFi ecosystem. The conversation shifts to the evolving landscape of crypto applications and infrastructure, touching on investment strategies in both public and private markets. Finally, they discuss the upcoming U.S. election's influence on crypto regulation and the surprising role of stablecoins in national security.

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