In this episode, we’re joined by Santi from Empire! We discuss today’s crypto market conditions, stablecoin proliferation, and how long-term allocators are accumulating Bitcoin. We also touch on crypto’s data and transparency issues, and the valuation of L1s before wrapping with speculation on alien life.

Thanks for tuning in!

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Resources

Solana Dashboard: https://app.blockworksresearch.com/analytics/solana?dashboard=sol-overview

App Revenue by Chain: https://x.com/_ryanrconnor/status/1912944523459846580

Life on K2-18b? https://www.bbc.com/news/articles/c39jj9vkr34o

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Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone.

Namada is currently entering phase 3 of its mainnet launch — follow along on https://namada.net/

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Marinade is the premier staking delegation platform on Solana, bringing billions in liquidity and security to the Solana network, and connecting SOL holders to the best staking rates.

Since launching in 2021, Marinade has expanded their suite of products to provide solutions for both DeFi users and TradFi, including liquid and native staking, as well as direct enterprise integrations.

To learn more about Marinade, follow the link below: https://marinade.finance/?utm_source=blockworks&utm_medium=partnerships&utm_campaign=podcast

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Traders, AI enthusiasts, and degens—listen up! The game is changing, and DESK is leading the charge. Welcome to the next generation of perpetual trading—where cutting-edge technology meets AI-driven automation.

Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!

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Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

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Follow Santi: https://x.com/santiagoroel

Follow Mike: https://twitter.com/MikeIppolito_

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Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx

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Timestamps:

(0:00) Introduction

(2:26) Market Outlook

(6:15) How Can Crypto Founders Weather the Storm?

(16:09) Ads (Namada & Marinade)

(16:39) Will A Potential Private Market Bubble Impact Tokenization?

(20:46) Long Term Bitcoin Holders Are Accumulating

(24:13) Getting Exposure to Stablecoin Growth

(34:11) Ads (Namada & Marinade)

(35:25) How Sticky is Stablecoin Issuance For L1s?

(41:07) Why Are L1s Valued the Way They Are?

(46:35) Desk Ad

(47:00) Crypto's Data and Transparency Problem

(1:00:52) Life on K2-18b?

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Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

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