The Rise of Internet Capital Markets | Analyst Round Table

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May 22, 2025

Explore the electrifying surge of Bitcoin as it nears all-time highs, alongside a swell of institutional interest in crypto. Delve into the transformative Believe app shaping internet capital markets and the competitive trading bot landscape. The discussion also critiques Ethereum's fluctuating narrative and community dynamics. Finally, uncover how AI influences market trends and the emergence of DeFi super apps, all while enjoying some lighthearted banter about tech quirks in the crypto space.

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INSIGHT

Crypto's New Builder Profile

Crypto builders today are more commercially oriented and less ideological than before.
This shift brings more realistic and Web2-oriented startup experience to the space.

INSIGHT

Curation Boosts Token Launchpads

Believe app adds a crucial curation layer missing in prior token launchpads like PumpFun.
This improves legitimacy and market acceptance for web2 startup tokens on chain.

INSIGHT

Crypto Products Improve Iteratively

First iterations of crypto products often fail or get co-opted by speculators.
Subsequent versions improve by learning from early mistakes, as seen in trading bots.

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In this episode, we discuss Bitcoin’s return to all-time highs, and increasing institutional interest in crypto. We also dive into the rise of the Believe app and internet capital markets, trends in Solana’s trading bot market, and the evolution of crypto mobile apps. We close the episode with a critique of Ethereum’s value narrative and cultural direction.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.

Resources

Consumer Crypto & Net New Assets: https://app.blockworksresearch.com/research/consumer-crypto-and-net-new-assets

Thread Version: https://x.com/_ryanrconnor/status/1924876335777734950

Trading Bot Market Share: https://x.com/defi_kay_/status/1920154686642139474

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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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Timestamps:

(0:00) Introduction

(5:46) Bitcoin Testing All-Time Highs

(11:54) Ads (Algorand & Ledger)

(12:40) The Believe App & Internet Captial Markets

(24:18) Believe's GTM Strategy

(32:16) Ads (Algorand & Ledger)

(33:25) The Trading App Landscape

(46:42) Marinade Ad

(47:14) How Should We Value Blockchains?

(52:56) Ethereum's Focus Today

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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, Danny, and our guests may hold positions in the companies, funds, or projects discussed.