Messari's Unqualified Opinions

In this week's episode, the Messari Enterprise team covers a loaded agenda:🔹 Helium Mobile’s move to burn 100% of revenue in HNT🔹 Fed pivot sparks a rally in ETH and TradFi equities🔹 Capital rotation across majors, altcoins, and onchain flows🔹 Hyperliquid smashes volume records and cements its spot as a top onchain venue🔹 Prediction markets (Flipper, Polymarket, KHI) gaining new traction🔹 Bio Protocol’s flywheel and the future of DeSci funding00:53 Introductions1:53 Market Outlook3:34 On-Chain Flows14:44 Hyper EVM17:34 Prediction Markets20:54 Product Growth40:03 Coinbase43:18 Helium (HNT)50:57 On-Chain Work54:08 ConclusionHosted by Matthew Nay of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

Johann Eid, Chief Business Officer at Chainlink, dives into the pivotal role of focus in the competitive crypto landscape. He shares his insights on finding product-market fit through Aave's journey and the exciting potential of tokenization and interoperability for widespread adoption. Johann discusses how blockchain connects traditional finance with crypto, highlighting a shift from skepticism to collaboration among institutions. He envisions a future where blockchain technology democratizes financial services, unlocking global financial freedom for all.

Ethereum is up over 45% this month, outpacing every major asset — but what’s fueling this explosive move? In this episode, Matthew Nay and the Messari Enterprise team break down the drivers behind ETH’s outperformance, the institutional treasury race between Bitmine and ESB, and how these moves could reshape DeFi markets.We also dive into macro market conditions, CPI expectations, the surprising reception to GPT-5, ETH DeFi fundamentals, the Solana vs ETH narrative battle, and the breakout performance of projects like Zora and Succinct. Plus, we cover on-chain trends, perps, restaking, and why SocialFi may be the next hot narrative.Whether you’re an investor, builder, or DeFi degen, this is your front-row seat to the trends moving crypto markets right now.00:42 Introductions1:08 Macro Outlook8:28 ETH Treasuries15:56 DeFi Shift19:56 ETH vs. Solana25:24 Zora Rally34:24 Ecosystem Trends48:02 On-Chain Activity54:33 ConclusionHosted by Matthew Nay of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

💡 Ask Messari Copilot: How will stablecoins reshape global finance if Treasury demand and TradFi adoption continue accelerating?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoin-future-79313968-8b6e-4ae5-b1cf-2fa779c6f098In Episode 10 of Shoot the Pod, the Messari Enterprise team breaks down a jam-packed week across crypto markets, TradFi trends, and frontier tech. We dive into Scott Bessant's bold prediction of a $3.7 trillion stablecoin market, the U.S. Treasury's surprisingly bullish stance, and how stablecoins might be used to backstop U.S. deficits.We also explore the explosion of Ethereum treasury activity, institutional appetite for onchain assets, and the fallout from Pump.Fun’s underwhelming launch. Plus: Zora’s surprise breakout, NFTs staging a comeback, and the emergence of DePIN-powered devices like the Dawn Blackbox.00:44 Introductions5:27 Macro Trends & Predictions7:30 Fund Strategies & Risk26:07 Market Sentiment46:06 Crypto Adoption & NFTs50:46 Stablecoin Forecast & DeFi1:02:18 On-Chain Activity1:10:19 Hyperliquid & Tools Access1:11:38 ConclusionHosted by Matthew Nay of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

Want a comprehensive look at the stablecoin sector from top Messari analysts and industry-leading contributing partners? 📥 Download the FREE State of Stablecoins 2025 report live now: https://messari.io/report/state-of-stablecoins💡 Ask Messari Copilot: What do you think is the biggest untold story behind stablecoin adoption — enterprise growth, geopolitical implications, or DeFi-native FX innovation?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoin-adoption-untold-stories-548e40d4-bf68-43c6-b361-0c7a0a7d572fAre stablecoins the future of global payments? In this episode of Unqualified Opinions, Messari’s Andrew Young speaks with Anthony Yim of Artemis to discuss the findings of their new State of Stablecoins report.From B2B cross-border transactions to stablecoin-linked card payments and the dominance of Tron and Tether, this episode dives into the data behind the exponential growth of stablecoin infrastructure. Anthony shares insights on enterprise adoption, regional frictions, the realities of replacing legacy payment rails, and why major networks like Visa and Mastercard may not be going anywhere.We also explore:- How stablecoins are already rivaling legacy rails like PayPal and Visa- Why emerging markets are at the forefront of stablecoin usage- The geopolitical risks of dollar dominance in a tokenized economy- What new opportunities could arise from open, programmable money rails00:30 Introductions1:17 Survey & B2B Payment Trends7:17 Speed & Card Usage17:17 Stablecoin Behavior & Liquidity22:09 Regulation & Government Response31:54 Adoption Challenges35:51 Stablecoins as Strategy39:21 ConclusionHosted by Andrew Dyer of MessariFull list of contributing partners includes: Coinbase Developer Foundation, Tether, Tron, Addressable, Circle, Global Dollar Network, Stellar, Sky, Hyperbeat, Perena, fx Protocol, Bitso, Huma, Ondo Finance, Plasma, Firefly, Dragonfly, Anchorage Digital, and Sphere.Follow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

Want a comprehensive look at the stablecoin sector from top Messari analysts and industry-leading contributing partners? 📥 Download the FREE State of Stablecoins 2025 report live now: https://messari.io/report/state-of-stablecoins💡 Ask Messari Copilot: How should emerging markets balance the benefits of dollar-denominated stablecoin access with the risks to their sovereign monetary policy?👉 See Copilot's Response: https://messari.io/copilot/share/stablecoins-in-emerging-markets-a-balancing-act-63575aa2-c161-4091-b2b4-166c5cd640a3In this special Unqualified Opinions episode, Messari’s Andrew dives deep into the cross-border stablecoin economy with Arnold Lee, co-founder of Sphere Labs.They unpack:- What it means to operate without clear money transmitter laws in emerging markets- How “stablecoin sandwiches” are revolutionizing cross-border payments- Why FX inefficiencies still dominate traditional finance rails- The core thesis behind Sphere Pay and the Sphereet private Solana cluster- Why small, agile companies may have an edge over global fintech giants like Wise and Revolut- The looming tension between dollar stablecoin adoption and sovereign monetary policyWhether you're a builder in fintech, a stablecoin researcher, or just crypto-curious, this episode offers a comprehensive look at the real-world implications, frictions, and transformative potential of programmable money.00:45 Introductions1:11 What Sphere Is3:22 User Benefits15:39 How Liquidity Works25:33 Role in Routing34:52 Use Cases44:39 Competitor Talk47:27 Future and Risk1:05:40 What's Next?1:08:08 ConclusionHosted by Andrew Dyer of MessariFull list of contributing partners includes: Coinbase Developer Foundation, Tether, Tron, Addressable, Circle, Global Dollar Network, Stellar, Sky, Hyperbeat, Perena, fx Protocol, Bitso, Huma, Ondo Finance, Plasma, Firefly, Dragonfly, Anchorage Digital, and Sphere.Follow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

💡 Ask Messari Copilot: How is Phantom’s integration with Hyperliquid reshaping the future of on-chain perps and trading UX?👉 See Copilot's Response: https://messari.io/copilot/share/phantom-and-hyperliquid-integration-fe7767d4-8f7c-4efc-96d7-76682a2b2c75This episode of STSP covers the major catalysts driving crypto forward in July 2025. The team dives into the massive PUMP ICO, Hyperliquid’s breakout moment with Phantom, and what this means for the future of builder codes, trading infra, and Solana’s role in the evolving on-chain stack.Get insights into token launches, altcoin season indicators, macro momentum, and how Hyperliquid’s tech stack is rivaling CEXs in real time. Plus, a bullish Helium update and the team's on-chain plays.00:38 Introductions1:31 Macro & Bitcoin10:10 Crypto Week Impact11:50 PUMP & Meme Wars32:19 Urgency & Price Moves34:19 Hyperliquid vs. Others46:42 Chain Launch Talk47:27 Helium Update52:34 On-Chain Activity56:11 ConclusionHosted by Matthew Nay of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

In this Fully Diluted episode from ETHCC, we sit down with Terrence Kwok, founder of Humanity Protocol, to explore how palm biometrics, zero-knowledge proofs, and decentralized identity validators are coming together to build a new foundation for trust in the digital age. We cover:- The challenge of verifying human identity in an AI-heavy world- Why palm biometrics are more accurate (and less creepy) than other options- How Humanity Protocol enables privacy-preserving credentials for everything from proof of education to credit scores- The role of ZK-TLS and their recent acquisition of Moongate to scale real-world adoptio- What makes Humanity different from Worldcoin—and why they built their own chainTerrence also shares how they’ve grown to nearly 10M Human IDs globally, and why most future users may never realize they’re interacting with a blockchain at all.00:07 Introductions4:00 Tech Breakdown13:15 Credential Composability17:12 Why Build Your Own Chain?18:18 Global Go-To-Market20:31 Distribution Strategy23:09 User Incentives24:57 Roadmap28:26 AI Deepfakes30:04 ConclusionHosted by Dylan Bane of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.

Sonny Shi, a member of Messari's enterprise team, dives into the exciting intersection of traditional finance and crypto. He discusses how tokenized stocks on Arbitrum could reshape on-chain liquidity and attract retail investors. The conversation also uncovers Hyperliquid's advantages over centralized exchanges like Robinhood and the future of decentralized financial platforms. Sonny shares insights on the surge of stablecoins and the potential impact of upcoming ETFs on market dynamics, highlighting the evolution of financial super apps.

💡 Ask Messari Copilot: What are the tradeoffs between valuing a Layer 1 blockchain using revenue vs. monetary premium?✨ See Copilot's Response: https://messari.io/copilot/share/layer-1-valuation-tradeoffs-a9a432a8-41bc-4281-963b-f836318a6502Bitcoin barely flinched during recent geopolitical chaos. Is BTC becoming more resilient—dare we say… gold-like? In this episode of STSP, we explore Bitcoin’s price action in the face of macro stress, the rise of on-chain order books (CLOBs), and the growing stablecoin wars between TradFi giants and crypto natives. We also dive into valuation models, memecoin exposure for institutions, and whether your favorite L1s deserve trillion-dollar dreams.Featuring spicy takes, galaxy brain theories, and just the right amount of terminally online behavior.00:37 Introductions1:01 CLOB Basics11:40 Stablecoin Talk17:40 Market Outlook30:49 L1 Valuation45:16 Pump.fun Valuation50:32 Onchain Activity55:41 ConclusionHosted by Dylan Bane of MessariFollow Messari on Twitter: https://twitter.com/MessariCryptoFollow Unqualified Opinions on Spotify: https://open.spotify.com/show/0uG5qpwFg67zTt0VQRTaZ7?si=13163cbebe01415eFollow Unqualified Opinions on Apple Podcasts: https://podcasts.apple.com/us/podcast/messaris-unqualified-opinions/id1455666979____This episode and its contents do not necessarily reflect the opinions of Messari, Inc. Hosts and guests may hold cryptocurrencies discussed in this content. This content is meant for informational purposes only. It is not meant to serve as investment advice. You should conduct your own research, and consult an independent financial, tax, or legal advisor before making any investment decisions. Nothing contained in this content is a recommendation or suggestion, directly or indirectly, to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer. This content should not be construed as an offer to sell or the solicitation of an offer to buy any security or commodity. Messari does not guarantee the sequence, accuracy, completeness, or timeliness of any information provided in this content.