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Next SEC Chair, Valuing Decentralized Networks, DeFi Bull Run

This week on Unchained: Who Harris is considering for SEC Chair, and what a fair value for crypto networks is. Plus, is a DeFi bull run ahead?

October 19, 2024

We launched Unregulated, our new crypto regulatory newsletter! 

And with it, a fantastic scoop by Unchained reporter Veronica Irwin on who Kamala Harris is considering for SEC Chair. Read it here:

Valuing decentralized networks such as Bitcoin, Ethereum, and Solana is tricky. In this episode, Jon Charbonneau breaks down the key factors that determine the value of blockchain networks and how Layer 2s impact these valuations.

How do you determine the value of decentralized networks like Bitcoin, Ethereum, or Solana? It’s not as straightforward as traditional investments.

Jon Charbonneau, general partner at crypto investment firm DBA, joins Unchained after writing a paper that dives deep into the complexities of valuing blockchain networks. He explains why applying traditional equity models to networks such as Bitcoin falls short, how tax inefficiencies in staking rewards impact valuations, and whether Layer 2 solutions like Optimism and Arbitrum are helping or hurting the long-term value of Layer 1 blockchains.

Also, he looks at the big question—are these networks sustainable in the long run?

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

DeFi tokens have lagged in this cycle. Is that trend over? Investors Arthur Cheong and Jordi Alexander say yes.

DeFi tokens have faced significant challenges in recent years. However, are we now on the verge of a new bull market?

Arthur Cheong, founder and chief investment officer of DeFiance Capital, and Jordi Alexander, founder of Selini Capital and chief alchemist at Mantle, join the show to discuss why they believe DeFi is poised for growth. They dive into how DeFi’s security and user experience have improved, the impact of layer 2 solutions on Ethereum, and whether Ethereum or Solana will drive the next bull run. Plus, they discuss whether interest in memecoins takes attention from DeFi, and why sustainable tokenomics matters when it comes to valuing coins.

Are DeFi tokens finally ready to shine again?

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

Memecoin Supercycle, Uniswap’s Chain Gamble, & Kamala’s Crypto Play

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner slice into the juiciest topics in crypto. In this episode, the crew dives headfirst into the “Memecoin Supercycle,” sparking a debate on whether these wild, meme-powered coins are just a fleeting obsession or a genuine revolution. They then dissect Uniswap’s bold leap to launch its own chain on the Optimism Superchain, asking if this move could steal the spotlight from Ethereum and forever reshape the DeFi landscape. And just when you think it’s all about tech, they dive into Kamala Harris’ latest crypto play, with an eyebrow-raising appeal to memecoin investors. From soaring hype to DeFi drama and political power moves, this episode is packed with hot takes, spicy predictions, and a glimpse at what might lie ahead in the world of crypto.

In Case You Missed It 👀

Here are some articles you will probably want to read:

Vitalik Buterin has always been seen as the quiet genius behind Ethereum—focused, introspective, and more interested in solving complex problems than stirring up hype. But that appears to have changed recently.

SPX6900 is a $640 million market cap memecoin with the quixotic goal of achieving a larger market cap than that of the S&P 500.

GOAT, a memecoin popularized by an artificial intelligence agent named Terminal of Truths, is a reference to a pseudo-religion sparked by a conversation between two instances of the same Anthropic AI Model.

Monthly active addresses hit a record high of 220 million, noted venture firm a16z’s crypto research team.

Two recent updates—one involving SOL as a potential backing asset for USDe and the other about a large planned investment in real-word asset products—appear to be behind the rise.

Read the Weekly Recap!

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