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Yo-yo yo what up what up Good 
morning good morning GMG choose 

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Wednesday, Tuesday, Tuesday 
April 15th, 2025 look at that 

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another beautiful day to have a 
beautiful day. 

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I got my Co host in the house, 
Mando Tyler. 

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Good morning. 
How you guys doing today? 

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I'm doing amazing man. 
How are you of? 

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Course, you're doing amazing. 
You guys are cooking Jesus 

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living sunshine, cooking up like
crazy on meat. 

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I love that. 
I am also doing fantastic. 

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I got to say this Portugal is 
rubbing off on me. 

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So I I I totally get why why you
I I understand now, you know 

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Tyler Helmand always goes I'm 
fantastic. 

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I'm starting to get it, you 
know, like I, I really fucking 

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get it, you know, and it is a 
good life for Tyler. 

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BIG40I want to see some GMs. I 
want to see some happy birthdays

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in the comments. 
It is your beloved Tyler did its

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big birthday today. 
I want to see the comments go 

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off. 
I want to see everybody shout 

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happy birthday to our boy Tyler.
Tyler good morning. 

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You're showing up on your big 
birthday. 

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How you doing today? 
Yeah, doing great. 

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It's the four O milestone 
birthday here. 

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It's been a great one. 
It's been had a fun time 

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celebrating friends this past 
weekend and do some family stuff

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today and then a long weekend 
with the family for Easter here 

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this weekend. 
So excited and hoping we get a 

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little fart coin around to a 
dollar. 

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You would punctuate the 
birthday. 

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I was going to ask you what your
one wish is for your birthday. 

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I was hoping it was pups 
related. 

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You're my favorite boomer, 
Tyler, You're my favorite 

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boomer. 
Well, I appreciate that. 

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You know what you are? 
Yeah, I guess you are now. 

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Is 40 now officially Boomer 
territory? 

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I am still a millennial. 
That's what he said to himself 

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when he woke up this morning. 
Yeah, you're still a millennial.

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You're still a millennial. 
So now spending more time adding

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that to my daily routine, Yes. 
Dude, you're like the exactly 

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bootleg Bruce Lee saying Tyler's
our big uncle. 

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Uncle Tyler Exactly. 
That's no boomer is 1964 last 

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year. 
Well, you know, you are a 

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millennial in like regular 
terms, but in like crypto 

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Twitter terms. 
I mean, I'm 30 years old and I 

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feel like a boomer, you know? 
What's so funny about like it, 

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it was NFT started this way and 
then kind of cryptos like it, 

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it, it was like high schoolers 
and 40 year old dads and like, 

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it really is true. 
And then, like you, you've got 

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folks in the middle, of course, 
but there's a lot of dads out 

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there grabbing this stuff. 
Dude, it listen puts food on the

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table, probably more food on the
table that that the average 

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regular job. 
So I I don't blame you. 

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You guys are cooking. 
So listen big happy birthday to 

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Tyler showing up today on his on
his on his 40th birthday. 

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Hey guys, if, if you want to do 
Tyler a favor, I heard if you 

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send puffs back up to A to a 
dollar, you know it would it 

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would make his life incredible. 
So I absolutely love that 

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anyways, today on the show, 
aside from it being Tyler's 

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birthday, we got what do we got 
market report. 

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The market's looking good, same 
as yesterday, but we'll we'll 

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we'll chit chat about that. 
We got Tyler's top 1000. 

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Let's see what he's got for us 
today. 

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Looks like there's still a lot 
going on. 

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The space is thriving. 
We've got, and at the end, Oh 

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no, we've got a big guest coming
on the founder of Wallet Connect

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who's also a partner of ours, 
not only on the show but also on

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Myriad, which by the way, we'll 
talk about this in a minute. 

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But with the open they just got 
on their token, it looks like 

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we're giving away $55,000 on 
Myriad Markets for participating

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into a free prediction market. 
Yes, freefree.com, it costs 

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$0.00. 
Choose Myriad. 

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By the way, surprise. 
So the people who got ahead, 

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congratulations because there's 
36,000 participants now on this,

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on the contest. 
So it looks like there's a lot 

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of money up for grabs. 
And Speaking of money, speeding,

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money for grabs, yeah, so or 
other show partner ye, not one, 

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but two winners today. 
We're going to give you guys 

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$1000 each to gamble with. 
The minimum you're going to walk

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off with looks like it's going 
to be about $500 each. 

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So we're already going to going 
to give you some money, but also

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no maximum. 
So you never know, let's play 

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some lamb chop later and check 
it out. 

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For that, you do have to sign up
using a referral code. 

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All the details on the FOMO hour
account and what I'm going to do

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in a second here. 
Once I have my hands free, I'm 

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going to pin the tweet so that 
you guys can easily. 

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I got it. 
I just pinned it. 

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There are both. 
Working so we go back to the 

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same system, but you've got to 
put you've just got to put your 

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username in it will pick you 
from there let's. 

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Fucking go rafflebots. 
We saw some complaints earlier. 

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We fixed it shot to DJ and Thai.
So just go to rafflebot fedexyz 

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and sign up. 
But I also, you know, pinned the

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stuff on top. 
So those that will pick two 

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people on raffle. 
But to come and gamble on stage 

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with us, I'll be fun. 
And as usual, this show is 

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powered by well, there's only 
one ad read now try to have 

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fallen soldiers. 
We do want to thank galaxies. 

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It was incredible run. 
It was a it was a we loved 

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working with you guys. 
Can't wait to work with you guys

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again in the future. 
But this was powered by wallet 

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connect Wallet connect is the 
connectivity network shaping the

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future of on chain UX. 
If you've connected to web 3 

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app, you've seen wallet connect 
the apple logo. 

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It's everywhere. 
And I kind of trust in crypto as

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recognizable as visa at 
checkout. 

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Want to learn more? 
Follow up connect on X and 

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00:05:18,920 --> 00:05:21,760
telegram to stay ahead of what's
next. 

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But anyways, anyways, anyways, 
Mando, let's what you got for us

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today. 
Yeah, GM everyone, I think it's 

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one of these days where we're 
just hire everything feels OK, 

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like definitely just feels a 
continuation of of what we were 

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talking about yesterday and that
people are generally less 

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bearish about just the rhetoric 
coming out from the trade war 

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stuff. 
And and that's generally been 

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taken as positive for crypto. 
So the only, the only thing I've

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been looking at is been the 10 
year and that's also lower, 

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which has been good for markets 
and Bitcoin. 

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I only hit out 86 1/2 K just 
before we went live. 

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So I think I think it can go 
quite a bit higher, if I'm 

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honest. 
I do think that Bitcoin here is 

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going to push on towards 90K and
maybe even above that here. 

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I do. 
I do think it's in its sights in

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terms of L1's which are doing 
well, like sovereignty had a 

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good continues to be one of the 
stronger L1's. 

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Salon is back to 133, which is 
doing well. 

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But Bitcoin dominance is still 
where is it now 64% every day 

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it's higher. 
So it's still, it's still a 

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Bitcoin market here. 
Tough to beat Bitcoin 

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performance, that's for certain.
This week is a little bit light 

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on like stuff that can derail us
because it's Easter week 

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weekend. 
We we don't have a ton that's 

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going to that's going to affect 
us. 

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So like could just be a quiet 
rally, little Easter rally for 

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us, I think, which would be 
which would be quite nice. 

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There is just in this, you know,
in the stock market in Germany 

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and markets has been pretty 
high. 

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So without news that will take 
us lower and really all that 

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news would be be something 
really bad because I don't like 

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really cataplysmic is what I'm 
saying, because I don't really 

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think people's paying that much 
attention to someone off comment

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from Trump at the moment, or at 
least those dips are being 

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quickly bought. 
So I think we have a little bit 

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of a low volatility rally on our
hands here. 

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That's that's my go. 
Sorry, I have to mute myself. 

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I don't have headphones today, 
so it looks like the market's 

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doing good Yeah absolutely love 
to see that. 

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So big ones. 
Well, 86 K love to see that I 

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like the Easter rally thing here
you got going on. 

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You know, let's say the little 
Easter bunny's coming for us and

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and Easter Bunny hopefully likes
to fart. 

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So we'll see what happens there 
because that's for Tyler's 

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birthday. 
So there's not much more we need

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to go over the market. 
Just quickly question if I was 

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thinking about it, Mendo, do you
think the market is a little bit

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over the whole Trump headline 
tariff war thing right now 

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because it was aggressive pull 
back last week across the board,

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right? 
I think it was historical dips 

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on NASDAQ and S and. 
Pi think they're not, they're 

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not really. 
The tariff still, I think could 

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point us towards a recession and
I don't think bond yields are 

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out of the woods, but I do think
that people are discounting 

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Trump's statements a bit more 
than they were before. 

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And that's that's what I've been
saying like ever since he had to

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like basically walk it back to 
the bond market. 

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I think everyone kind of said, 
OK, well, this is actually 

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pretty good. 
Now crypto, crypto can start to 

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correlate way more with gold 
again, because you know how 

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going to have this like vicious 
sell off and positioning was 

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very light kind of across the 
board in risk assets. 

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So strong period. 
You've also had like, the dollar

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continues to be pretty weak, and
that's a little bit perplexing 

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because bond yields are high. 
So yeah, that could either point

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to other countries forcing it 
lower and selling their 

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reserves, but that would 
normally mean bond yields going 

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higher, or it can point to a 
slight loss in US hegemony here.

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And I think a part of the 
narrative is that is that the US

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slightly hurt itself with this. 
And I think that's why you're 

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also seeing things like gold and
Bitcoin react slightly better 

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because they're seen as more 
decentralized or, yeah, not tied

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to anyone government. 
OK, OK. 

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Yeah, I was just wondering this 
yesterday because I'm like, 

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well, taking the thing, these 
things that this trade war is 

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not finished, but it looks like 
the market's kind of shaking it 

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off a little bit. 
So I was wondering, you know, 

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because a lot of people are 
scared about what happens if 

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there's more headlines. 
Have you guys been following 

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what's happening on TikTok with 
like Chinese TikTok? 

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Well, the luxury goods stuff, 
yeah, it's kind of wild, but how

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cheap all this stuff is? 
There's like, I've been sending 

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everything to Vanessa. 
So like every time there's a 

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thread on like this Ms. bag 
actually costs like $1200 to 

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make. 
I've been sending them all and 

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then she goes. 
But you know, baby, it's the 

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brand value. 
You can still resell it. 

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00:10:26,760 --> 00:10:27,960
You know, it's the same as your 
watches. 

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I know actually my watches are 
made in Geneva by hand. 

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But there's a difference. 
There's a difference, Mama. 

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But when I. 
Went to India, I realized how 

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much was made there and it's 
just wild how stupid it is 

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compared. 
To So basically Chinese TikTok 

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has decided to go in a war 
against the terrorists by 

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explaining how every single 
LVMH, non LVMH brand, luxury 

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good, Hermes, Cartier, whatever 
makes their goods, but even 

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their sense. 
So they've been like doxing all 

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of their like Hong Kong 
suppliers, Shenzhen, Guangzhou, 

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like they've just been full on 
doxing exactly how they make him

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and it's it's actually been 
hilarious. 

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So I was just wondering if you 
guys saw that because that was 

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00:11:08,440 --> 00:11:11,160
so funny. 
This whole like war that was 

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taking a TikTok Tyler. 
Did their results yesterday like

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and they they're not good. 
Luxury companies at the moment 

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have been really badly hit 
because it's the loss of wealth 

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ready in China before this. 
And then the trade war was meant

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to really hurt them too. 
So a lot of those luxury stocks 

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are down a lot. 
I. 

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Was not having a great time. 
Yeah, I mean, you saw Coachella,

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00:11:35,240 --> 00:11:37,640
This headline was going around 
yesterday. 60% of Coachella 

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tickets were bought on buy now, 
pay later. 

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00:11:41,200 --> 00:11:43,280
Dude. 
I mean. 

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00:11:43,680 --> 00:11:45,960
Great. 
People still go to Coachella. 

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Yeah, I think so. 
I mean, I was a big people may 

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00:11:49,040 --> 00:11:51,520
not notice about me. 
I was a big music fest guy in my

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00:11:51,520 --> 00:11:54,760
in my early 20s, really didn't 
make it to Coachella by the 

224
00:11:54,840 --> 00:11:57,840
Austin city limits and then. 
Been there. 

225
00:11:58,480 --> 00:12:00,480
Of course, Chicago. 
I'm totally blinking. 

226
00:12:00,800 --> 00:12:02,040
Lollapalooza. 
Several. 

227
00:12:02,080 --> 00:12:03,680
Several. 
Times ruling loud, right? 

228
00:12:04,560 --> 00:12:06,640
Lollapalooza is the big one. 
Oh, Lollapalooza. 

229
00:12:07,840 --> 00:12:10,840
Yeah, of course. 
But I never bought them on buy 

230
00:12:10,840 --> 00:12:13,160
now pay later plans. 
I can I can say. 

231
00:12:13,200 --> 00:12:15,080
That, I mean, back in your days,
I don't think that existed, 

232
00:12:15,080 --> 00:12:16,600
right. 
So you know. 

233
00:12:16,600 --> 00:12:17,600
Back in your days? 
Oh. 

234
00:12:18,720 --> 00:12:21,440
Come on. 
All right, get all the age jokes

235
00:12:21,440 --> 00:12:25,600
out now. 
Didn't have credit cards back. 

236
00:12:26,160 --> 00:12:28,280
Then that's not nice. 
It's it's the guy's birthday. 

237
00:12:28,280 --> 00:12:29,840
That's not nice. 
It's not nice. 

238
00:12:30,040 --> 00:12:32,440
Bonnaroo electric forest. 
So you guys have everything. 

239
00:12:32,680 --> 00:12:36,560
That's dude, I, I we got to go. 
We Tyler Mcmando, we got to go 

240
00:12:36,560 --> 00:12:39,080
to like the festival together at
this stage, I don't Mando's a 

241
00:12:39,080 --> 00:12:40,960
big festival. 
He was a festival guy. 

242
00:12:41,280 --> 00:12:44,280
Now he's got kids, so. 
Portugal has some pretty wild 

243
00:12:44,280 --> 00:12:47,360
festivals. 
There's a festival out in the 

244
00:12:47,360 --> 00:12:50,400
woods in Portugal which is like 
a one week trance event. 

245
00:12:50,400 --> 00:12:54,320
It's like one of the best known 
and everyone just goes to like a

246
00:12:54,320 --> 00:12:56,880
lake with some, I forget the 
name of it, Boom Festival. 

247
00:12:57,000 --> 00:12:58,880
It's called Boom Festival. 
And you? 

248
00:12:59,600 --> 00:13:03,600
Go there and take a bunch of 
acid with like 1000 people. 

249
00:13:05,320 --> 00:13:06,960
Very famous. 
Fun. 

250
00:13:07,800 --> 00:13:11,040
So not too much in the acid but 
but that does sound fun. 

251
00:13:11,320 --> 00:13:14,200
Really nice. 
Yeah, All right, All right, 

252
00:13:14,400 --> 00:13:16,600
Well, there boom in Portugal. 
There you go, Dennis. 

253
00:13:16,800 --> 00:13:19,680
Dennis in the chat looks. 
In July, we can go, we can go. 

254
00:13:20,960 --> 00:13:23,240
It's probably one of the most 
famous like psychedelic 

255
00:13:23,240 --> 00:13:25,880
festivals in in the world. 
I'm in. 

256
00:13:26,160 --> 00:13:27,640
Let's host a formal hour from 
there. 

257
00:13:28,560 --> 00:13:34,080
Yeah, maybe not, maybe not. 
We'll do the F1 thing with Gate 

258
00:13:34,080 --> 00:13:36,920
instead. 
Let's avoid hosting from from 

259
00:13:36,920 --> 00:13:39,800
from festival from festivals. 
Anyways, yeah, I do love 

260
00:13:39,800 --> 00:13:42,680
concerts and everything can. 
You imagine us doing a live from

261
00:13:42,680 --> 00:13:45,880
Boom Festival 40,000. 
People. 

262
00:13:47,200 --> 00:13:49,200
I mean it's. 
Usually in the middle of nowhere

263
00:13:49,640 --> 00:13:52,120
in. 
This is this would be tough I I 

264
00:13:52,120 --> 00:13:56,360
did host one FOMO hour with no 
sleep off of a Bender one that 

265
00:13:56,360 --> 00:13:57,200
one time. 
Wow. 

266
00:13:57,560 --> 00:13:58,520
Multiple. 
Times. 

267
00:14:01,120 --> 00:14:03,960
I was back in the days when I 
was sub 30 I'm 30 now. 

268
00:14:03,960 --> 00:14:07,120
OK, I'm I'm a very serious man 
now I'm a president now you know

269
00:14:07,120 --> 00:14:09,000
I got to be more careful here on
camera. 

270
00:14:09,000 --> 00:14:15,000
Anyways, let's move on to 
Tyler's top 100 four daily NFT 

271
00:14:15,520 --> 00:14:21,480
and crypto analysis Tyler D on 
FOMO our calls the kid can. 

272
00:14:22,280 --> 00:14:27,640
Bring the batch the barriers 
yeah, crypto majors mixed on the

273
00:14:27,640 --> 00:14:29,640
day. 
Bitcoin still outperforming not 

274
00:14:29,640 --> 00:14:33,400
a whole lot of big macro 
headlines coming in on the day, 

275
00:14:33,400 --> 00:14:36,600
though we we did see that Bo 
Hines interview with Anthony 

276
00:14:36,600 --> 00:14:40,520
Pompliano get published going 
around, you know, around the 

277
00:14:40,520 --> 00:14:43,480
horn and they're saying that the
Trump admin is exploring ways to

278
00:14:43,480 --> 00:14:46,720
buy Bitcoin, including 
potentially using tariff revenue

279
00:14:46,720 --> 00:14:49,200
along with revaluing their gold 
stores to potentially exchange 

280
00:14:49,200 --> 00:14:50,400
for bitcoins. 
So I think we'd heard a little 

281
00:14:50,400 --> 00:14:53,680
bit about that before, but Bo is
continuing to reinforce that. 

282
00:14:54,040 --> 00:14:56,720
We saw crack it big news. 
They launched their zero 

283
00:14:56,720 --> 00:15:00,640
Commission trading for 11,000 
stocks and ETFs alongside 

284
00:15:00,640 --> 00:15:02,680
crypto. 
So they're taking aim at Robin 

285
00:15:02,680 --> 00:15:06,480
Hood Canada getting ready for 
those Solana ETFs ready to 

286
00:15:06,480 --> 00:15:09,680
launch tomorrow, April 16th, go 
live. 

287
00:15:09,680 --> 00:15:11,880
Those solo TFs will be live. 
Oh, Canada. 

288
00:15:12,480 --> 00:15:17,480
Visa is joined the Paxos USDG 
stable coin consortium alongside

289
00:15:17,480 --> 00:15:20,840
Robin Hood, Kraken and Galaxy, 
becoming the first major tradify

290
00:15:20,840 --> 00:15:25,000
firm in that network that shares
yield for their stable coin 

291
00:15:25,880 --> 00:15:27,560
Tether. 
So it's going to throw resources

292
00:15:27,560 --> 00:15:29,920
behind Jack Dorsey's Bitcoin 
miner Ocean. 

293
00:15:30,040 --> 00:15:34,080
Some new C5 centralized finance 
lending market data shows around

294
00:15:34,080 --> 00:15:37,200
$10 billion in outstanding 
crypto loans compared to 35 

295
00:15:37,200 --> 00:15:41,480
billion at peak in 2021, showing
perhaps where we are in the 

296
00:15:41,480 --> 00:15:43,200
cycle. 
Maybe a little bit earlier, 

297
00:15:43,200 --> 00:15:46,480
though the C5 plus D5 total is 
closer to 40 billion. 

298
00:15:46,840 --> 00:15:50,160
And then this argument continues
going around the talk says pump 

299
00:15:50,160 --> 00:15:51,880
fund is bad. 
Jesse Pollock comes out and 

300
00:15:51,880 --> 00:15:55,440
disagrees, arguing that is a 
nascent form of content. 

301
00:15:55,440 --> 00:15:58,520
Moving on, Jane Kick starting 
once again a larger debate if 

302
00:15:58,520 --> 00:16:01,080
pump fun is good or bad. 
In token and dropping protocol 

303
00:16:01,080 --> 00:16:04,120
news, Openc introduced Solana 
token Trading Live on its 

304
00:16:04,120 --> 00:16:07,720
platform for select beta users, 
with Solana in AT trading coming

305
00:16:07,720 --> 00:16:09,280
soon. 
That was a big one. 

306
00:16:09,280 --> 00:16:13,160
Jupiter introduced Jupiter Pro 
offering real time data, new 

307
00:16:13,160 --> 00:16:15,600
defaults for quick buys and 
currency, a fresh token 

308
00:16:15,600 --> 00:16:17,880
terminal, 10X lower fees, and 
more. 

309
00:16:18,840 --> 00:16:21,760
Wayfinder announced the prompt 
distributions for those cashing 

310
00:16:21,760 --> 00:16:25,040
Prime will take place every 
Thursday, so there will be 

311
00:16:25,040 --> 00:16:28,080
weekly token unlocks for prompts
for those cashing prime. 

312
00:16:28,480 --> 00:16:31,080
The wall connect WCT token 
became transferable this 

313
00:16:31,080 --> 00:16:33,000
morning. 
Opened up at around a $315 

314
00:16:33,000 --> 00:16:35,240
million FTVI. 
Think it just went live on 

315
00:16:35,360 --> 00:16:37,040
finance. 
I think I saw that headline come

316
00:16:37,360 --> 00:16:40,160
right before we went live. 
It was a big day for our guest 

317
00:16:40,160 --> 00:16:42,160
here. 
The RE staking protocol kernel 

318
00:16:42,160 --> 00:16:45,200
Dow launched its kernel token 
that opened at a $320 million 

319
00:16:45,200 --> 00:16:48,920
FTV. 
Then yeep, yeep, across $20 

320
00:16:48,920 --> 00:16:52,240
million in lifetime volume 
yesterday, just four days. 

321
00:16:52,800 --> 00:16:54,880
So that's some some pretty quick
not to. 

322
00:16:54,960 --> 00:16:58,200
Hit 20. 
Five yeah, $5,000,000 a day. 

323
00:16:59,600 --> 00:17:03,240
Damn bro, I just want to hit 
that one Angel investment like 

324
00:17:03,240 --> 00:17:06,839
Matt Wong and Byte Dance where 
he turned $50,000 to $500 

325
00:17:06,839 --> 00:17:09,839
million. 
So Mando, the ball is in your 

326
00:17:09,839 --> 00:17:10,319
court. 
Let's. 

327
00:17:11,440 --> 00:17:13,960
See what I can do? 
Let's see what I can do. 

328
00:17:14,640 --> 00:17:17,319
I had 18 calls yesterday. 
I counted them all at the end of

329
00:17:17,319 --> 00:17:19,400
the day. 
How is that normal? 

330
00:17:20,040 --> 00:17:21,240
Yeah. 
Mendo's in trouble at home, 

331
00:17:21,240 --> 00:17:23,280
guys. 
Mendo's in trouble, yeah. 

332
00:17:25,599 --> 00:17:28,200
And that's on top of two shows 
you did yesterday. 

333
00:17:29,880 --> 00:17:32,200
No one of actually I counted one
of the shows is the call. 

334
00:17:32,520 --> 00:17:35,960
Oh, OK. 
Oh, yeah, I do the same thing. 

335
00:17:36,400 --> 00:17:38,320
These shows are video calls 
anyways, Tyler. 

336
00:17:38,320 --> 00:17:41,000
I mean, where do we start? 
Like micros, whatever kind of 

337
00:17:41,000 --> 00:17:44,760
unchanged, untouched the markets
kind of sideways. 

338
00:17:44,760 --> 00:17:47,320
It looks like we're ranging 
really and it's like 8486 range 

339
00:17:47,320 --> 00:17:51,640
on Bitcoin guys and like so long
it's kind of like one 28135 

340
00:17:52,560 --> 00:17:54,600
sideways. 
I wonder what it would take to 

341
00:17:54,600 --> 00:17:56,440
break us out. 
Like do you guys think like 

342
00:17:56,480 --> 00:17:59,320
this? 
A headline like a China USA 

343
00:17:59,320 --> 00:18:02,680
agreed to whatever the fuck 
would take us like 100K. 

344
00:18:03,880 --> 00:18:05,520
So. 
So there's a headline now 5 

345
00:18:05,520 --> 00:18:09,120
minutes ago, which is EU expects
US tariffs to remain as talks 

346
00:18:09,560 --> 00:18:13,360
make little progress. 
Bitcoin drops half a percent on 

347
00:18:13,360 --> 00:18:15,600
the back of that. 
Nothing. 

348
00:18:16,800 --> 00:18:19,280
Yeah, I just feel like people 
are people are just going to 

349
00:18:19,280 --> 00:18:22,360
fade all these headlines. 
I just genuinely think that I 

350
00:18:22,520 --> 00:18:27,960
think people just don't care. 
I think we've seen a little bit 

351
00:18:27,960 --> 00:18:32,320
of progress on the on the China 
communications and I think it's 

352
00:18:32,320 --> 00:18:34,720
going to be a long road. 
It's hard to count anything. 

353
00:18:34,840 --> 00:18:37,840
It'll be years. 
That's my view, I genuinely 

354
00:18:37,880 --> 00:18:41,080
think. 
But there are a couple other 

355
00:18:41,080 --> 00:18:44,000
wild cards, right? 
I mean, you've got big companies

356
00:18:44,000 --> 00:18:46,640
like GameStop, they start 
bidding. 

357
00:18:47,400 --> 00:18:50,000
I think there's some some folks 
out there think they're maybe 

358
00:18:50,000 --> 00:18:54,880
bidding yesterday. 
And then any additional news on 

359
00:18:54,880 --> 00:18:57,320
this Bitcoin reserve? 
I mean, that 180 day clock is 

360
00:18:57,320 --> 00:19:00,080
ticking. 
And I think Beau referenced that

361
00:19:00,280 --> 00:19:02,040
in this conversation with 
Pompeiano. 

362
00:19:03,440 --> 00:19:06,320
He, he says specifically that 
180 day landmark is on the 

363
00:19:06,320 --> 00:19:09,640
horizon and they're, and they're
actively working on their, their

364
00:19:09,640 --> 00:19:11,920
plan. 
And I mean, he, he went as far 

365
00:19:11,920 --> 00:19:14,480
as saying he, he wants them to 
buy, he wants the US to buy as 

366
00:19:14,480 --> 00:19:16,920
much as they can. 
Of course, it's not just his 

367
00:19:16,920 --> 00:19:19,880
decision, right? 
There's a whole lot of factors, 

368
00:19:19,960 --> 00:19:25,000
a lot of politics that's going 
to go into that, but the tariff 

369
00:19:25,000 --> 00:19:29,320
revenue is going to be there. 
This, this whole gold revaluing 

370
00:19:30,640 --> 00:19:33,080
is a very interesting 1. 
So I think that's another factor

371
00:19:33,080 --> 00:19:37,120
here to, to watch in the in the 
near term. 

372
00:19:38,120 --> 00:19:41,760
I, I think more people are 
getting more casual investors 

373
00:19:41,760 --> 00:19:43,440
are, are, are getting into 
Bitcoin. 

374
00:19:43,440 --> 00:19:45,280
I'm saying that in more personal
conversations. 

375
00:19:45,320 --> 00:19:47,720
I was at a, a kids birthday 
party this weekend and, and 

376
00:19:47,720 --> 00:19:51,120
another dad I was, was kind of 
asking me my thoughts and said 

377
00:19:51,120 --> 00:19:54,960
that he's been kind of secretly 
investing some of the family 

378
00:19:54,960 --> 00:19:57,760
funds into Bitcoin. 
Maybe his wife didn't want to 

379
00:19:57,760 --> 00:20:01,920
know, but. 
I'm seeing more of that out 

380
00:20:01,920 --> 00:20:03,840
there and it's becoming more 
normalized. 

381
00:20:03,840 --> 00:20:08,480
This morning Papa was on Squawk 
Box and on CNBC and they're 

382
00:20:08,480 --> 00:20:10,560
having a very serious 
conversation about Bitcoin 

383
00:20:10,560 --> 00:20:15,080
versus gold and if and Papa was 
saying how gold typically 

384
00:20:15,080 --> 00:20:18,280
outperforms Bitcoin rallies 100 
days later. 

385
00:20:19,040 --> 00:20:20,920
And they weren't just laughing 
it off, right? 

386
00:20:20,960 --> 00:20:23,040
They're they're taking it very 
serious and it feels like 

387
00:20:23,040 --> 00:20:27,720
Bitcoin is has a serious seat at
the table, right? 

388
00:20:28,560 --> 00:20:33,240
I mean, that's kind of what we 
all kept talking about when DTS 

389
00:20:33,240 --> 00:20:34,520
are getting slowly adopted, 
right? 

390
00:20:34,520 --> 00:20:36,680
Or like it's going to take a 
bit, but Bitcoin's finally going

391
00:20:36,680 --> 00:20:39,960
to have a, a big seat at the 
table, right? 

392
00:20:39,960 --> 00:20:41,760
And then the rest of the market 
kind of follows. 

393
00:20:41,760 --> 00:20:44,360
So as long as Bitcoin keeps 
going and keeps doing well in 

394
00:20:44,360 --> 00:20:47,680
this, in this environment, which
it is, you know, like we got 2 

395
00:20:47,680 --> 00:20:49,240
headlines back to that, which is
like EU thing. 

396
00:20:49,240 --> 00:20:52,200
And then like the Prime Minister
of Canada is like President 

397
00:20:52,200 --> 00:20:54,160
Trump is attacking our sector, 
auto sector. 

398
00:20:54,160 --> 00:20:55,920
We can't provide guarantees for 
every situation. 

399
00:20:56,200 --> 00:20:58,880
So he still wants to go at it. 
Yet Bitcoin still kind of like 

400
00:20:58,880 --> 00:21:04,120
chilling the 85,000 USD range. 
So it looks like as long I think

401
00:21:04,120 --> 00:21:08,520
as long as as as as Bitcoin 
stays strong in this market like

402
00:21:08,520 --> 00:21:11,440
that, you're good. 
I mean, if you have the perfect 

403
00:21:11,440 --> 00:21:15,000
barbell portfolio, you know, 
Bitcoin fart coin, which is not 

404
00:21:15,000 --> 00:21:19,000
my barbell portfolio, sadly, 
which I mean, Farkon was a 

405
00:21:19,000 --> 00:21:20,760
little bit lower. 
I mean, I'm I'm looking at 

406
00:21:20,760 --> 00:21:22,400
Farkon here. 
If we go a little bit lower, I 

407
00:21:22,400 --> 00:21:25,320
think I might just dump all my 
swan into that and just chill. 

408
00:21:26,240 --> 00:21:30,240
My selling main go away will be 
allocate to Farkon. 

409
00:21:31,240 --> 00:21:32,880
See you with my birthday in 
September. 

410
00:21:32,880 --> 00:21:36,880
So it's looking at him anyways. 
Tyler, where else you have for 

411
00:21:36,880 --> 00:21:38,000
us? 
There was other fun headlines 

412
00:21:38,000 --> 00:21:39,920
though. 
Longer days, but more fun 

413
00:21:39,920 --> 00:21:42,480
headlines. 
A good Sega into Kraken, right? 

414
00:21:42,480 --> 00:21:46,720
So we're seeing this this new 
trend of just commingling of all

415
00:21:46,720 --> 00:21:50,360
investable assets together. 
So Kraken launched U.S. stock 

416
00:21:50,360 --> 00:21:55,160
trading going full trad 5 mode 
Commission free trading, 11,000 

417
00:21:55,160 --> 00:21:58,440
listed stocks and ETFs. 
The rolling out to just 10 U.S. 

418
00:21:58,440 --> 00:22:01,480
states in Washington, DCA full 
national rollout is coming 

419
00:22:01,920 --> 00:22:04,680
saying seamless trading between 
stocks, crypto, stable coins and

420
00:22:04,680 --> 00:22:09,360
cash fractional shares on over 
50% of listed assets. 

421
00:22:09,360 --> 00:22:12,920
So you can't afford full share, 
Netflix, Tesla, you can go 

422
00:22:12,920 --> 00:22:17,040
fractional and this is all 
accessible via their mobile and 

423
00:22:17,040 --> 00:22:21,480
and pro apps. 
So I mean, it's a it's a big 

424
00:22:21,480 --> 00:22:22,960
deal. 
It's a big move. 

425
00:22:23,560 --> 00:22:27,720
And we've seen the more 
traditional players like Robin 

426
00:22:27,720 --> 00:22:29,240
Hood lean into crypto. 
Now we're seeing the more 

427
00:22:29,240 --> 00:22:32,440
traditional crypto players lean,
lean back in to to terrify. 

428
00:22:33,040 --> 00:22:35,960
And it feels just like they 
always kind of want to be the 

429
00:22:35,960 --> 00:22:38,760
everything app. 
It's a huge move for Kraken. 

430
00:22:38,760 --> 00:22:40,720
I think it's a big unlock for 
them. 

431
00:22:42,920 --> 00:22:45,800
Is Coinbase on notice a little 
bit right? 

432
00:22:45,800 --> 00:22:47,240
I think they're. 
They definitely are. 

433
00:22:47,520 --> 00:22:50,200
Kraken is definitely coming 
coming for Coinbase's lunch. 

434
00:22:50,200 --> 00:22:51,520
I mean, you're seeing it in the 
marketing. 

435
00:22:51,520 --> 00:22:53,440
They make fun of them online all
the time. 

436
00:22:55,320 --> 00:22:57,760
So I think that's a potential 
impact here. 

437
00:22:57,800 --> 00:23:00,040
And I mean, I, I do see this use
case, right? 

438
00:23:00,040 --> 00:23:03,120
I mean, we're, we talk about 
macro every day, right? 

439
00:23:03,120 --> 00:23:06,640
We have to because, you know, 
crypto is so intertwined, but 

440
00:23:06,640 --> 00:23:09,320
when we were talking about macro
every day and you start talking 

441
00:23:09,320 --> 00:23:10,920
about leading stocks, it just 
makes sense. 

442
00:23:10,920 --> 00:23:13,520
Like, OK, now I, I have this one
app where if I want to trade 

443
00:23:13,800 --> 00:23:16,400
NVIDIA on this headline that 
they're going to invest $500 

444
00:23:16,400 --> 00:23:21,200
billion in, in infrastructure to
build chips on shore in the US, 

445
00:23:21,200 --> 00:23:23,920
maybe I want to go along NVIDIA.
Now you can do that via stable 

446
00:23:23,920 --> 00:23:26,360
coins. 
Maybe you can sell some Solana 

447
00:23:26,360 --> 00:23:27,720
to do that. 
Maybe you can sell ETH because 

448
00:23:27,720 --> 00:23:30,120
we know it's not going up too 
much anytime soon. 

449
00:23:31,440 --> 00:23:34,200
This is interesting for me 
because like I don't sell stocks

450
00:23:34,360 --> 00:23:36,760
I don't think I've ever bought. 
I mean I bought a stock AMC and 

451
00:23:36,760 --> 00:23:39,720
GM in 2020 for the first time 
and I never bought a stock again

452
00:23:39,720 --> 00:23:43,640
because I got it to crypto. 
I'm a stock investor. 

453
00:23:43,680 --> 00:23:47,080
I bought. 
In 2020, I was looking for 

454
00:23:47,080 --> 00:23:49,120
alternative ways of making money
during COVID, you know, and I 

455
00:23:49,120 --> 00:23:51,000
got my hands dirty with some AMC
calls. 

456
00:23:51,040 --> 00:23:55,120
Actually Mando, I had BlackBerry
calls before, you know, the 

457
00:23:55,120 --> 00:23:59,120
whole squeeze. 
So I it's quite early and 

458
00:23:59,200 --> 00:24:02,480
anyways, and then I never really
touched it because it's so it's 

459
00:24:02,480 --> 00:24:05,320
really annoying to trade stocks 
in Canada the way it's set up 

460
00:24:05,320 --> 00:24:08,360
and everything. 
But if I'm be able to do 

461
00:24:08,360 --> 00:24:11,960
something like this, do you just
think this is could actually be 

462
00:24:11,960 --> 00:24:14,520
more dangerous for some of the 
top crypto coins? 

463
00:24:16,680 --> 00:24:21,640
Like what would you buy Ethereum
if I can now buy the S&P 500? 

464
00:24:22,280 --> 00:24:24,560
This is the narrative I've been 
talking about for the last 

465
00:24:24,960 --> 00:24:27,960
couple of months. 
Is that the, the real issue is 

466
00:24:27,960 --> 00:24:32,560
that a lot of these stocks and 
all the RWA trend is going to be

467
00:24:32,560 --> 00:24:34,000
it's going to trade in dollars I
think. 

468
00:24:34,400 --> 00:24:39,000
And there's going to be a 
question about like, are these 

469
00:24:39,000 --> 00:24:41,520
actually currencies or are they 
gas tokens? 

470
00:24:43,440 --> 00:24:46,880
Is it more like owning Visa 
stock or is it more like owning 

471
00:24:47,320 --> 00:24:50,160
silver or dollars? 
Do you know what I mean? 

472
00:24:52,600 --> 00:24:54,720
Is it actually a currency or is 
it is it more about like the 

473
00:24:54,720 --> 00:24:56,960
fees that the that the chain 
will make? 

474
00:24:58,520 --> 00:25:01,480
And I think when I first entered
crypto, it was like, you know, 

475
00:25:01,760 --> 00:25:05,960
ETH is programmable money. 
That is going to be its own 

476
00:25:05,960 --> 00:25:10,200
thing. 
Now people don't really talk 

477
00:25:10,200 --> 00:25:13,240
about ETH like that. 
I don't know if they talk about 

478
00:25:13,240 --> 00:25:18,720
like the use of the chain, but 
like it feels as though stable 

479
00:25:18,720 --> 00:25:22,160
coins have become kind of 
programmable money here. 

480
00:25:22,480 --> 00:25:25,400
And I think it's something that 
we're going to see grow as a 

481
00:25:25,400 --> 00:25:28,720
trend that people suddenly go 
because stable coins, they just 

482
00:25:28,720 --> 00:25:30,840
keep on. 
I mean, it's well overtaken E's 

483
00:25:30,840 --> 00:25:35,400
market cap now in total. 
I think it will. 

484
00:25:36,040 --> 00:25:38,680
They could easily get towards 
even Bitcoin's market cap in the

485
00:25:38,680 --> 00:25:41,680
next couple of years. 
The total total value of stable 

486
00:25:41,680 --> 00:25:44,280
coins. 
I've I've noticed some personal 

487
00:25:44,280 --> 00:25:47,680
changes in my own trading. 
Whereas I used to always if I 

488
00:25:47,680 --> 00:25:50,920
would do like an NFT trade or a 
meme coin trade, I would go, I 

489
00:25:50,920 --> 00:25:53,120
would just go back to the the 
native guest token. 

490
00:25:54,040 --> 00:25:57,160
But I've switched that. 
So like now if I if I close a 

491
00:25:57,160 --> 00:25:59,480
sole meme coin trade I'm 
swapping to USDC? 

492
00:26:00,000 --> 00:26:02,800
That's exactly what I'm doing. 
Similar, I was trading the 

493
00:26:02,800 --> 00:26:06,640
Bitcoin on on abstract swap to E
to get out of it and then 

494
00:26:06,640 --> 00:26:09,440
straight to USDC. 
Now like Jupiter, I don't know 

495
00:26:09,560 --> 00:26:11,680
if you saw this as a part of 
their Jupiter Pro launch. 

496
00:26:11,680 --> 00:26:16,200
You can change your default 
currency from either Seoul or 

497
00:26:16,200 --> 00:26:20,000
USDC so that you always swap 
back to that. 

498
00:26:21,600 --> 00:26:25,040
So like they, they see the 
writing on the wall too, right? 

499
00:26:25,040 --> 00:26:28,200
And that's AI mean. 
That's a kind of a big change 

500
00:26:28,200 --> 00:26:31,560
because like I used to be 100% 
native token would always just 

501
00:26:31,560 --> 00:26:33,520
go to Seoul and I was even up to
like January. 

502
00:26:33,520 --> 00:26:36,720
Maybe I was just naive for doing
that, but that was just kind of 

503
00:26:36,720 --> 00:26:39,600
my my native habits. 
And now those habits are 

504
00:26:39,600 --> 00:26:42,800
changing. 
I'm not the only one. 

505
00:26:44,880 --> 00:26:48,960
Yeah, Yeah. 
That's I, I started doing this 

506
00:26:49,000 --> 00:26:51,120
in the last year, I'd say. 
And that's when I was, I was 

507
00:26:51,120 --> 00:26:53,240
training really well. 
And I wish I'd. 

508
00:26:53,240 --> 00:26:57,000
Done it earlier, you know, 
because when you have the money,

509
00:26:57,680 --> 00:27:00,720
because if you hold the soul or 
the ETH or the Bitcoin, you tend

510
00:27:00,720 --> 00:27:03,800
to dish it back in. 
But when you hold the USDC, 

511
00:27:04,560 --> 00:27:07,480
sometimes, not all the time, 
you're a little more reluctant 

512
00:27:07,480 --> 00:27:10,640
because you know what USD is 
because the things that you buy 

513
00:27:10,640 --> 00:27:15,400
in every day, your phone and 
your computer and your rent, 

514
00:27:15,520 --> 00:27:20,000
they're in the currency, right? 
So the biggest scam of 20/21 was

515
00:27:20,000 --> 00:27:23,600
1 ETH is 1 ETH. 
So right. 

516
00:27:25,360 --> 00:27:26,880
That's true. 
I mean. 

517
00:27:27,400 --> 00:27:28,880
People don't say that at all, do
they? 

518
00:27:29,400 --> 00:27:31,040
When's the last time you heard? 
Juanita is Juanita. 

519
00:27:31,040 --> 00:27:33,560
It feels like it's music. 
Sold in jets. 

520
00:27:33,560 --> 00:27:35,040
The job is around stacking ETH 
people. 

521
00:27:35,720 --> 00:27:37,080
Don't talk about that that much 
anymore. 

522
00:27:38,520 --> 00:27:40,640
People don't talk about. 
Stacking shit anymore? 

523
00:27:40,840 --> 00:27:45,000
Just Bitcoin? 
Yeah, it's stable. 

524
00:27:45,000 --> 00:27:48,280
Yeah. 
Stacks tables stack USDEUSDEUSE 

525
00:27:48,920 --> 00:27:53,480
see USD one, USD two, USD three.
Stack those. 

526
00:27:54,000 --> 00:27:55,480
Anyways, Tyler, what else do you
have for us? 

527
00:27:55,480 --> 00:27:57,640
I think the other big news. 
Was that Open C? 

528
00:27:57,920 --> 00:28:02,800
So they they launched Solana 
Native Token trading, so users 

529
00:28:02,800 --> 00:28:06,280
can now trade any SPL tokens 
direct on Open C coins like 

530
00:28:06,280 --> 00:28:10,600
Bonkwift, Jupe and others. 
This is clearly a part of their 

531
00:28:10,600 --> 00:28:15,000
broader Open C2 initiative where
they are trying to go multi 

532
00:28:15,000 --> 00:28:19,080
chain and all kinds of digital 
assets. 

533
00:28:19,440 --> 00:28:22,440
This comes after, you know, the 
magic eating acquisition of, of 

534
00:28:22,440 --> 00:28:26,320
slingshot news that that 
happened last week. 

535
00:28:27,520 --> 00:28:29,480
And it makes sense. 
I tweeted this morning out the 

536
00:28:29,480 --> 00:28:32,360
relative volumes. 
I, I mean, I think we knew it 

537
00:28:32,360 --> 00:28:36,800
was a, a huge difference. 
We're still seeing $2 billion a 

538
00:28:36,800 --> 00:28:39,680
day in Solana Dex volume for 
meme coins. 

539
00:28:40,920 --> 00:28:47,320
NF TS are like. $4 million a 
day, It's, it's a 500X 

540
00:28:48,120 --> 00:28:52,040
difference. 
So I mean, effectively this is 

541
00:28:52,040 --> 00:28:53,400
the only way for them to 
survive. 

542
00:28:53,400 --> 00:28:57,280
I think it's quite notable that 
that the three big tensor Magic,

543
00:28:57,280 --> 00:28:59,280
Eden and Open C are all doing 
this now. 

544
00:28:59,280 --> 00:29:03,640
So it's pretty, it's pretty 
clear what I didn't realize. 

545
00:29:03,640 --> 00:29:07,920
And I'm surprised if if Open C 
has been touting this, I have 

546
00:29:07,920 --> 00:29:10,160
been missing it. 
And I think my advice to them is

547
00:29:10,160 --> 00:29:11,240
they need to be marketing this 
more. 

548
00:29:11,240 --> 00:29:14,640
Did you know you could do multi 
chain swaps on Open C? 

549
00:29:14,640 --> 00:29:17,480
What do you mean? 
Like I could trade. 

550
00:29:17,480 --> 00:29:20,520
Avax to a Solana token in one 
step? 

551
00:29:21,400 --> 00:29:23,440
What? 
And that that's what I'm. 

552
00:29:23,440 --> 00:29:27,200
Seeing in their UI. 
Now where is it actually tested?

553
00:29:27,200 --> 00:29:29,440
So go. 
To just click on a token. 

554
00:29:30,920 --> 00:29:34,000
I don't want. 
To click on a token, then we're 

555
00:29:34,000 --> 00:29:35,680
fucked. 
It was just going to go anime 

556
00:29:35,680 --> 00:29:37,080
coin. 
Yeah, so. 

557
00:29:37,440 --> 00:29:40,720
So then toggled from 8th to like
a different chains token. 

558
00:29:42,360 --> 00:29:47,480
So let's say like anime coin on 
Arbitrum to let's call 

559
00:29:47,480 --> 00:29:54,040
Avalanche, let's say OK, the 
bearer chain to honey on bearer 

560
00:29:54,040 --> 00:29:57,400
chain. 
Interesting. 

561
00:29:57,960 --> 00:29:59,840
So I I. 
Haven't tested this so in in the

562
00:29:59,840 --> 00:30:00,960
comments. 
If you guys, if if I'm 

563
00:30:00,960 --> 00:30:02,560
misreading this, let let me 
know. 

564
00:30:02,560 --> 00:30:05,600
But the best is what I saw this 
morning. 

565
00:30:06,320 --> 00:30:10,440
That's a big deal. 
But I'm on unit swap. 

566
00:30:10,440 --> 00:30:13,760
The only way you can do it right
now is you can natively bridge 

567
00:30:13,760 --> 00:30:17,200
on unit swap and then you can do
a swap as a second transaction, 

568
00:30:17,200 --> 00:30:19,680
but still 2 transactions. 
Then you have to go through the 

569
00:30:19,680 --> 00:30:22,640
approval clicks and it's a big 
pain in the ass, but it's an 

570
00:30:22,640 --> 00:30:25,160
improvement from you know, 
having to use a separate bridge 

571
00:30:25,160 --> 00:30:27,040
app. 
And if you can actually, if 

572
00:30:27,040 --> 00:30:30,800
they've abstracted that all the 
way, I mean that's a big win for

573
00:30:30,800 --> 00:30:33,960
their app. 
They haven't been talking about 

574
00:30:33,960 --> 00:30:36,920
it more. 
Yeah, this probably has crazy 

575
00:30:36,920 --> 00:30:39,200
slippage or fees though. 
Maybe. 

576
00:30:39,200 --> 00:30:40,440
That's maybe that's. 
Why? 

577
00:30:40,440 --> 00:30:41,680
Right. 
But like in the heat of the 

578
00:30:41,680 --> 00:30:44,760
moment like that, like I don't 
care about that. 

579
00:30:44,760 --> 00:30:48,000
So like if if I see a hot new 
coin on ETH that I want to trade

580
00:30:48,000 --> 00:30:51,760
and all I've got is Solana, like
I'm OK taking a bit of yeah, try

581
00:30:51,800 --> 00:30:52,560
to get it. 
You can use like. 

582
00:30:52,560 --> 00:30:54,360
Relay I see something. 
I'm only going to do that in a. 

583
00:30:54,360 --> 00:30:57,240
FOMO moment, right? 
Like otherwise I'm you know, I'm

584
00:30:57,360 --> 00:30:59,080
going to look for the the 
cheaper path. 

585
00:31:00,160 --> 00:31:02,520
Interesting. 
Because it's all the question. 

586
00:31:02,520 --> 00:31:04,920
I'm so like, OK, Opensea is 
doing this magic, Keene is doing

587
00:31:04,920 --> 00:31:08,040
it like So what? 
Like who is going to start 

588
00:31:08,040 --> 00:31:11,000
trading tokens on their app and 
why? 

589
00:31:11,760 --> 00:31:15,600
It's like, what is the why for 
users to to trade tokens on Open

590
00:31:15,600 --> 00:31:17,760
C? 
That's a real differentiator. 

591
00:31:18,320 --> 00:31:22,320
So it's so. 
Tough being open C where like 

592
00:31:22,440 --> 00:31:26,000
every single thing they do they 
get so much hate. 

593
00:31:27,240 --> 00:31:28,520
Like have you seen the comments 
on that? 

594
00:31:28,520 --> 00:31:32,000
It's like oh wow finally I can't
wait to trace a lot of NFTS 

595
00:31:32,480 --> 00:31:36,440
coins on open C. 
It's, I mean, it's over. 

596
00:31:36,560 --> 00:31:38,800
It's over the top and then 
everyone just like the only 

597
00:31:38,800 --> 00:31:41,480
token we want is the open C 
token and they just want to sell

598
00:31:41,480 --> 00:31:43,960
the second one, so they've got 
to be one of the. 

599
00:31:43,960 --> 00:31:45,600
Most hated companies in this 
stage? 

600
00:31:47,320 --> 00:31:49,840
Oh my God. 
Pretty well, yeah. 

601
00:31:50,520 --> 00:31:52,360
So does that mean? 
That when the coin comes out, 

602
00:31:52,360 --> 00:31:53,880
it's going to be a most hated 
rally. 

603
00:31:53,880 --> 00:31:57,160
It's. 
Possible. 

604
00:31:58,640 --> 00:32:00,360
Maybe I don't know what. 
What do you think that revenue 

605
00:32:00,360 --> 00:32:03,120
is these days? 
I don't know. 

606
00:32:04,280 --> 00:32:07,120
I think they need. 
To show some they need to be 

607
00:32:07,360 --> 00:32:09,600
doing some token trade volume I 
think. 

608
00:32:11,000 --> 00:32:12,440
They need to. 
They're getting. 

609
00:32:12,440 --> 00:32:16,440
The NFT market share back, but 
they are it's the share of a a 

610
00:32:17,040 --> 00:32:19,880
smaller pie. 
It's like they've got they're 

611
00:32:19,960 --> 00:32:25,000
over 50% now. 
Wow, wow, 80% of the trades in 

612
00:32:25,000 --> 00:32:29,200
the past week volume, they've 
only got 37% interest. 

613
00:32:29,200 --> 00:32:31,760
Oh, the punk skewed that because
there's that huge punk's trade. 

614
00:32:32,320 --> 00:32:35,360
Yeah. 
How's that punk? 

615
00:32:35,360 --> 00:32:38,520
Bitcoin spread going, yeah. 
Let's go through. 

616
00:32:38,560 --> 00:32:41,680
Let's get feedbacks. 
Come on, So punk Bitcoin spread 

617
00:32:42,480 --> 00:32:47,600
Bitcoin ordinals, can you not 
bully? 

618
00:32:47,600 --> 00:32:50,120
Him on his birthday. 
Maybe some random solana? 

619
00:32:50,120 --> 00:32:54,040
Runner from the last From the 
last day, Yeah, we'll go through

620
00:32:54,080 --> 00:32:56,200
all. 
This thank you for asking Far 

621
00:32:56,240 --> 00:32:58,600
coin hype. 
Well. 

622
00:32:58,760 --> 00:33:00,480
Pops less though, since you. 
Sold it but. 

623
00:33:00,480 --> 00:33:02,240
We'll, we'll, we'll, we'll come 
back to it. 

624
00:33:02,960 --> 00:33:05,560
Oh, that. 
Punk's Bitcoin spread is not 

625
00:33:05,560 --> 00:33:09,280
doing well at all. 
It's 69 K floor for 85K Bitcoin.

626
00:33:09,640 --> 00:33:11,640
We're down 25. 
Percent now I guess that's fuck 

627
00:33:11,920 --> 00:33:17,800
it's not not what we wanted to 
see there folks, man punk's. 

628
00:33:17,800 --> 00:33:20,600
Being underneath is starting to 
really like we asked the 

629
00:33:20,600 --> 00:33:23,200
question like, hey, is being 
uneath weighing down the punks 

630
00:33:23,200 --> 00:33:29,280
like it's really starting to. 
I, I think about this a lot. 

631
00:33:30,040 --> 00:33:32,400
I think that, that certainly is 
a part of it. 

632
00:33:32,400 --> 00:33:34,320
But I think the, the reality is 
there's just not a whole lot of 

633
00:33:34,320 --> 00:33:37,480
demand for these assets right 
now because if there was, people

634
00:33:37,480 --> 00:33:40,160
would be buying them. 
And I think my, my current view 

635
00:33:40,160 --> 00:33:45,320
is we're still not really that 
risk on, we need to see a more 

636
00:33:45,320 --> 00:33:50,000
risk on crypto environment. 
And then I think people will go 

637
00:33:50,000 --> 00:33:54,560
downstream more to to punks and 
perhaps some of the NFTS. 

638
00:33:55,120 --> 00:33:56,320
But we're not. 
We're not there. 

639
00:33:57,000 --> 00:33:58,760
Yeah, no. 
We're definitely not, so we'll 

640
00:33:58,760 --> 00:34:01,000
see where that leads us. 
Anyways, you told me something 

641
00:34:01,000 --> 00:34:05,040
about Canada and Solana, those 
solo TFs. 

642
00:34:05,040 --> 00:34:08,679
Looks like they're going to 
launch tomorrow if all goes 

643
00:34:08,679 --> 00:34:12,040
according to plan. 
So Canada leading the way again?

644
00:34:12,040 --> 00:34:15,239
I think they they launched their
ETTFSI think before the US did. 

645
00:34:15,239 --> 00:34:17,159
Yeah, they did if. 
I'm remembering. 

646
00:34:17,840 --> 00:34:22,080
Correctly, people were kind of 
tabling the sole ETF for the US 

647
00:34:22,080 --> 00:34:23,880
to Q4. 
I don't know. 

648
00:34:23,880 --> 00:34:26,960
I'm starting to think that maybe
they get pulled up a little bit.

649
00:34:26,960 --> 00:34:29,360
This this SEC has been acting 
pretty quickly. 

650
00:34:31,280 --> 00:34:33,679
So I mean, that's going to be a 
big this is so funny. 

651
00:34:33,760 --> 00:34:36,600
So it's going to be available in
all of Canada except for Quebec?

652
00:34:40,000 --> 00:34:41,920
I just saw that. 
It's hilarious. 

653
00:34:42,600 --> 00:34:43,800
I haven't seen the. 
Relative volumes? 

654
00:34:43,800 --> 00:34:45,719
I'm assuming that the the 
Canadian relative volumes are a 

655
00:34:45,719 --> 00:34:47,480
bit smaller. 
It's tiny, bro. 

656
00:34:47,719 --> 00:34:49,760
We have ETFs for everything 
before America. 

657
00:34:49,760 --> 00:34:52,920
It's usually like Australia, 
Canada, like these two markets 

658
00:34:53,199 --> 00:34:58,280
that have ETFs before the rest, 
Brazil, and the volumes are 

659
00:34:58,280 --> 00:35:02,720
abysmal. 
So I mean, this isn't. 

660
00:35:02,760 --> 00:35:07,000
Maybe something that that pumps 
the price much or at all, but 

661
00:35:08,160 --> 00:35:12,240
still my my still headline for 
for for the soul fans out there,

662
00:35:13,240 --> 00:35:15,920
we definitely do. 
Like the headline Anyways, I see

663
00:35:15,920 --> 00:35:17,840
I see Pedros and Stool get to 
you in 5 minutes. 

664
00:35:17,840 --> 00:35:19,240
But Tyler, what else you got for
us? 

665
00:35:19,240 --> 00:35:25,960
We got a lot that was a big. 
Chunk of it for for sure this 

666
00:35:25,960 --> 00:35:29,200
new C5 lending data, what was 
fairly interesting. 

667
00:35:29,200 --> 00:35:32,000
Let's talk about that. 
One, yeah, let me see if I can. 

668
00:35:32,480 --> 00:35:33,880
Get you the link here just so 
you can. 

669
00:35:33,880 --> 00:35:36,400
Yeah, yeah, I, I. 
I forgot who posted it, it was 

670
00:35:36,400 --> 00:35:39,040
oh. 
There it is I found. 

671
00:35:39,040 --> 00:35:41,600
It Yeah, I think Nick Carter 
shared. 

672
00:35:41,600 --> 00:35:45,000
It that's that's how it got on 
to, I found. 

673
00:35:45,000 --> 00:35:47,560
It's here across my area so. 
Basically. 

674
00:35:49,120 --> 00:35:52,000
This is the a. 
Look at credit in the crypto 

675
00:35:52,000 --> 00:35:56,160
market and. 
This is the C5. 

676
00:35:56,160 --> 00:35:58,440
Plus D5 lending, so that they 
tell a little bit different 

677
00:35:58,440 --> 00:36:00,680
stories. 
Looking at just the C5 data, 

678
00:36:00,680 --> 00:36:04,880
we're 3 1/2 X off the highs from
2021. 

679
00:36:06,480 --> 00:36:09,880
So you could say, you know, 
we're still potentially earlier 

680
00:36:09,880 --> 00:36:13,320
cycle looking at this. 
But then when you, when you come

681
00:36:13,320 --> 00:36:17,720
through and you look at C5 plus 
D5, so the central exchange 

682
00:36:18,240 --> 00:36:22,960
lending on top of the 
centralized lending like Ave. 

683
00:36:23,200 --> 00:36:27,520
and other protocols like that, 
we're about like 50% of the way 

684
00:36:28,240 --> 00:36:32,760
as high as we were in 2021. 
But of course, I mean, Bitcoin 

685
00:36:32,760 --> 00:36:36,280
is much higher than, well, I 
guess it's not that much higher 

686
00:36:36,280 --> 00:36:38,600
now, so 2025%. 
But you would expect us to 

687
00:36:38,600 --> 00:36:41,800
potentially go higher this cycle
that we did in 2021, right? 

688
00:36:41,800 --> 00:36:45,120
So that isn't necessarily the 
the ceiling all all about a way 

689
00:36:45,120 --> 00:36:50,080
of saying perhaps there is more 
room to run this cycle and that,

690
00:36:50,120 --> 00:36:52,960
you know, the the top it isn't 
yet in. 

691
00:36:53,320 --> 00:36:56,800
So I think that's that's the 
bullish narrative that I've seen

692
00:36:57,160 --> 00:36:59,040
coming out of this one. 
And you can also see just the 

693
00:36:59,040 --> 00:37:04,120
different the different players 
in this bar chart here as well. 

694
00:37:04,920 --> 00:37:07,640
And you know what's changed from
this this previous cycle. 

695
00:37:08,240 --> 00:37:10,880
So this is going to be a one to 
to keep an eye on, right? 

696
00:37:11,160 --> 00:37:15,880
No, like immediate action that's
needed to be taken on this, but 

697
00:37:15,880 --> 00:37:17,680
just kind of keep an eye on the 
credit in this. 

698
00:37:19,440 --> 00:37:22,640
Tether. 
Is the largest lender Galaxy 

699
00:37:22,800 --> 00:37:25,440
Hardwood Lead and Coinbase Maple
Finance. 

700
00:37:27,640 --> 00:37:29,560
This these are some. 
Interesting charts. 

701
00:37:30,760 --> 00:37:32,240
Yeah, so here's the C5. 
Plus D5. 

702
00:37:32,240 --> 00:37:33,880
So this is like the more 
comprehensive picture. 

703
00:37:33,880 --> 00:37:39,800
We're at 30 billion now, got 
closer to what, 50 in 2021? 

704
00:37:41,520 --> 00:37:43,320
I think I would expect us to go 
higher. 

705
00:37:44,080 --> 00:37:49,080
Why wouldn't we go higher in 
this cycle though? 

706
00:37:49,120 --> 00:37:52,040
I at this point I was looking at
the overall crypto market cap. 

707
00:37:52,040 --> 00:37:54,280
Did you, did you realize that 
we're lower than we were? 

708
00:37:54,280 --> 00:37:58,400
Right we. 21. 
Peak right now I think where we 

709
00:37:58,400 --> 00:38:03,400
at now yeah the the the broader 
crypto market cap is 2.68 

710
00:38:03,400 --> 00:38:07,520
trillion. 
It peaked at 3.86 in 2021. 

711
00:38:07,560 --> 00:38:09,680
Table coins are a. 
Much bigger part of that now as 

712
00:38:09,680 --> 00:38:12,640
well. 
Yeah. 

713
00:38:13,200 --> 00:38:16,160
This is not great. 
Oh yeah, we are. 

714
00:38:16,160 --> 00:38:17,360
Definitely. 
Lower look at this. 

715
00:38:18,960 --> 00:38:21,480
Wait. 
This is what I don't think I 

716
00:38:21,480 --> 00:38:22,840
want. 
Crystal market cap chart. 

717
00:38:22,840 --> 00:38:25,000
Looks like and people were 
calling for us to go lower. 

718
00:38:27,680 --> 00:38:32,400
We pretty much hit that. 
You know the bottom here, get 

719
00:38:32,400 --> 00:38:34,400
bullish. 
This is the bottom. 

720
00:38:34,640 --> 00:38:37,320
This is the bottom of the second
inning, guys. 

721
00:38:38,080 --> 00:38:41,280
It does feel funny right now. 
It feels like quiet to me. 

722
00:38:41,280 --> 00:38:44,040
It feels quiet, but it just 
feels like we're a little bit 

723
00:38:44,040 --> 00:38:48,000
strong and it's like, oh, OK. 
Like, yeah, we're waiting for 

724
00:38:48,000 --> 00:38:50,120
people to, like, catch up, but 
that's the thing, Mando. 

725
00:38:50,120 --> 00:38:53,320
Right, but I think you've 
perfectly like summed up like 

726
00:38:53,320 --> 00:38:57,480
the sentiments like it's quiet, 
but we're still 85 Ki mean we 

727
00:38:57,480 --> 00:38:59,840
still have a coin that's like a 
billion dollars, like a fart 

728
00:38:59,840 --> 00:39:03,000
coin type coin, so long as 130, 
which is very low from its 

729
00:39:03,000 --> 00:39:05,680
highs. 
But it's also not like and the 

730
00:39:05,680 --> 00:39:08,880
world type of pricing Ether's 
Ether's. 

731
00:39:09,400 --> 00:39:10,880
I mean it's terrible to see it 
as 1600. 

732
00:39:10,880 --> 00:39:14,720
You hate to see it alter. 
Also not great, but I feel like 

733
00:39:15,040 --> 00:39:18,720
if this is going to be like this
floor formation, I'm really 

734
00:39:18,720 --> 00:39:21,040
excited to see what happens in 
the second round here. 

735
00:39:23,760 --> 00:39:26,040
Like you could argue that the. 
Next run is to like 4 trillion. 

736
00:39:28,560 --> 00:39:31,600
I. 
Well, part of me thinks, yes, 

737
00:39:31,600 --> 00:39:34,360
just by looking at a chart, but 
also part of me thinks what I 

738
00:39:34,360 --> 00:39:37,880
said before, which is that I 
think I honestly think the next 

739
00:39:38,480 --> 00:39:41,240
stage of this is going to be 
stable coins actually become a 

740
00:39:41,240 --> 00:39:45,120
much bigger bit of their market 
cap and and it doesn't 

741
00:39:45,120 --> 00:39:47,880
necessarily lead to a rally in L
ones or in a lot of other 

742
00:39:47,880 --> 00:39:50,400
tokens. 
So I think that number can go a 

743
00:39:50,400 --> 00:39:53,800
lot higher. 
But I think the composition I 

744
00:39:53,800 --> 00:39:56,520
mean look at this. 
You look at this chart, right? 

745
00:39:59,200 --> 00:40:01,000
And it's. 
Tough to think we go low. 

746
00:40:01,040 --> 00:40:03,120
I mean the OK, I'm always 
bullish. 

747
00:40:03,160 --> 00:40:06,280
My name says perma bull in it. 
But I look at this chart, even 

748
00:40:06,280 --> 00:40:08,880
the rational side of me is like,
yo, like this is not where you 

749
00:40:08,880 --> 00:40:13,320
short. 
Yeah, looks like support. 

750
00:40:13,320 --> 00:40:17,160
Yeah, I don't know. 
I don't know. 

751
00:40:17,480 --> 00:40:20,080
I I'm feeling good. 
About it anyways, the code today

752
00:40:20,320 --> 00:40:22,280
it looks like look guys, it 
looks like there's quite a lot 

753
00:40:22,280 --> 00:40:24,480
of bugs happening rafflebot it's
normal. 

754
00:40:24,640 --> 00:40:26,960
We're setting up a new a whole 
new system. 

755
00:40:26,960 --> 00:40:29,480
Remember the early robit days? 
We're all over the place. 

756
00:40:29,760 --> 00:40:31,160
We're we but we're setting it 
up. 

757
00:40:31,160 --> 00:40:34,800
So the code is yeet we're we're 
going to we're going to figure 

758
00:40:34,800 --> 00:40:36,280
it out. 
It may break a little bit at 

759
00:40:36,280 --> 00:40:37,840
first. 
We're sorry for that, but hey, 

760
00:40:38,280 --> 00:40:40,440
we're going to give you guys 
money 5 this week, so if you 

761
00:40:40,440 --> 00:40:42,200
show up every day like we do 
then. 

762
00:40:43,160 --> 00:40:45,600
You're going to have a chance. 
You know, so just make an 

763
00:40:45,600 --> 00:40:48,880
account on heat.com, make sure 
you use a formal or affiliate 

764
00:40:48,880 --> 00:40:50,440
link. 
If you're using Wizard of Soul 

765
00:40:50,440 --> 00:40:52,640
who's field link, you're 
probably about that. 

766
00:40:55,080 --> 00:40:57,760
He's doing if you're using Kook.
Capitals link. 

767
00:40:58,240 --> 00:41:01,520
I'm sorry about that. 
If you're using Sims or Bernie's

768
00:41:01,520 --> 00:41:03,480
affiliate links, I'm sorry about
that. 

769
00:41:03,680 --> 00:41:06,120
Whoa, whoa, whoa, whoa, whoa. 
Well, well, well. 

770
00:41:06,120 --> 00:41:08,920
Well, well, well. 
You got to use the FOMO hour 

771
00:41:09,120 --> 00:41:11,760
effort link. 
And Speaking of partners, well, 

772
00:41:11,760 --> 00:41:16,600
we got one of our great partners
on the show today, Pedro Gomez, 

773
00:41:16,800 --> 00:41:20,720
the founder and CEO right of 
Wallet Connect. 

774
00:41:20,920 --> 00:41:22,520
Pedro, good morning. 
How you doing man? 

775
00:41:22,520 --> 00:41:26,680
Good morning. 
Founder and director, but yes, 

776
00:41:26,880 --> 00:41:28,240
that's correct. 
Director, sorry. 

777
00:41:28,240 --> 00:41:31,240
I know crypto has these tricky 
little titles. 

778
00:41:31,920 --> 00:41:34,760
We try to reinvent the. 
Wheel in every possible way that

779
00:41:34,760 --> 00:41:36,240
we can. 
Yeah, I know, right? 

780
00:41:36,400 --> 00:41:37,840
Core contributor, Yeah. 
OK. 

781
00:41:40,960 --> 00:41:43,000
Pedro, man, it's been a it's a 
pleasure. 

782
00:41:43,000 --> 00:41:46,320
I saw you last on the panel that
we did together in Hong Kong. 

783
00:41:46,320 --> 00:41:50,560
That's a good one, absolutely. 
No, a lot has happened since 

784
00:41:50,560 --> 00:41:54,080
then for sure dude. 
You guys are cooking. 

785
00:41:54,120 --> 00:41:56,720
Congratulations on today. 
It was in, you made it to 

786
00:41:56,720 --> 00:41:58,880
Tyler's top 100. 
So that's a big deal. 

787
00:41:59,120 --> 00:42:02,160
I opened the Binance price of 
Bitcoin and there's a 

788
00:42:02,160 --> 00:42:04,880
notification telling me that 
Wallet Connect is trading live 

789
00:42:04,880 --> 00:42:06,240
on there. 
So I'm like, OK, these guys are 

790
00:42:06,240 --> 00:42:08,960
doing something right. 
And then on top of that, it 

791
00:42:08,960 --> 00:42:12,440
turns out that, you know, we're 
giving a lot of money on on 

792
00:42:12,440 --> 00:42:13,760
Myriad. 
So you're one of the top 

793
00:42:13,760 --> 00:42:15,400
partners here. 
We've got a Myriad market that's

794
00:42:15,400 --> 00:42:18,520
going on Wallet Connect. 
So the show is very familiar at 

795
00:42:18,520 --> 00:42:21,640
this stage with Wallet Connect. 
I think we have 36,000 people 

796
00:42:21,640 --> 00:42:25,480
participate in the market has 
36,000 experts that have been 

797
00:42:25,480 --> 00:42:30,000
researching and doing the 
numbers on all the stuff so they

798
00:42:30,000 --> 00:42:32,760
could predict, right. 
But Pedro, aside from that, why 

799
00:42:32,760 --> 00:42:34,840
don't you give us a little 
introduction of you know who you

800
00:42:34,840 --> 00:42:37,040
are quickly and like you know 
what Wallet Connect is? 

801
00:42:38,320 --> 00:42:41,080
Yeah, so. 
Basically it all kicked off with

802
00:42:41,080 --> 00:42:45,800
me joining the cryptosphere, 
like most of people like you're 

803
00:42:45,800 --> 00:42:48,080
trying to like learn how things 
work. 

804
00:42:48,080 --> 00:42:52,520
And I was an engineer back in 
2017 and I got super into 

805
00:42:52,520 --> 00:42:55,520
Ethereum and building wallets 
was like the thing that really 

806
00:42:55,520 --> 00:42:58,720
drove me the most. 
But it really wasn't like 

807
00:42:58,720 --> 00:43:01,320
working well. 
Like it was a very different 

808
00:43:01,320 --> 00:43:04,960
world 2017. 
So in 2018, I ended up like 

809
00:43:04,960 --> 00:43:08,720
building the solution that just 
made wallets work better. 

810
00:43:08,720 --> 00:43:12,360
And the main problem that it 
has, Metamask was just two 

811
00:43:12,360 --> 00:43:15,280
dominance and it wasn't even 
dominant just because it was the

812
00:43:15,280 --> 00:43:18,280
first mover. 
It's just the technology was 

813
00:43:18,280 --> 00:43:22,400
biased towards one wallet and 
that's not just how you build 

814
00:43:22,400 --> 00:43:25,600
like permissionless block chains
and competitive markets. 

815
00:43:25,880 --> 00:43:27,960
So Wallet Connect came out as 
that solution. 

816
00:43:28,280 --> 00:43:30,960
I thought it was going to be a 
quick six month project. 

817
00:43:30,960 --> 00:43:34,480
It turned out to be a seven-year
journey to where we are today. 

818
00:43:35,240 --> 00:43:38,440
But I'm really happy with the 
with the journey because 

819
00:43:38,520 --> 00:43:43,200
honestly, the launch today of 
WCT and the exchanges like 

820
00:43:43,360 --> 00:43:47,120
having more than 40 million 
users, like with 5 million 

821
00:43:47,120 --> 00:43:51,400
recurring every month, 
connecting more than 250 million

822
00:43:51,400 --> 00:43:55,120
connections and like slowing 
like billions of dollars through

823
00:43:55,120 --> 00:43:58,040
Wuala Connect. 
It's crazy, you know, like that 

824
00:43:58,080 --> 00:44:00,960
little project just kind of blew
up out of proportion. 

825
00:44:01,560 --> 00:44:04,080
This is a note. 
To all the founders in crypto, 

826
00:44:04,880 --> 00:44:10,440
this guy waited seven years 40. 
Million users. 250 million total

827
00:44:10,440 --> 00:44:14,960
transactions to launch a token 
OK to do ATG. 

828
00:44:15,960 --> 00:44:20,200
So this is someone who who who 
really came in swinging in this 

829
00:44:20,200 --> 00:44:24,360
industry and has built a product
that so this is pretty much 

830
00:44:24,440 --> 00:44:29,760
anyone who interfaces with 
crypto you could say has somehow

831
00:44:29,760 --> 00:44:32,320
somewhat used while connect 
right. 

832
00:44:33,320 --> 00:44:36,000
Especially on. 
Mobile, like it really depends 

833
00:44:36,000 --> 00:44:39,720
where you really like to 
interact on the blockchain. 

834
00:44:39,720 --> 00:44:43,200
You know, for example, we have a
lot of users that use safe, you 

835
00:44:43,200 --> 00:44:47,560
know, whether use safe for 
personal use or for teams that 

836
00:44:47,560 --> 00:44:50,240
all goes through wall Connect. 
Whether you use any of the 

837
00:44:50,240 --> 00:44:53,520
mobile wallets, that all goes 
through Wall Connect and even 

838
00:44:53,520 --> 00:44:56,280
sometimes you might not even 
notice that something uses Wall 

839
00:44:56,280 --> 00:45:00,080
Connect and it's using under the
hood because it's really just 

840
00:45:00,080 --> 00:45:03,400
kind of creates this user 
experience that you don't need 

841
00:45:03,400 --> 00:45:06,440
to think about, right? 
It has to feel like magic. 

842
00:45:06,440 --> 00:45:10,400
It feels like magic and that's 
why it works really well and 

843
00:45:10,400 --> 00:45:13,520
that was always the goal. 
And one of the biggest challenge

844
00:45:13,520 --> 00:45:16,240
was when we actually announced 
the token in September, we 

845
00:45:16,240 --> 00:45:18,680
realized that we now have a 
problem that we actually have to

846
00:45:18,680 --> 00:45:21,760
explain how it works and nobody 
actually knew how to work. 

847
00:45:22,200 --> 00:45:25,200
So I'm really glad that like we 
have 36,000 people in myriad 

848
00:45:25,200 --> 00:45:30,480
markets researching everything 
because there's 36,000 people 

849
00:45:30,480 --> 00:45:33,320
now that actually know how this 
works, and I'm really happy 

850
00:45:33,320 --> 00:45:38,640
about that 2. 380, is that no 
38,000,038 million plus? 

851
00:45:39,080 --> 00:45:41,600
Yeah, that should be 40. 
Now that's actually out of that,

852
00:45:42,240 --> 00:45:43,840
can the devs please do? 
Something. 

853
00:45:44,760 --> 00:45:47,200
Oh, we gotta fix it, please. 
Come on. 

854
00:45:47,200 --> 00:45:49,840
Devs if they're watching. 
They should be fixing that. 

855
00:45:49,840 --> 00:45:53,040
This should be 250I. 
Made it up in my research. 

856
00:45:53,400 --> 00:45:56,560
OK there you go. 
And over 57,000 apps. 

857
00:45:56,560 --> 00:45:59,360
So I mean, look at these names 
you wouldn't like about you 

858
00:45:59,360 --> 00:46:00,800
guys. 
You're one of those like sleeper

859
00:46:00,800 --> 00:46:03,120
products that like absolutely 
every single people use. 

860
00:46:03,400 --> 00:46:05,680
And it's massive, but most 
people don't really know about 

861
00:46:05,680 --> 00:46:07,200
it because it's more on the 
boring side. 

862
00:46:07,200 --> 00:46:09,200
Like you normally pay attention 
to how things work. 

863
00:46:09,200 --> 00:46:12,000
And so tell us more about like, 
how does it work and like who's 

864
00:46:12,000 --> 00:46:15,280
really building Wallet Connect? 
Well, when you. 

865
00:46:15,320 --> 00:46:18,960
Actually build an application. 
The first thing that most people

866
00:46:18,960 --> 00:46:23,040
do is actually install an SDK. 
You know, whether that's like 

867
00:46:23,040 --> 00:46:28,480
Rainbow Kit Privy, like re own 
app kits dynamic like this is 

868
00:46:28,480 --> 00:46:30,160
the case, kind of like 
abstracts. 

869
00:46:30,240 --> 00:46:33,840
A lot of the complexity of 
building an app and one of the 

870
00:46:33,840 --> 00:46:37,480
key parts of building an app is 
actually you can't interact with

871
00:46:37,480 --> 00:46:38,560
the blockchain without the 
wallet. 

872
00:46:38,880 --> 00:46:41,840
So this is where wallet connect 
really comes in because 

873
00:46:41,840 --> 00:46:45,000
obviously you would imagine, oh,
this is something that you know,

874
00:46:45,320 --> 00:46:47,240
you just kind of like it just 
works. 

875
00:46:47,520 --> 00:46:50,000
But it didn't. 
It wasn't designed like that. 

876
00:46:50,000 --> 00:46:54,720
Like blockchain companies are 
focused on scaling and 

877
00:46:54,720 --> 00:46:56,400
throughput and all of that 
stuff. 

878
00:46:56,400 --> 00:47:00,480
Like wallets almost become like 
last thing that they actually 

879
00:47:00,480 --> 00:47:02,880
think about. 
And obviously wallet developers,

880
00:47:02,880 --> 00:47:07,040
they have to compete for market 
share and they are not also 

881
00:47:07,040 --> 00:47:09,520
incentivized to work together. 
And this is where Wallet Connect

882
00:47:09,520 --> 00:47:12,760
really comes in because it's not
just interoperability, it's this

883
00:47:12,760 --> 00:47:16,880
diverse ecosystem of people 
working together for the same 

884
00:47:16,880 --> 00:47:19,720
goal. 
And the only reason it works is 

885
00:47:19,720 --> 00:47:22,760
because this infrastructure was 
designed in a very neutral and 

886
00:47:22,760 --> 00:47:26,960
unbiased way that it works with 
any wallets without any 

887
00:47:26,960 --> 00:47:29,800
preference, any blockchain 
without any preference, and with

888
00:47:29,800 --> 00:47:33,200
any app. 
So nobody can complain that 

889
00:47:33,520 --> 00:47:35,600
someone is being favored over 
someone else. 

890
00:47:35,880 --> 00:47:39,200
And that's what created this 
massive organic growth where, 

891
00:47:39,200 --> 00:47:42,640
you know, it started as an idea,
but now everyone gets it that 

892
00:47:42,640 --> 00:47:45,000
this is a requirement to build 
on a blockchain. 

893
00:47:46,480 --> 00:47:48,560
And so you. 
Know it's I mean I was on the 

894
00:47:48,560 --> 00:47:50,320
website right now it said, you 
know, you guys just had the 

895
00:47:50,320 --> 00:47:54,160
AirDrop season 1, you know, 30 
million thousand users, 6000 

896
00:47:54,160 --> 00:47:57,480
apps, 600 wallets. 
You guys have a huge ecosystem. 

897
00:47:57,480 --> 00:48:00,760
So I was talking about how, you 
know, you waited seven years to 

898
00:48:00,760 --> 00:48:03,440
to actually have ATG. 
So then why why now? 

899
00:48:03,440 --> 00:48:04,720
And like, why do you guys need a
token? 

900
00:48:04,720 --> 00:48:06,320
Like where? 
Where does that come into play? 

901
00:48:07,520 --> 00:48:09,960
Yeah, I feel like. 
The first thing that you should 

902
00:48:09,960 --> 00:48:13,240
consider as a founder is like, 
you know, don't launch a token 

903
00:48:13,240 --> 00:48:14,760
if you don't have product market
fit. 

904
00:48:14,760 --> 00:48:18,160
Like you build the technology, 
you build an app, you build a 

905
00:48:18,160 --> 00:48:22,880
wallet if it hasn't actually got
any adoption. 

906
00:48:22,960 --> 00:48:26,440
And when I say adoption is like 
in start up world, you always 

907
00:48:26,440 --> 00:48:29,880
explain product market fit as 
like there's just this invisible

908
00:48:29,880 --> 00:48:33,240
force that just draws you in. 
Like that was something that was

909
00:48:33,400 --> 00:48:37,640
very easily felt with 
Wallachinic around 2020-2021. 

910
00:48:37,880 --> 00:48:41,680
Like the NFC market was just 
starting to come up and like 

911
00:48:41,720 --> 00:48:45,200
everyone just needed Wallachinic
for yesterday, you know, and 

912
00:48:45,200 --> 00:48:48,200
this ended up kind of drawing a 
lot of resources. 

913
00:48:48,200 --> 00:48:50,560
And that's actually when I did 
my first VC round, which was 

914
00:48:50,560 --> 00:48:53,120
like, guys, I can't keep up with
this. 

915
00:48:53,120 --> 00:48:56,320
You know, this was like a hobby 
project of mine and it got 

916
00:48:56,320 --> 00:48:58,880
really out of hand. 
And now I actually need to hire 

917
00:48:58,880 --> 00:49:01,560
people and build this 
infrastructure for the world, 

918
00:49:01,560 --> 00:49:04,880
like the the world needs this, 
you know, and then it just grew 

919
00:49:04,880 --> 00:49:08,200
completely like to be like this 
massive network. 

920
00:49:08,560 --> 00:49:12,160
And then we realized that we 
have become a little bit too 

921
00:49:12,160 --> 00:49:16,280
like the standard in a way that 
like if we get shut down, 

922
00:49:16,440 --> 00:49:19,600
everyone gets shut down. 
And this is not a good thing to 

923
00:49:19,600 --> 00:49:22,520
be, you know, it does feel 
great, which is like we reached 

924
00:49:22,520 --> 00:49:24,280
the scale. 
But at the same time, it's like,

925
00:49:25,040 --> 00:49:28,160
can I sleep at night knowing 
that like if something happens, 

926
00:49:28,160 --> 00:49:31,000
like people are not going to be 
able to connect their wallets. 

927
00:49:31,000 --> 00:49:33,400
And this is where like the 
centralization started coming 

928
00:49:33,400 --> 00:49:35,680
into picture. 
And I like to think that like 

929
00:49:35,880 --> 00:49:39,160
there is also after product 
market fit, there's token market

930
00:49:39,160 --> 00:49:42,520
fit, which is like when the 
market is just demanding that 

931
00:49:42,520 --> 00:49:47,120
like, I want to be able to use 
you without having the risks of 

932
00:49:47,120 --> 00:49:51,080
actually you getting shutting 
down or you just fail at your 

933
00:49:51,080 --> 00:49:54,800
job or you were sleeping. 
So things didn't work. 

934
00:49:55,200 --> 00:49:57,680
And this is where we started 
like onboarding more node 

935
00:49:57,680 --> 00:50:00,800
operators into the network. 
And obviously you went onboard 

936
00:50:00,800 --> 00:50:03,080
node operators, they need to be 
incentivized. 

937
00:50:03,080 --> 00:50:06,120
And the best tool to keep 
everyone incentivized was the 

938
00:50:06,120 --> 00:50:09,160
token. 
And so we really went into the 

939
00:50:09,160 --> 00:50:11,880
last mile to actually launch 
this token. 

940
00:50:11,880 --> 00:50:15,240
Like when everything we resort 
we didn't have any other 

941
00:50:15,240 --> 00:50:17,320
resource I. 
Mean. 

942
00:50:18,160 --> 00:50:20,840
This must have been, I mean, 
Tyler, do you have some of the 

943
00:50:20,840 --> 00:50:23,520
numbers holders etcetera because
that was that was a big, that 

944
00:50:25,080 --> 00:50:26,600
was a really big open this 
morning. 

945
00:50:26,600 --> 00:50:29,040
I know Tyler was following it 
closer to me. 

946
00:50:29,040 --> 00:50:30,480
Well, I was looking. 
At some of the network growth 

947
00:50:30,480 --> 00:50:33,760
numbers from March and some of 
these new records. 

948
00:50:33,760 --> 00:50:36,960
So let's just go through some of
these total connections up to 

949
00:50:36,960 --> 00:50:40,000
274,000,000, that's up 18 
million in March. 

950
00:50:40,080 --> 00:50:45,760
Unique Wall, it's up 5% in March
from 40.7 to 42.7 million. 

951
00:50:46,240 --> 00:50:52,760
Monthly active wallets up 28% 
year over year to 4 million. 

952
00:50:52,800 --> 00:50:56,320
Let's see integrated app 
products up to 61 1/2 thousand. 

953
00:50:57,440 --> 00:51:02,080
So the the month over month this
continues, I think that's. 

954
00:51:02,080 --> 00:51:05,080
What I really like about 
building, like Wall Connect, 

955
00:51:05,080 --> 00:51:07,840
it's like we don't really feel 
bear markets. 

956
00:51:07,840 --> 00:51:11,520
Like the demand for building 
blockchain is there. 

957
00:51:11,760 --> 00:51:15,000
You know, like January, February
and March. 

958
00:51:15,000 --> 00:51:17,960
Everyone was like super bummed 
out and the sentiment was super 

959
00:51:17,960 --> 00:51:20,280
negative. 
And I really don't know what 

960
00:51:20,280 --> 00:51:22,880
people are talking about. 
Like we just have so much work 

961
00:51:22,880 --> 00:51:26,680
to do and we have like so many 
people pinging us for help and 

962
00:51:26,680 --> 00:51:29,440
you know, builders aren't there.
They're just quiet. 

963
00:51:29,440 --> 00:51:32,040
You know, they're not in crypto 
Twitter, like saying this is 

964
00:51:32,040 --> 00:51:34,880
bad, this is good. 
Like they're just out there like

965
00:51:34,880 --> 00:51:37,360
really focused building. 
And the first thing that they 

966
00:51:37,360 --> 00:51:40,840
come up is like, I really need 
wall connect to do XY and Z. 

967
00:51:41,320 --> 00:51:43,680
So we just have like a lot of 
customer support. 

968
00:51:45,880 --> 00:51:46,920
Wow, this is. 
Sick. 

969
00:51:46,920 --> 00:51:49,000
I mean congratulations. 
How many people are working on 

970
00:51:49,000 --> 00:51:52,960
Wallet Connect so. 
Across the re owned team and the

971
00:51:52,960 --> 00:51:55,760
Wallet Connect foundation, we're
over 50 people now. 

972
00:51:56,520 --> 00:51:58,000
Wow, that's. 
Actually impressive. 

973
00:51:58,080 --> 00:52:02,360
I was expecting like O250 
people, 50 people with with a 

974
00:52:02,360 --> 00:52:04,040
company this big in terms of 
numbers. 

975
00:52:04,040 --> 00:52:05,960
That's, that's really, really 
impressive. 

976
00:52:05,960 --> 00:52:08,480
So congratulations on that for 
sure. 

977
00:52:08,480 --> 00:52:09,720
And then last question for you 
Pedro. 

978
00:52:10,440 --> 00:52:13,120
Obviously we're talking about 
all these usage, all this usage,

979
00:52:13,120 --> 00:52:15,080
all these connections via the 
network. 

980
00:52:15,080 --> 00:52:18,840
So how much value is actually 
flowing through that network? 

981
00:52:20,000 --> 00:52:23,320
Yeah, this is something that. 
We have had some estimations 

982
00:52:23,520 --> 00:52:26,200
about how much value is actually
going through the network. 

983
00:52:26,200 --> 00:52:29,720
It's definitely like in the 
billions, like the amount of 

984
00:52:29,720 --> 00:52:32,360
like transactions that go 
through US is amazing. 

985
00:52:32,360 --> 00:52:35,680
Like we have some estimates, but
we actually haven't gotten a 

986
00:52:35,680 --> 00:52:39,840
real amount to get a perspective
of why this is, is actually we 

987
00:52:39,840 --> 00:52:43,960
have a very private network, so 
it's all end to end encrypted. 

988
00:52:44,320 --> 00:52:47,800
So any information that we have 
around value is like self 

989
00:52:47,800 --> 00:52:50,240
disclosed. 
And this is something that like 

990
00:52:50,320 --> 00:52:53,120
more app developers have 
actually started doing self 

991
00:52:53,120 --> 00:52:57,000
disclosing because it also 
provides them more insights over

992
00:52:57,000 --> 00:52:59,800
their user base. 
And through those insights, we 

993
00:52:59,800 --> 00:53:03,080
actually have been able to see 
like that there's every month 

994
00:53:03,080 --> 00:53:06,960
there's like more and more value
like So yes, like I said, like 

995
00:53:06,960 --> 00:53:09,120
it's not just developers, it's 
actually users. 

996
00:53:09,120 --> 00:53:13,040
And as we saw, like the number 
of connections is like growing 

997
00:53:13,520 --> 00:53:16,360
like, so the number of 
connections now ranges around 20

998
00:53:16,360 --> 00:53:21,360
million per month, which is like
way bigger than the like 7 or 8 

999
00:53:21,360 --> 00:53:23,560
or 15 that we had like last 
year. 

1000
00:53:23,960 --> 00:53:27,480
So there's more connections. 
And one other metric that we 

1001
00:53:27,480 --> 00:53:30,400
noticed is actually not only we 
have more connections, we have 

1002
00:53:30,400 --> 00:53:33,640
more connections per user. 
So the average user used to 

1003
00:53:33,640 --> 00:53:36,880
connect like one maybe twice, 
and now we're actually going to 

1004
00:53:36,880 --> 00:53:40,520
the three times average. 
So people are actually doing 

1005
00:53:40,520 --> 00:53:44,200
more stuff, you know, it's not 
just like using an app, doing a 

1006
00:53:44,200 --> 00:53:46,240
swap or buying NFC. 
They're actually trying 

1007
00:53:46,240 --> 00:53:50,240
different things. 
This is this is all super 

1008
00:53:50,240 --> 00:53:53,120
interesting, like you guys have 
one of the best outlooks into 

1009
00:53:53,120 --> 00:53:55,160
the industry, right? 
So like, I think people like 

1010
00:53:55,160 --> 00:53:58,760
beyond like the whole wallet 
connects pitch here, like people

1011
00:53:58,760 --> 00:54:00,840
need to, they read between the 
lines. 

1012
00:54:00,840 --> 00:54:04,480
Like people love to complain 
about the market usage, 

1013
00:54:04,560 --> 00:54:07,440
activity, price action, but 
there's more than just the price

1014
00:54:07,440 --> 00:54:11,800
of crypto. 
Like you guys have literally so 

1015
00:54:11,800 --> 00:54:14,080
many users and you're seeing 
these numbers go up. 

1016
00:54:14,440 --> 00:54:16,880
I think the most important, the 
best part of this, it says 

1017
00:54:16,880 --> 00:54:19,000
repeat users. 
So they come and they stay and 

1018
00:54:19,000 --> 00:54:21,360
they repeat activities. 
So they connect once and they're

1019
00:54:21,360 --> 00:54:24,200
done. 
They're actually active and they

1020
00:54:24,200 --> 00:54:26,200
keep on going and going on. 
That's awesome. 

1021
00:54:26,600 --> 00:54:30,080
That's that's why I really like.
The monthly recurring users more

1022
00:54:30,080 --> 00:54:33,080
than even the the 40 million 
like 40 million is cool. 

1023
00:54:33,080 --> 00:54:37,440
That sounds amazing, but like 
seeing 5 to 6,000,000 active 

1024
00:54:37,440 --> 00:54:40,320
views where there's like every 
month, like those are people 

1025
00:54:40,320 --> 00:54:43,760
that just keep coming back. 
You know, those are actually 

1026
00:54:43,760 --> 00:54:46,280
like power users. 
They're there, they're here, and

1027
00:54:46,280 --> 00:54:49,080
the number is growing. 
So it's not tourists. 

1028
00:54:50,080 --> 00:54:51,960
I love that listen. 
Pedro, congratulations on 

1029
00:54:51,960 --> 00:54:54,800
everything. 
Check him out WCT Token 1 Live 

1030
00:54:54,800 --> 00:54:58,320
Today. 
You can also earn up to 150,000 

1031
00:54:59,040 --> 00:55:02,520
well connect tokens up for grabs
on myriad dot markets. 

1032
00:55:02,840 --> 00:55:05,640
Hey, make sure you check it out.
I mean, it's cost nothing. 

1033
00:55:05,640 --> 00:55:08,200
And on top of that, you get to 
do research on one of the great 

1034
00:55:08,200 --> 00:55:10,800
companies in this industry. 
So Pedro, thank you so much for 

1035
00:55:10,800 --> 00:55:12,800
for being our partner and thank 
you for coming today. 

1036
00:55:13,880 --> 00:55:16,360
Thanks for having me guys. 
Appreciate it man, see you. 

1037
00:55:16,440 --> 00:55:18,480
Have a good day. 
All. 

1038
00:55:18,480 --> 00:55:20,880
Right, all right, all right. 
That was dude, this is crazy. 

1039
00:55:20,880 --> 00:55:23,840
I was 2015 million used to 
transactions. 

1040
00:55:25,080 --> 00:55:29,440
Crazy fuck. 
Damn that's actually nuts. 

1041
00:55:29,440 --> 00:55:31,280
I remember hearing this for the 
first time in Hong Kong. 

1042
00:55:31,280 --> 00:55:32,200
I was like what the fuck?