0xResearch

Why would a DEX and a lender merge into one company? This week, we're joined by Formation CEO Luke Truitt to unpack the Orca and Loopscale merger and why he now calls Orca a market structure company. We explore why liquidity caps onchain credit, neo-clouds borrowing onchain, xORCA's fee cut, and the rise of prop AMMs on Solana. Enjoy! TIMESTAMPS: 00:00 Luke Truitt, CEO of Formation 02:28 Why a DEX...

Who really captures the value when real-world assets move onchain? This week, we finish grading Citrini's tokenized-asset basket and argue where the weights are wrong. We explore Uniswap's case for a bigger weight, Aerodrome's catalyst trade, Backpack's IPO-linked token, LayerZero's unlock overhang, and whether Ondo is priced too richly. Enjoy! TIMESTAMPS: 00:00 Intro 00:32 Sentiment Check 03:37 I...

Is Citrini's crypto basket betting on the right themes but the wrong weights? This week, the team grades the top half of Citrini's viral crypto basket, coin by coin. We also explore DAS Singapore's consensus coin, Derive's valuation, the EtherFi vs Ethena fight, onchain lending competition, and whether Hyperliquid deserves the top spot in every crypto portfolio. Enjoy! TIMESTAMPS: 00:00 Intro 00:2...

Ethereum's last real edge, its liquidity moat, is slowly eroding as new activity moves to Base, Robinhood Chain, and Solana. This week, Carlos and Jake take opposite sides on where the marginal dollar is really going as activity spreads beyond Ethereum. We explore the tokenized stocks race, whether Ethereum should charge L2s more, the odds the Bitcoin bottom is in, and why DATs may never reclaim t...

Bitcoin no longer has a monopoly on crypto’s bull case. This week, the team asks whether revenue-generating tokens, Zcash, and onchain collectibles can sustain value beyond Bitcoin. We also dig into why lending markets and neobanks may benefit more from tokenized assets than spot trading venues. Enjoy! TIMESTAMPS: 00:00 Intro 01:03 Can Alts Keep Outperforming Bitcoin? 05:01 SEC Clears The Way For...

Is reinsurance becoming DeFi’s most useful collateral? This week, we're joined by Ryan Connor of RockawayX and Ayyan Rahman of OnRe as we examine how ONyc turns institution-only reinsurance into composable onchain yield. We explore uncorrelated premiums, Kamino leverage, catastrophe risk, and why tokenization only matters when it adds real utility. Enjoy! TIMESTAMPS: 00:00 Intro 04:15 How Does Onc...

Is crypto’s latest cooldown a warning or the setup for its next leg higher? This week, we examine where lasting strength is emerging as speculation fades across onchain markets. We explore Robinhood Chain’s growing influence, Uniswap’s resurgence, composable leveraged products, and the uncertain case for stablecoin chains. Enjoy! TIMESTAMPS: 00:00 Intro 01:57 Can Crypto Break The Holding Pattern?...

Is crypto’s bull market just getting started or already winding down? This week, we unpack whether the ongoing onchain surge is sustainable and whether Robinhood Chain represents a lasting shift or just another speculative spike. We explore Robinhood’s insane REV growth, stock-backed meme coins, Pump Fun’s competitive threat, and Zcash’s resurgence as a Bitcoin alternative. Enjoy! TIMESTAMPS: 00:0...

Crypto’s retail engine is turning back on, but can this new wave of onchain activity actually sustain itself? This week, the crew breaks down why Robinhood Chain, the meme-tokenized equity meta, and social trading are emerging as major growth drivers for crypto. We also dig into Uniswap’s surge, FOMO’s breakout potential, Ethena’s token reset, and whether crypto DATs can make a comeback. Enjoy! TI...

The crypto mood flipped almost overnight. What changed? This week, Marc and Nick join to break down the catalysts behind crypto’s sharp sentiment reversal and whether they can sustain a broader recovery. We explore Treasury intervention in the bond market, the SEC’s new crypto framework, President Trump name dropping Hyperliquid, and whether ICOs could replace airdrops. Enjoy! TIMESTAMPS: 00:00 In...

Crypto’s next breakthrough could come from fundamentally rethinking how companies are built, funded, and governed. This week, we’re joined by Michael Rinko from Colosseum to explore how MetaDAO, Colosseum, and Solana are reshaping startup formation, governance, and distribution. We discuss futarchy, internet capital markets, tokenized equities, AI-powered builders, and where consumer crypto goes n...

Is the next onchain bull market already taking shape? This week, we unpack Pump’s resurgence and Fomo’s explosive growth as social trading brings users back onchain. We debate Pump’s buybacks and token value, Fomo’s social moat, where crypto infrastructure captures value, and whether trading can become social media. Enjoy! TIMESTAMPS: 00:00 Intro00:46 Pump’s Bull Case08:24 Are Pump’s Revenues Real...

Will Aerodrome become the definitive onchain spot exchange? This week, we're joined by Dromos Labs CEO, Alexander Cutler, to unpack MetaDEX03, Aerodrome’s multi-chain expansion, and the model Alex believes can win across Ethereum and beyond. We discuss MEV capture, tokenized RWAs and FX, LP economics, and why maximum value redistribution could be crypto’s strongest competitive moat. Enjoy! TIMESTA...

Crypto's future belongs to the few protocols that create real value, while nearly every other token is destined to fail. This week, the team explores why Hyperliquid keeps gaining momentum while most crypto tokens continue to disappoint, and what that says about the industry's future. They discuss Hyperliquid's growing role in price discovery, the TradeXYZ controversy and its importance to the eco...

Crypto’s regulatory window is closing, but is the market already finding its floor? This week, Ryan and Marc join Luke to weigh fading CLARITY Act odds and surprise upside trades against broader signs that crypto may be approaching its cyclical low. They also unpack SEC scrutiny of DeFi vaults, Aave versus Morpho, Bitcoin’s multi-year bottom signal, and why Fake World Assets could revive onchain e...

Will crypto’s winners be the platforms that own users or the chains beneath them? This week, we dig into Robinhood Chain data and why distribution could reshape where crypto’s value accrues. We also discuss CLARITY odds and potential market impact, memecoins as retail onboarding, Base’s identity crisis, more Strategy sales, whether Bitcoin is finally bottoming & more. Enjoy! TIMESTAMPS: 00:00 Intr...

Can crypto finally solve the disconnect between product success and token value? This week, we explore why Venice AI's equity raise reignited the token-versus-equity debate, what it reveals about crypto capital formation, and why better disclosures may be the industry's next major unlock. We also discuss Strategy's recovery, Robinhood Chain's launch, Venice's AI growth, MetaDAO's ownership model,...

In this episode, we discuss Strategy's updated capital framework, the launch of Open Standard's consortium-backed stablecoin, Robinhood's latest crypto product announcements, Hyperliquid's priority fee model and revenue potential, and the evolution of trading activity on Solana, including tokenized equities, meme coins, and broader market structure trends. Thanks for tuning in! As always, remember...

In this episode we discuss Strategy’s financing approach and Bitcoin market dynamics, the rise of tokenized equities on Solana, evolving onchain market structure and trading infrastructure, competition among tokenized stock issuers, investment implications for related protocols, and indicators that could signal a potential Bitcoin cycle bottom. Thanks for tuning in! As always, remember this podcas...

In this episode, we discuss market reactions to new Federal Reserve Chair Kevin Warsh’s first policy meeting, Strategy’s STRC preferred shares trading below par and the company’s capital allocation options, Hyperliquid treasury and HYPE accumulation dynamics, SpaceX’s launch on Hyperliquid, competitive pressures within the HIP-3 deployer ecosystem, and the outlook for U.S. crypto regulation under...

In this episode we discuss SpaceX’s IPO and its potential effects on equity and crypto markets, including Bitcoin performance, ETF flows, valuation metrics, and mining trends. We also cover Ethena’s evolving yield strategy, reserve diversification, institutional lending, token value accrual, and the implications of its partnership with Coinbase. Thanks for tuning in! As always, remember this podca...

In this special episode, Blockworks announces its acquisition of Messari and unpacks what it means for crypto’s next phase. Michael and Jason explore why Messari’s breadth of data, APIs, and research complement Blockworks’ deep on-chain analytics, investor relations, and disclosure products. They also address crypto’s trust problem, the need for standardized data and disclosures, and how Blockwork...

In Boccaccio’s final episode, a rotating group of guests joined throughout the show to share their perspectives and send him off. We covered the recent cryptocurrency market downturn, Zcash’s sharp decline, Bitcoin ETF outflows, MicroStrategy’s strategy and tokenized products, DeFi lending dynamics, Hyperliquid-related flows, token transparency initiatives, blockchain adoption challenges, and inve...

In this episode, we discuss Bitcoin’s underperformance relative to equities and select crypto assets, the rise of Hyperliquid amid strong ETF and institutional flows, Morpho’s new fixed-rate lending initiative and valuation debate, evolving dynamics in DeFi lending markets, and Ethena’s shifting yield strategy, reserve allocation, and diversification efforts. Thanks for tuning in! As always, remem...

 In this episode, we’re joined by Luke and Sam to discuss the evolution of crypto trading infrastructure, including Solana’s push to improve perpetual futures execution and compete with Hyperliquid. We also cover tokenized equities, onchain yield markets, Pendle’s role in DeFi incentives, and the growing adoption of tokenized Strategy-related assets. Thanks for tuning in! As always, remember this...