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THE DAILY ALPHAβ»οΈ
Recorded: June 21, 2025 Duration: 1:01:48Space Recording
Short Summary
In a dynamic crypto landscape, the postponement of the Pump Fund token auction highlights ongoing market challenges, while Hyperliquid's rise in revenue generation signals shifting user preferences. New projects like Fizz Social are emerging, promising innovative opportunities for investors.
Full Transcription
Thank you. Yo, yo, yo, what's up, TDA fam?
Welcome to the Daily Alpha.
We are here on a Saturday for the first time in like two weeks,
so we appreciate you guys stopping by.
If you could z-ed our post, get us some points, like and repost also.
We really appreciate that, man.
You know, we come out here, kind of host the space five days a week.
This week we had to take one day off because of some emergencies.
But we're here on Saturday.
We have different crowds, people working sometimes.
So we want to, you know, make sure that we're here.
And, you know, people, you know, that have their day off can actually tune in us too.
So we appreciate you guys.
Like, repost, Allison's Threads up top.
You guys know the deal, how this works.
We appreciate you guys.
We love you guys.
Be here for the next hour so feel free to come
up saturday spaces are typically a little more lax talk about shit off the wall talk about just
topics in general but we do appreciate you guys stopping by and uh we'll get it cracking man
how we doing this morning chief i know it is saturday kind of uh doing things here and that
bro but how we doing this morning brother you doing all yeah i'm good man all good just uh you know on the brink of watching our bags do well or or not
and just try not to stay bored right we talk about that all the time this is when like
me being a nerd and playing games really comes in because when you want to keep clicking sometimes
it's best for you not to keep clicking uh it's best to kind of log off or not revenge trade and stuff like that so just again reiterating
find a hobby find a way to not be bored right because i think that that's the number one way
to lose money in this space is getting bored getting antsy trying to force plays right the
reality is you shouldn't have to force
plays and if you need money every single day then you're not managing the stack correctly and then
we need to talk just strategy in general you know yeah i'm kind of in the same way where i have to
like pull my reins back because i find a lot of new stuff and is it actually just new is it noise
or is it actually alpha and so the past two or three days
i've been kind of like all right i have found new stuff but should i actually talk about it
should i wait till it kind of galvanizes should i wait till there's actually some roadmaps and
stuff to talk about it so kind of the same way where i could throw out a bunch of shit and tell
you guys to do this and that but what was that really going to help you guys so i've been kind of holding off and waiting you know let me use it let me talk to the team before actually
talking about it and make it actually alpha so i know you know yesterday we had the zeep boost
um meta the new social fi thing with uh ponds and apparently it's backed by ethos or working with ethos no no no serpent cleared that up too it is based off of
and it uses your ethos score right but what he said very clearly is ethos is for anyone and
everyone to build off of right it's I mean yeah you can integrate Yelp into your platform but
doesn't mean this is backed by Yelp, you know
And that was one of those things that a lot of people were saying on the timeline. Oh, if serpents involved
So am I and in a sense like yeah, they're utilizing ethos
Like an API call right and that's how they're pulling up your score and doing all that kind of stuff
But at the end of the day, they're just sourcing data from ethos
Yeah, I mean that's obviously how this space works with narratives.
They'll create, you know, no one does any research and they just run with stuff.
And obviously, Pond stated that that was yesterday wasn't trying to get as much exposure as possible.
And, you know, they had like time limits and there was like a rush to do things.
And it definitely got up to like the top 30 uh just words used on twitter yesterday so definitely the engagement part getting the
word out definitely worked but i don't think this was something where you guys had to rush
into something thinking that that was going to be your opportunity to whatever they're going to do
is like basically qualify you for a thousand dollars stimmy i think this is going to do is basically qualify you for a thousand dollars STEMI.
I think this is going to be a lot more than just a 24 hour or six hour campaign for you guys to actually make any money off this.
So is this something that you're willing to participate for the next two to three weeks
and do this over and over again to get something possibly money?
I'm not actually sure.
I don't even think those points are even worth even a cent right right now so you just got to be aware when you're starting this stuff
is that is this something that you're going to continue to pursue continue to be consistent with
to actually make those rewards because there's very it's very minimal where you do something
for six hours and it's even worth a damn where everybody on the timeline is doing the exact same
thing and so do you think this is a bigger marketing campaign for ponds?
Obviously, on Monday, he's launching GrindCoin.
And then he has this going in the same day or in the same week.
So is this all like part of the same plan?
Does GrindCoin have something to do with Z?
But I do think it's interesting.
I'm not trying to, you know, I've been bullposting about ponds a while.
And, you know, last week we were talking about GrindCoin.
And, obviously, Chief, you brought up a great point.
Everybody loves to twerk on these people as soon as they launch something.
Forget about them next.
So, you know, if everybody's bullish on ponds,
then you guys should all be bullish on GrindCoin next week, right, too?
So I just wanted to make sure we're all on the same page here.
Well, I think the indicator on that is has the flip the plague's floor price moved right like let's be real if you're bullish on pawns you're bullish on the
ecosystem i mean traditionally it only makes sense to go pick up a genesis asset so you bullish on
pawns are you bullish on this opportunity that's coming up or the ability to get a grind
coin aloe you know because that was my point man it's like this guy's not a new builder he's
actually built two or three web two revenue generating might not be a lot of money might
not be what you and i want to speculate on but he builds actual companies and shit the plague has
been steady but never got their limelight because there's nothing to speculate on, right?
I mean, he's been very, very cut and dry of, hey, this is an actual business.
I use this to garner community, right, and establish distribution rails.
So I think that that's the interesting part right now is if you want to really see the sentiment is a lot of posts, a lot of pawns this, pawns that.
I've loved him all along. And yet, if you
check on-chain activity, they haven't even ever owned a plague, right? Or interacted with anything
from that ecosystem. So, you know, just the, oh, it's cool because money's there and available.
But in reality, if we had the bullishness on pawns, then the plague would be running because
they're ultimately going to get taken care of the highest with the highest allocation anyway right so yeah i mean
obviously he has a reputation of building businesses so is he a good ponzi nomics
fucking make you money uh you know builder or is he just you know what is what does he qualify as
or what has he been deemed in the past?
And he's been a builder.
So I would expect Z, or whatever you want to fucking call it, is probably going to be something that is not attention.
Something that's going to go away in a week.
I think that he's going to draw this out.
He has probably been building this for a while.
And I think just for you guys, not to get shiny object syndrome with all this social fi stuff and if you guys believe in him then you need to continue to be consistent with the zed app if you think you're gonna make
any money off this and like obviously two weeks ago we had the cookie dot fund and all it takes
is a few kols to make you guys you know flip out and do all this stuff so if you guys are gonna
want to make any money on this like just be cognizant that there's gonna be another social
fi app next week that's gonna ask you to do the same shit yeah i'm waiting for the one that does the opposite look if anybody's
out there listening or palms i mean if this gets to you i think this should be like golf the person
that signed up for the application but didn't sit there and whore themselves out for clicks
should win because that means that they don't want the money and they don't care for the money. Clearly the people that are going and clicking thousands of
people like links or whatever participating, they want the prize, right? I just think that that's,
you know, when you start getting these fun psyops and stuff like that, you start playing into
indifference and different marketing tactics because I mean, at the end of the day, it's
who's working the hardest traditionally is not going to hold
and not want to actually realize their prize, right?
I mean, to them, the harder they work, the more of a prize and a payment it becomes.
So I think that that's also an interesting metric when you look into InfoFi and SocialFi is
what data are we actually getting from this?
Because at the end of the day, that's what SocialFi and InfoFi was supposed to kind of solve, right? Was to provide new data sets in order to make better
inferences, speculate, gamble, whatever you think your investment method is.
I mean, ultimately, like, let's back to history, like, it hasn't been the people that have spammed
that actually have got these thousands of dollars, like Cato, in the very beginning, before they
released any yaps um that
was an 800 airdrop for me and we were just doing yaps in general and we're just farming not even
farming just doing it because we did it and then ethos came out like i couldn't give away fucking
invites for you guys uh yeah but we were early and we did it and everybody faded it and you know
we got the ten thousand dollar airdrop the people on the timeline that faded it didn't and so it's not always the ones and even laudio like when laudio
went fucking berserk it wasn't the when the timeline did it we were talking about it a week
and a half two weeks to talk about it and that's how we got to the top the leaderboard chief talked
about it one time a week before everybody did it and he still made the leaderboard he made one post so like socialify in general has always been early and not the farmers so you guys just
need to like i think with this one maybe it's more consistency over anything but like i still think
you could earn points off of you participating in other people is i'm not saying solving a problem
but helps with the referral farming of being just
early, right? Because that's another thing too. It's one of these things, if you're hella early,
you drop the referral link. I mean, you're good. You don't even have to participate in the app.
You just got to be the first guy to put the app on the timeline or refer that out, right?
And I think that with this one, you actually got more boost by participating and clicking
in other people's
stuff rather than other people just clicking on yours, right? So it tried to incentivize people to
participate a little bit more than just be the first early guy referral thing. So working closer
towards solving these issues, but at the end of the day, like it's a trade-off, right? One side
gets fixed, the other side still has issues
and ultimately you just got to come to the realization that there is no perfect method
someone is going to be upset on one side of this coin and doesn't matter if you please 99
that one percent is going to show the fuck up and probably be louder than all 99 right so just
something to keep in mind too uh go ahead evan Evan. You came up, man. Yeah, so I just kind of want to hear your guys' thoughts.
I was reading his post this morning that was like, we could have left this open for a couple days, a week, and they decided to do whatever it was, like nine, ten hours instead.
I feel like that's an interesting way to turn this kind of on its head it was literally just like a giant flash in the pan of marketing where like if you were on x last night it's all you saw you know a couple hours before it closed
it was like 75 percent of my feed was this i think that's why it was really shitty like if you were
european or if you were you know japanese like asian or anything like that i mean you're you
were done like you literally woke up and didn't see this at all.
You know, you went to sleep before it started,
and then right before you woke up, it already faded.
You know, so I think that that's one of those things too.
It's like, yes, you're trying to get an all-inclusive data set,
but in reality, if the data is what's important,
I mean, this was skewed to begin with just because of the time of launch, so to speak.
Yeah, I feel like a 24-hour kind of limit would have been a little bit better encompassing.
But I like the idea of leaving it open for a very limited time rather than letting it run rampant on the timeline and ruining people's feeds for a couple weeks.
That was brutal with things like Portal. yeah portal was pretty bad dude uh but yeah i thought this was gonna be
our timeline was cooked for for at least a couple days so i'm glad that it wasn't i mean this shit
just makes it hard to sift through this and find anything no one's interested in anything besides
whatever's dangling in front of them, you know?
Definitely a good time to be on the internet. I mean, the space is collapsing.
Everybody's capitulating of asking
if our altcoins are ever going to go back up.
I mean, a lot of these coins are down 40%
in a month.
Do you think this continues to happen, though?
I mean, pinned up top, you got Elon's new stance
on potentially banning anything.
It's a farm, bro.
That's not even real.
Yeah, Camels look great at that, dude.
I was like,
oh yeah, you can see the news app looks
botched. I was like, oh, that actually makes
sense, though, because he has been knocking down
all those people that use the API for
other shit, right?
For login purposes, so I could definitely see him
getting mad at this fucking
spam, so to speak. I don't know if you saw the news that World Like other shit right for login purposes. So I could definitely see him getting mad at this fucking
The spam so to speak You know if you saw the news that world point and reddit are oh, yeah
Yeah, post that the orb I do this orb looks better
Like I don't know if this is the v2 of the orb. It looks less intimidating now
I mean the first one look dead-ass scary
This one got a little gold and shit on it like to make me think that I'm going to get, I don't know.
But I got the picture of the orb up top.
Yeah, so apparently Reddit is trying to skew bots now that the rise of bots have taken over the timeline in social media.
And I guess these social medias or governments in general are basically trying to enforce laws.
I think Australia has a law where these social media platforms have to take some kind of activity
and verify that there's actually age and users on their platform and not actual bots.
And so I don't know if this is a big honeypot or what is going on here.
Like, will this be used to like take us off the internet or cause censorship in the future
if we don't actually scan our irises?
Or maybe is this Sam Altman's way of, I know he's talked about launching his own social
media platform to actually be able to scrape data.
Maybe he gets some deal where he's able to scrape the Reddit data to build his LLMs because
that's what Elon has basically over Sam Alpin and
Chachapi right now is he has all these data sets that he can do off of and Sam Alpin's kind of
behind the game. So I don't know if this is just a way to enslave us further down in the future
and kind of deem us, you know, if we don't scan our orbs, like disinformation and like
threats to society. But WorldCoin is up, I think, 15 think 15 20 on the news of this uh partnership
and it looks like a lot more social media platforms in the future are going to have to pick
some sort of orb-esque fucking protocol to be on the internet in the future as the rise of ai
agents and and and this shit takes over i know that this isn't the only solution. Like, I know that we have,
there are other solutions to verify information and data
and people are humans,
but this one seems to be the one
that is kind of circulating the most recently is this orb.
So I kind of feel like this is manipulation
and some way to kind of course us into doing something
that we'll regret later in our lives, bro.
So it's kind of interesting, man. i don't know how to feel about it but uh it's definitely you know i
was reading the article about this and i didn't even know like australia was actually implementing
laws on this already like against it to the half social media platforms actually have to basically do this because in April, a Reddit lawyer sent out formal legal demands to the University of Zurich, whose researchers use AI to impersonate actual users in an experiment on the powers of AI persuasion.
And states across the U.S. are considering or passing new laws that require Internet companies to verify the ages of their users.
As a result, there's a new urgency to find ways to verify some information about people online while also providing the privacy and anonymity has become the cherished characters of the web.
And so last month, Reddit co-founder Steve Huffman said AI and age verification laws would eventually force companies to check whether its users are human of a certain age.
And so I guess this is, you know, now a third party app that's doing it.
And then with World ID users have already been scanning their irises for free money.
And so this is like a way if you are going to implement it, at least you can give your users some kind of money for doing so instead of like, you
know, force blinking and like not actually them getting anything out of it.
And then on Thursday, for instance, Australian government published a report on the feasibility
of a new internet age and verification law.
The report found that there are many sufficient options, but no single obscurity solutions
that would suit all use cases, nor did we find solutions that were guaranteed to be effective in all deployments.
So definitely seems like something that's going to be coming down the line.
You're going to start seeing on news more often and possibly might be a debate,
you know, in next elections about like, all right,
what are we going to do with AI and social media?
And like, obviously, let's be fucking frank, guys.
The NSA has all your information.
They know all your emails.
I mean, go watch the Snowden movie.
They have fucking, you know, they scrape everything.
And then obviously the FBI has back doors into all these social media apps in general.
I mean, look at what they did to the Telegram fucking founder when he didn't play ball a few months ago in France.
They're like, oh, you're not going to give us a back door.
Oh, we're going to fucking send you to jail.
So let's not be like naive to think this is already happening.
And they're just trying to play dumb and act like this is an issue.
And I feel like this is kind of like an okie doke to get us to verify a reason to verify
and then kind of use this information in the future to
deem us some kind of threat to society in my opinion that's typically how this all works bro
so yep so just be just be wary about that obviously i'm not scanning my eyes i'll just
fucking go off the internet for a while dude i'll just fucking go steal chief's eyeballs i mean you
can do calm scan right i think that that's going to be the most less intrusive way that people are going to try to do it. I mean, they already have it in China and a bunch of other spots in Asia. But yeah, palm scanning, right? I mean, ideally, because when you do your face scan on an iPhone or anything like that, it's not actually your eye, right? They're doing facial structure, they're doing eye position, eyebrows, stuff like that.
facial structure they're doing eye position eyebrows stuff like that um so it is it's kind
of a general scan rather than you know like a fingerprint so to speak and your palm print is
similar to a fingerprint they're each unique so we we had the thumbprints on apple before we did
the iris scans on apple i mean don't you remember when you actually had the home button on the apple
phone and it basically verified your fingerprint yeah so it's not like we haven't had that before.
We just moved to the faces and shit because I feel like that's really the information
that advertisers want.
They want to see your dopamine hits when you get excited for ads so they can add for you
more.
The fingerprint is the best verification because who doesn't have a fucking finger, a distinct
fingerprint.
It's more about the advertisers and what they really want.
And that's why they moved to the facial recognition because they can see what ads you're attracted to,
where your eyes linger on the page so they can push ads for you better than just a fingerprint,
which is actually the best way to identify humanity. Pinned up to the top, we have our
suspicions correct. We talked earlier this week about the possibility of the PumpFun token being delayed due to the hack,
Alon being suspended, all that kind of stuff too, right?
And it looks like it will be.
So, originally slated for June 25th, it now appears that it will happen in mid-July.
it now appears that it will happen in mid-July speculation is that speculation is if this is
happening or around the fact of legal concerns or is it just because of the regular market downturn
so pumped up funds Solana meme coin has postponed its token auction listing for the second time
pushing the launch from June 25th to mid-july this delay comes
after the platform faces multiple legal challenges including a class action lawsuit and ip uh property
claims the token auction was reportedly aiming at raising one billion dollars at a four billion
dollar evaluation more smoke obviously they want the market to be better when they
launch their fucking token they're just giving excuses of why they don't want to fucking launch
their token this week because the whole market's down 50 so obviously they do it in july uh there
might be a rate cut and some trade deals that are done and there might be more of a bullish market
than launching it next week when everybody's trying to sell everything that they have so
just a more another okie doke nothing is what it seems in this space everybody has excuses but the
real fucking problem is do you want to launch a pump fund token when everybody's leaving and
everybody's selling their fucking bags and everybody's down on just meme coins in general
i doubt it so yeah the the fucking thing they're suspended for a day. What are we even talking about, dude?
Like, oh my god, it's suspended for a day.
Let's not launch a token for another month.
Like, give me a fucking break, dude.
That's not the reason why.
Hyperliquid just broke revenue generated over Pump Fund for the first time in months.
So, Pump Fund's revenue generation is going down.
First time, I think Hyperliquid jumped over it.
So the first time Hyperliquid passed PumpFun and fees on the 30-day.
So there's another reason of why they don't want to do it
because they're losing market share to Hyperliquid.
And they're just, you know, the marketing and the market right now isn't great.
So GG's to them for coming up a great excuse.
I guess they used chat gpt to try
to figure out how to market this but yeah that was that's a good one bro i mean on that note i've
been looking at hypeos as a good entry point and right now they're sitting at roughly one eth bro
i think it was 89 hype um so put it at roughly 2300 2400 bucks so for anybody that's been
sidelined i mean i myself am sidelined, but
comparative to the, I mean, they're down over 50%, right? And then on top of that,
price action on hype is down, I think, roughly about $15 on the coin itself each, right? So,
I mean, in terms of risk, reward, and potential marginal upside, upside right you have price of hype increasing
which ultimately values the asset more and then you also have the asset itself uh returning to
you know kind of its potential of where it was as all-time high again so just something to keep in
mind as it's on my list of things to watch and And I think it's kind of being slept on right now.
Do you think it is the top for hype?
Or do you think it goes back?
Because have you heard this new term, Clob?
It's centralized limit order books is the new term.
And now that everybody's creating their own hype competitor,
obviously Coinbase is launching their own perpetuals.
And now they're listing hype on all these sexes.
So the buyback and burns aren't going to be nearly as much because people are going to be using other exchanges.
And do we think that Hyperliquid has now, whenever you have a great idea, just like PumpFun, for a few months there, it generates the most revenue because it's the only one in town. And then over time, everybody creates and it gets diluted. And now the liquidity spreads out to
multiple sexes or multiple. But I would say yes, if it was only a perps platform. But I think that
the fact that they're they have their EVM and they're going about the whole chain aspect.
I mean, that's a whole second ecosystem that revenue that generates revenue fees for
potential buybacks ultimately it's going to change the landscape and probably the speed into which
hype increases right now right but i still think that the fact that they're not just limited to
being only a perps platform that opens the door for other avenues and just sink offs that you
wouldn't have anywhere else.
But the main reason why it went so parabolic was the buyback and burns.
Like that is a big reason why the price went so ballistic was the fact that they bought so much.
People are using it so much and, you know, the fees generated and they were able to continue to buy and burn the tokens.
Now that you don't have to use Hyperliquid to buy hype you could buy it on coinbase and then now other people are going to use other centralized exchanges those
buyback and burns are going to be less and less and then that kind of puts the the biggest
accelerator to the price in question i do think it's a great product but now with more competition
coming in i like does it have nearly the upside as it did maybe two to three months ago? So, yeah, that's what I'm saying. I think the upside is still present. I just think at a different rate, right? If it was growing at a rate of, let's just say 20%, 50% a day, I think that now with this changes, it doesn't derail the loop, right? Because they have the EVM side of things to could to try to balance this out but it
does slow down the rate and the acceleration of growth that it was having right i mean hype had
no basically no dips uh because of this kind of loop that was established i mean it would have a
small pullback and i think the biggest drop since launch was when they had the binance fud and all
like the oracle price changing bullshit, right?
Which was warranted but since then I mean it's just been compounding and accelerating at a rate that's kind of unheard of
Right, especially for a new l2 or a new chain. So I don't think it changes
The trajectory of hype long term. I do think it changes the speed short to medium term
I got some hands on this
topic let's go ahead j25 and then we'll go to evan yeah go ahead jake i'm on my bed oh no worries
morning guys uh great topics as usual um i think one big thing and you brought up uh how pump fund
uh fees have been going down and hyper liquid bump back up right so this is kind of
the image when i first got into crypto of something i thought we would see is these flywheel projects
that are actually projects revenue generating and trying to move forward something one big thing i
think you may have overlooked though is kyc the non-kyC factor of hyperliquid has value compared to Coinbase and other ones. And
I think that that's undetermined, right? It's really hard to know what's going to happen.
But I think that is a really big factor moving forward. Well, yeah, because I mean, I figured
that's one of the main reasons that for me, for example, me, I like Jupiter so much, right?
Especially being in Texas. I mean, I don't have to go and have my VPN on.
I don't have any of that.
There's no KYC loops to jump through.
It's not a lot of options, right?
I mean, you're stuck with your three pairs
and that's a Jupyter problem.
But the reason I go to Jupyter
is because of all the other,
you know, like let's just say perks.
The fact that I can open the page
without having to go through a VPN. The fact that I can open the page without having to go
through a VPN, the fact that I can trade, take my money out instantly without. So yeah, there is
value in that. And a lot of people like the ease of use. So, I mean, you're a hundred percent valid
on that. And I think that that's one of the reasons too, that even lighters being considered
are people looking at, right? Cause I'm seeing that people are like, oh, another KYC list platform.
Yeah, you can never have too many of those.
That's the thing too.
This isn't one of those like, oh, I already got one.
It's well, no, if this is KYC list
and I can do the exact same thing,
then we're just talking about incentives, perks,
and then where I want to offload at, right?
So go ahead, Evan.
Yeah, so in my daily crypto research i i'm a big tokenomics junkie and there
is no other project that does it like hyper liquid everybody is greedy as fuck everybody
all these teams you know that have you know 10 to even like 50 people on their team and they're
raking in millions of dollars that the few revenue generating
protocols and platforms in the space they just destroy users and extract so much value i mean
how how badly do we want somebody to be doing better than pump fun and distributing rewards
to users and actually being a bit more democratic like we want that so badly but the space isn't going to
let that happen because they have a fucking you know stranglehold on everybody's you know kind of
you know launch you know frame frame of mind but like hyper liquid has that same stranglehold on
the perp stacks space but they are doing it in a way that everybody can get behind. There's a few
shortcomings, like the centralization factors and some of those things. But when it comes down to it,
there is no other protocol or anything in the space that is using that large of a percentage
to buy back and burn tokens. know their evm is burning tokens like
everything about it is like net like deflationary to a very high margin like that's the reason why
like i'm a little less bullish on something like lighter because we haven't seen how they're going
to approach the token aspect but like we we are very it's very clear that hyper liquid is going
to continue to find ways to burn their
token, even with more competition coming.
So, you know.
Well, let me lean into you, Evan.
And obviously, you have a baby there.
So if you have to go, just let me know you can.
So you're in the tokens.
Looking at Hyperliquid right now at $34, is this a buy here?
Or where do you kind of see, like, the token going in the maybe the next month or two?
Is this DCA-ing down and just looking for the all-time high to 45 or like
what are we looking at
i think long term very bullish mid mid short term obviously we're at the mercy
of you know nation states that want to
tussle with each other and all this other bullshit i think
during alt season i think hyperid's going to outperform everything
around its market cap.
I bet. Yeah, I could see that, dude.
I thought... Oh, sorry, go ahead.
I just was going to say, I thought you brought up
a great example of
Jupe and Pump, right? When PumpSwap
came out, it obviously vampired
a lot of transactions from
Jupe. But as pump is going through its
problems where everybody going to probably go back to jupe right because they just don't have
the consistency the long-term value add things like that now maybe pump can you know revitalize
itself with the token drop and do some other things and get that cycle going again um but
yeah i just think hyperliquid has kind of set themselves apart.
And that's why you do see so many copycats
because they see that the model can work.
And I don't know if there'll be another Hyperliquid.
I think that might be a little bit naive,
but there's going to be a lot of people that want to be tier two Hyperliquids.
And for any of them to get to that echelon,
they're going to have to do something very similar to Hyperliquid
with the tokenomics
that evan mentioned and other aspects like that and i i really do think uh moving forward that
like kyc versus non-kyc um you know there will be a value to that for many people dude one day a
month if one day a month pump fun just said we're gonna rat and give away all the bread we make to
everybody that participant that's all you need one day a month that's give away all the bread we make to everybody that participate that's
all you need one day a month that's it like all the fees from today is going to be distributed
to everyone that participates and that one day a month would be their spike and people would
utilize the platform because they never know what one day a month is going to be and that's it like
there's just so small retention methods if you don't want to be greedy or if you're willing to share the pie that, I mean, it makes no sense to just basically bleed yourself out of customers.
They had just launched HIP3, which is a kind of a new thing they're trying to do for Hyperliquid.
It introduced this permissionless perpetual future market system, allowing anyone to launch markets with 1 million hype stake.
A mechanism backed by a 2023 study from the Journal of Financial Economics showing high stake modules reduce market manipulation by 40% compared to lower barriers.
So the Dutch auction and slashing incentive, unique to Hype 3, ensures market credibility costs contrasting with the traditional centralized exchanges with only 50% of listed assets.
assets um so barely if you want to get your own perpetual listed on hyper liquid all you have to
do is basically stake 1 million hype to do so which is a lot of money i think i don't even know
what 1 million hype is it's probably i could put it in a converter but it's like 30 million or
something yeah it's at 34 dollars is 34 times a million you know 34 million so there's a new like
if this passes you know if you wanted to go get your shit coin, whatever it is, you know,
Gorbaj fucking listed on Hyperliquid,
all you have to do is go stake $34 million and now you can long and short,
go long and short it on Hyperliquid,
which could be a new token sync for Hyperliquid to kind of be the next stage
of why people are using Hyperliquid.
So, you know, obviously this has been like the Binance.
I know I've seen a lot of people buy tickers.
You saw Pingu buy their own Hyperliquid ticker.
Those are pretty expensive.
But getting listed on Hyperliquid as a perpetual is, you know, done very good for token prices.
And maybe if there's a big enough treasury for some of these tokens, maybe that's a new
way you can start seeing Hyperliquid used the future uh to kind of do buy back and burn or just you know create
demand for the token in general so that was pushed back into my bookmarks three or four days just
because it was kind of a diluted topic not really you know it's a long thread and you didn't want to
bring it up but since we were on the hyper liquid you know what's going to do it for them maybe that
proposal right there might actually bring some,
bring some use case or bring some pump into that token in general.
So I just wanted to bring that up.
Well, and just to add to that a little bit, like that's a wheel,
a whale feature, right?
Like the whale can come and bring a perp that they choose.
Same thing with that. They're doing, you know, long and short on futures.
They don't just automatically get liquidated.
Obviously I don't think any of us are in in this position maybe we are but whatever um but like you get to just pay the difference
and walk away right like if it hits your liquidation point it doesn't just automatically
take all your money so they've really created a culture where a it's non-kyc and b we will work
with you to keep your whale status in our system rather than having you go to Binance or Coinbase or wherever.
What do you mean they don't take all your money?
I'm confused on that end.
So if I hit a long, let's just say my stop loss, like a long on soul, my stop loss is 130 and it hits 130.
You get like a penalty, basically.
And you don't just automatically get liquidated.
You know what I mean?
There's more of a service aspect to it.
I don't know the exact methods of it because I'm obviously not in that position.
I've just heard about it through the grapevine.
So maybe I'm completely mistaken.
But I have heard that multiple times from multiple different people.
Yeah, that's interesting. Because, I mean, that does kind of change different people. Yeah, that's interesting.
Because, I mean, like, that does kind of change up the dynamics of it all, too.
And I think that that's also, too, it's like we saw, I mean, an example of that.
And it was hard for me to understand with, like, Paddle, right?
This was the NFT, like, loaning and liquidation platform.
But the way that they explain it is because of the way that you're taking a loan out or you're borrowing money at the collateral rate that they give the loan to value is so
like let's just say marginally large for them that they don't have to liquidate you instantly
right they it gives them basically time to work with you in order for you to pay down your loan
right or you know pay up your liquidation rate rather than just clip you
and just say it's over and done with.
Because I think that they're only giving out loans
or their loans are like 50% LTV.
So they have a lot of playroom.
And so I think it's some stuff like that.
Yeah, just kind of like the old adage,
do you want to sell a guy something once
or do you want to sell something small to them
for the rest of their life?
Like that value add that that customer makes over a lifetime versus one sale
i think that's kind of the the adage they're using so j25 since you're up here bro all kinds
or brc 2.0 bro what do you got um i'm excited for the competition and i look forward to seeing
english what's a
capetitia bro is this a fucking french drink like what the fuck are you talking about he said a
competition oh i thought you said capetitia i'm like is this like a new fucking term i gotta
learn in bitcoin like fucking every day you guys got a new fucking term for shit go ahead
yeah the the capetition is a new part of the ordnance Protocol. No, I'm just kidding.
Yeah, I just, I'm definitely, you can see BRC20s are in my handle or in my bio or whatever.
So been around since then, you know, a little nostalgic on them.
So if I had to pick one, finance listings, things like that, I think they may have a small edge.
But I would really like to see both of them run and do a lot of interesting things and experiment and move DeFi and Bitcoin forward.
So it's just like pretty much we're, you know, it's Binance with BRC20s or Arthur Hayes with Alpines.
It's pretty much the KOLs we're betting on right here. Who's going to give us more exposure and pump our bags?
Yeah, I mean, at the end of the the day i think it really comes down to you
know if you want liquidity you have to give stupid aprs and drop ponzi tokens and do it right like
everybody else has over and over again bitcoin needs a uni swap moment 99 of trading if you've
ever cashed out bitcoin happens on centralized exchanges there's very limited ways to get your
bitcoin into anything else.
Obviously, there's SimpleSwap and other things like that,
Magic Eden, Phantom, you can move your stuff around.
But truly on-chain Bitcoin DeFi,
it's very, very limited.
So if we want to get that activity away
from centralized exchanges,
kind of like we're talking with Hyperliquid,
I like Hyperliquid because it's keeping fees on-chain. Yeah, they're going to take their cut this and that. But that was
the big move forward of Uniswap. You weren't trading on a centralized exchange where they
were keeping all the money. Liquidity. The issue with that though, Jay, is that you can't buy
Bitcoin, right? I mean, you can sell Bitcoin and you can find millions of different off ramps for the for bitcoin like that's not necessarily an issue right from gift cards to just a plethora of now of these bank cards and
all this shit too right the the main problem is there's no way to on-chain acquire more bitcoin
without being already inside the crypto space or the sphere right and i think that that's the biggest
issue is the acquisition of coins without a kyc method and that's why ordinals was such an
attraction point for so many people is because you have now the ability to on-chain multiply your
stack without having to verify it uh like you know through a kyc or through a centralized exchange or any kind of
onboarding system so it's like yeah the offloading i think that we'll always find creative ways in
someone that's willing to accept bitcoin right but the being able to acquire bitcoin on chain
without shit having bitcoin or someone to buy it from is a problem that we've yet to solve. Right. And I kind of think that liquidium is helping towards that doing the reverse loan.
Right.
I mean, you can now deposit Bitcoin and take out a loan in USDC, USDT and kind of go cross
chain and make the money usable without having to sell it.
But at the end of the day, once again, you still are having the moat of how do i acquire bitcoin
from who and how on chain yeah and there's usually usually crazy platform risk when you
do some of that too that's a big problem i think that i mean we've been trying to fucking solve
this thing on bitcoin of unlocking this fucking Bitcoin whales or adding APY.
I think that's simple.
I mean, I don't think it's simple.
I think that's a harder thing.
I think what's probably going to drive prices is actually attracting degenerates onto your meta protocol.
And I think Alkines has a head start.
They already have NFT over $300.
Mist is up 27% on the day.
They're already building like an own fork on that shit.
So I think that's a great fucking long-term perspective. But in the short term, it's about fucking attracting degenerates
onto your fucking blockchain. And I think that Alkines right now has the head start over BRC20s,
but it's just early still. So I think like what is going to be some fun shit that you can build
on a fucking smart contract? A Bitcoin is definitely going to be hard. It's probably
going to be seen and done already.
So it's like, how are you going to get the degenerates
that were here in BRC20s or in ordinals
onto your meta protocol
and have them spend their Bitcoin doing fun shit?
I think that's kind of the unlock you're going to see
and probably the one that's going to do the best.
Go ahead, J.D.
Yeah, another angle on that, I think too,
is how do you get degenerates from other chains?
I think that's one big failure
that all of the meta protocols, L2s, et cetera, they've reached inward towards the Bitcoin or
smaller niche, Ordinal's ecosystem, whereas they haven't gone to Ethereum, Solana, and the various
other chains and said, look, bring your Ethereum here, pair it with Bitcoin or our stable coin or
this or that, and you're going to get a thousand percent APR.
That's how you attract people to do the farming early on.
And then if your product really works, then you move forward and do that.
Like Kuiper Liquid is a great example with all the things we gave caveats about and everything like that.
Well, and also, too, I mean, I saw I think like Barra just did something similar or someone from the Kodiak team did something similar to where now you have a synthetic soul on Barra.
So now people can play soul's price action, but TVL still goes towards Barra.
And, you know, you start attracting that ability of hedging while still participating in different ecosystems that you can't necessarily do with Bitcoin.
Right. I can't get ETH price exposure while, you know, in other things. And then the reality is, it's like, well,
why would you want that? Cool. Granted, I get it. Why would you want other coins? But then again,
I want stables. I want something that I can stay on Bitcoin and somewhat have exposure or have
something that's at least backed one to one for a certain extent, right? So it's like, yeah, you don't necessarily need that to be on Bitcoin.
There's other chains for it.
But, you know, people that are Bitcoiners are Bitcoiners.
Some only do and transact on L1 and only on Bitcoin, and they don't see it as viable to
go anywhere else.
And it's not even because of, oh, every other chain is shit.
Ultimately, when you start getting to the different price numbers that probably to us aren't in our range, right? It's more of a security aspect. It's, well, how am I going to secure millions and millions of dollars when different story because I believe in Bitcoin. And then ultimately we'll figure out smart contract risk on top of it.
Right.
But you're building on layer two rather than trying to start on layer one with no trust.
I just still think the synthetics, all that shit you just talked about is way too complicated for a degenerate, bro.
Like, I just still think that's way over people's heads.
And I think the biggest thing that's holding back Bitcoin is just 10-minute block times.
It's something that's never going to be solved.
Like, you can only build so much stuff on Bitcoin
that actually attracted degenerate.
Like, the ordinals, obviously, 10-minute block time doesn't matter.
It's actually probably a feature because you can't undercut nearly as quickly.
But, like, the alchemist fucking, you know, those tokens and stuff,
like, creating an own protocol
I think it's probably the most degenerate you could go without having to rely on transaction times and I don't think you could build a social
Phi app on what's experiences? That's the thing that's lacking is when you start catering experiences to also making money
Right, then you create like a brain loop when you have making money, but no experience then you can make money anywhere
You can make money everywhere, right?
You're no longer stuck to just Bitcoin and the lack of or you know, the feature bug whatever however you see it
It's harder to do experiences that are fully on chain on Bitcoin, right?
I mean is damn near impossible because if you are writing to a database first
and then you're you know rolling up to bitcoin yeah technically you can do that but then you
gotta figure out a way how to prove every database entry like it just becomes so intricate that you're
like dude there's so many other simpler ways that i could literally do this right now and be done
with why the fuck are we doing this here on bitcoin and we just
decided underneath the sun right nothing's new underneath the sun so like everything that has
been done that's been successful has been done on other chains so why would you submit yourself
to something a learning curve plus 10 minute block times when you can do an ohm fork on hyperliquid
if that's well security that's when you go to the underlying aspect about that security and basically
the liquidity that's possible on bitcoin the The only thing is, that's not
liquidity that's technically
willing to ape shit. That's just liquidity
on Bitcoin. And I think that's another lie that we
keep telling people. It's like, look at the size of Bitcoin.
Yeah. Half of those motherfuckers
aren't doing nothing with it. The other
half got their money with Saylor
and they're only listening to him.
The other half is Max Keiser.
They're only listening to him. So it's max kaiser they're only listening to him so it's like dude it's just so divided of the actual amount of people willing
to use and play with it that in reality it's not as big as the liquidity pool we like to make it
seem yeah that money's there and available but in reality is it really there and available
it's like locked up in like a VC coin. Those are like,
that is a,
that's like when we talk about VC coins where the VCs own like 45% of the
supply,
that's kind of what Bitcoin is.
Like we have ETFs,
which,
you know,
a large supply.
Then we have Michael Saylor,
Max Kaiser that owned another 60%.
So like the available Bitcoin and degenerates wallets,
it's probably like 2%.
Like majority of people aren't in Bitcoin.
They're in other coins.
So it's like, yes, they can bridge over their soul or their avax onto bitcoin but
a lot of these people have been burned over and over and over again of being late and uh not
getting punished because these things on bitcoin are like bricks bro and so they buy the top and
then they get burned with brc20s or they get burned in ordinals or they get burned in ruins so the experience in the past two years for these be first that's the answer
here always fucking first if you're playing on the bitcoin side of things if you're not first bro
then you might as well just hang it up because you're someone's eggs of liquidity probably
literally whether it's a new meta protocol or whatever it is. I mean, the answer has been over the last two years,
as people participated fucking every day, is be first, be early.
And even then, some of those fucking just fail, right?
Eventually just fail out too.
So not all of them work, but that's worked out as a better strategy more often than not.
I've been interrupting Jay25.
I think he's had one of the something to say, and I just keep talking over him. Go ahead,
J25. No, you're good. I got it.
Thank you, though. Appreciate it.
Good, bro? My bad, dude.
Let's say what's up to Cass real quick.
He saw a Hyperliquid post up there,
and he came in late, and he just wants to pump his bags real quick.
Go ahead, Cass. I was. I was saying that
Hype-Os seem undervalued, but it's
only because Cass airdropped me one.
Let's go.
No, bro, I don't have that many to be airdropping.
I need to be airdropping some to myself if I can do that.
But no, I like this convo.
Like you're saying, Chief, the BTC crowd is fragmented,
but there's still a lot of people who probably bought in the lows and have been here for a while and I think
Hyperliquid does have some cool opportunities for people I don't even
have any in this protocol so unit protocol like if you just wanted to
bridge and like get exposure to Hyperliquid EVM. I think that's one of the easiest like answers
because it's the biggest one right now
with what's basically been backing
the whole move of bringing liquidity
from BTC to hyperliquid.
And it's going to stay that way.
There's no like crazy like Ohm fork level AP at wise.
Like it's like 60% on hyper swap,
which is like one of the main DEXs.
So like, it's not like you're not gonna see some benefits
of using that stuff in D5 if you wanted to.
But you're not gonna see some like Ponzi scheme of like,
you gotta submit your Bitcoin
and then make it out of this pool
in the next 24 hours
or something um but there's a lot of yeah there's just a lot of places that like they're trying to
build these defy protocols obviously and get liquidity moving in interesting ways and btc
is just the the best asset to have obviously obviously. Yeah. I'm actually trying to find ways to accumulate stuff off-chain
so I can even bridge through this unit protocol
because they take ETH and Sol and Farbcoin,
and their goal is to just have a lot of different native assets
being brought on-chain.
And is it just adding to the liquidity pool or whatever is on the hyper liquid side of things
no so it's more like a bridge actually so it's like they basically take it your native soul
fart coin btc and they put it into a wrapper essentially and it's just you soul you btc uh you hype i'm gonna pin the one other tweets up and the thing after that is
like once you have it on chain you can kind of do whatever kind of uh defy stuff you get interested
in and you know that's where it's like you could start farming more things. So it's like for a lot of people, if you have BTC or ETH or Sol,
I think that's like a good way to get introduced and then test a few things out
and you'll probably be eligible for a few things.
And the people that have been doing it for a while, like, Jesus, they're going to cook.
And I have zero exposure so it's kind
of like me just in the here fomo fomo ranting about hyper unit but yeah are you buying hype
right here cas i asked jf25 earlier has 34 a buy for hype where do you think it gets to lower wise
dude i mean i'll take in the 20s i don't care like it could go send it lower like that's at
the end of the day like we're gonna have flush outs and all this stuff so it'll be just part of
whatever yeah whatever the next leg down to move up is at the end of the day we we see how things
go i feel like a lot of stuff is still tied to BTC and how the whole like crypto space moves.
And so like not a lot of things were surviving this last leg down.
Yeah, I mean, yeah.
I just think like obviously Hyperliquid is a leveraged trading platform.
And I think, you know, obviously people have been burned with NFTs and meme coins.
And so the last final boss is everybody goes on to hyperliquid.
And now there's more leverage in the system right now than ever.
But it's a chain, though.
That's the thing about it.
That's like I get the aspect.
But majority of the people that use hyperliquid are leverage trading.
And so there's more leverage than ever with the degenerates in crypto right now based off headline news, longing and shorting.
So obviously, there's going to be flush outs and sexes know this. And so they're going to use
their big pockets to flush retail out and not let them have their longs from $102K up to $106K.
So I just think right now, degenerates are more than ever leverage trading. So that's kind of why
you see this volatility in the market more than ever, is in my opinion dude so we didn't have this many people leverage
trading last cycle dude you know we didn't have this many people even understanding what uniswap
is so we went from people figuring out what what it with what fungible tokens are and then now we
have people figuring out what fungible tokens are now figuring out which leverage trading is
which we didn't have and now all the degenerates are now leverage trading and
you know these people are novices they don't have a plan let me break this down for you guys this is
like moving from smoking you know a little black in your parents house to then you know going around
and getting a little weed at school so now you're sitting there in the corner just
doing unheard of things for some crack right like you don't see it like that i'm gonna tell you as
the guy looking on the outside in watching you go down the risk curve like you look like it
physically too as someone who's been there who's recovered addict of being on the leverage trading
i mean when you deep like you're not sleeping you wake up every couple hours
you know you're worried you don't even it's not even a lot of money but you're just but you've
been fighting this one position for four days so just know that right like it i think it's the the
dopamine has started to accelerate and we're starting to see that more and more right from
shitters i think that that completely fried everyone's brain and yo where is the instant
2x if it's not a 2x in 10 minutes it's a cooked play and we need to move to the next one and
rotate and my liquid is more valuable here so i mean you even see that with farming farming started
to slow the fuck down right ultimately we had two or three airdrops that sucked i think wormhole was
the last decent one and then all the other l2s and
everything else that dropped kind of blue right but you have farming specific protocols rather
than on the foundational level uh still being heavily profitable so i don't know i think it's
just the dopamine is starting to accelerate and that's why you see so much on the leverage trading
side of things and the incentives right the hype story is crazy oh i
traded one time on hype and i got an airdrop of xyz and so now everybody's trying to get a slice
of the pie or recreate chasing the dragon basically and thinking they're gonna find the next hype again
100 good chief you pinned some stuff and i was just gonna add i have used that unit protocol to bring
over to hyper liquid core and you can also go over to the evm um there's certain platforms where you
can get like 20 on your l hype or i've even seen 20 on stablecoin so there's definitely not a ton
of huge aprs but there's some gems out there in the evmo i just pinned up something when we were
on the bitcoin topic of things uh i just i mean if you
guys have ordinals in your wallet i got some of these uh just been collecting bourbon's work for
a long time and you have the ability to claim uh the new and the next generation of assets that
he's dropping he's doing like a noah's art kind of. Which is cool and makes sense. He's done the cats, the monkeys, and all the other different assets.
So, posted that up to the top if anybody's interested or holds any of the Clay Collective assets.
There's instructions on how you can claim your free one.
I mean, I appreciate you guys coming out to Daily Alpha.
I see some boys in the chat, bro.
Appreciate you guys stopping by our Saturday space.
Typically on OC.
So I found two projects.
Typically I'll hold back.
Since we got a nice, tight-knit community here,
I'll bring you some stuff that I found, which are on some other chains.
You know, obviously you want to be early to socialify, the first one.
But this one's on AVAX.
It's called Fizz Social.
It's by the AIVA team.
They have 14,000 followers.
It looks like they're in collaboration with AIVAX and Juicy.
They basically pinned yesterday that signups will be soon.
I know we have arena.trade already as kind of like a socialify app, but we haven't had any more kind of built other than that.
This one is getting, you know, a lot of smart followers, a lot of KOLs following recently.
So if you guys want to get into that one, that is something that, you know, you want to be early to this stuff.
You want to get into other chains no one's looking at.
And I think this one, possibly with the people following it, would kind of be the next one up that people are forgetting about.
And the last one I found this morning is called Tap Out.
It's the first real-time tap game on Mega ETH Labs.
Do you have what it takes to endlessly tap out last the clock
in Tap Out for your chance at ETH?
Obviously, this is on Testnet.
It's community rant.
It only has 84 followers.
You do need some Testnet Mega ETH, obviously. And basically, it's community-ran. It only has 84 followers. You do need some Testnet, MegaEath, obviously.
And basically, it's like the not coin game.
You'd be the last person to tap with a group of six to seven individuals on the app at the same time.
And you win ETH for being the last one to tap.
So it's been out since, I think, the 2nd of June, maybe even earlier.
When was their first post?
It's been out for a while.
But it's the first tap-to Tap to Earn game on MegaEath.
Built by the community, app is already live and on testnet and clean as fuck.
Everyone has been talking about Tap to Earn narratives a year ago.
I think MegaEath, with an instant transaction, can reignite interest in this fun kind of little app.
So just another kind of two projects I found last night.
Fizz Social, which is going to be on AVAX.
It has a pretty positive team.
And then a new tap to earn game on MegaEth that no one's using.
It kind of looks fun.
That could possibly get you some transactions and could be a fun game to win more test net.
I'm going to post this up top.
It started catching a little steam yesterday.
It's on Hyperliquid.
It's an art platform.
I don't know if anyone maybe knows a little bit more about it or anything like that.
But I definitely started getting mad engagement over the last two days or so.
It's called Loom Gallery.
I'll post it up top.
They've had kind of just flash raffles for people to get involved and, you know, just sign up for whitelists.
So if you'd like to participate participate no real information on it yet no
information on the team what the project is but seems to be getting decent engagement uh i don't
think that there is any kind of like art gallery art blog generative art kind of thing yet on
hyperliquid so potentially do well right and um yeah, metrics are looking good, so just put on
notifications on, start following it, and
see if it could lead to something, but, yeah,
trying to get a little bit more information myself.
That's about it, bro.
Did you vanish, X?
Well, damn.
Can y'all hear me? Or is he not talking?
Yeah, I hear you.
Okay, bet.
Because this shit's unmuted, but he's not talking.
Anyway, appreciate y'all for coming out to the TDA.
Appreciate everybody that came up on stage, that contributed.
Helped the time go by.
Added some alpha to the conversation.
Right?
Whole point of this is for us to be able to grow from you guys and with you guys.
X and I are not the smartest people.
And I hate thinking that are not the smartest people,
and I hate thinking that I'm the smartest person in the room, right? I want to be the dumbest one because that means there's something that I can grow from or to. So Tuesday through Saturday,
11 to 12, 1230, just depends on the conversation at hand, people on stage.
After the show's over, there will be a thread that goes out, covers everything that we talked about.
Use it as a resource when you're doing your own research.
Other than that, guys, TDA or Stay Poor?
Catch you guys in the Foundry.
Y'all be safe.
Have a good weekend.
And see you on Tuesday.
