Can Drift Rival Binance? | Analyst Round Table
Episode publishedPodcast: 0xResearch0xResearch
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One of the first and most easiest things to understand is, like, liquidity begets liquidity, and a trading venue that gets more liquidity should have lock in because it's, like, non forkable state. And, like, if liquidity is there, like, more liquidity is gonna come. And the perps deck space, like, the exact opposite has happened. There's been increasing fragmentation over time. The the capital in that space is very happy to chase the next airdrop, I think, and chase chase the, like, the newest thing. Nothing
said on Xerox Research is the recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Ryan, and our guests may hold positions in the company's funds or projects discussed. What's up, guys? Welcome back to another episode of 0x Research. Today's a very, very special day. Michael E Pulido, cofounder of Blockworks and host of bell curve. The 2nd best podcast on our network is joining us. Thanks for joining us, Michael.
No. Baka, you gotta set the expectations much lower. You gotta be like, oh, we brought up the b tier for this one. Yeah. I couldn't get anyone else to join the show. That's set the bar low, man, so I can hop over it.
Michael. I'm also joined by regulars and not as special people, Danny and Ryan, who will attempt to keep up with Meepo, who, like I mentioned, is very good, and we should make sure to put some pressure on him. So Lower
the bar. Very
true. I'm
just excited to be here. I'm gonna try to keep up with y'all. Fantastic.
So I wrote up some topics. Today's episode is gonna be kinda special. I wanna hear Mehbo's opinions on a lot of stuff, as well as I wanna kind of stoke the fire with Ryan and Drift. So I think we're gonna start off with Drift, and Ryan recently wrote, report on it. And, obviously, Kyle Romani wrote a 50 page report on it. Ryan, do you wanna run through why you think Drift is a winner over another order book or another perpetual deck? Yeah.
So just, so for some context, we wrote we saw the price of Drift fall to, like, 30 or so cents, thought it made sense from a valuation perspective, and began digging and, potentially writing a report or recommendation for the Drift token. We released our report on September 5th. The Multi Coin team, released a report some days later, though they had been early stage investors in Drift as well, basically saying like, both reports saying more or less directionally the same thing, that, you know, the opportunity for Drift is is quite large, relative to its pricing in the market today. I think the
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