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What's up, guys? Just wanted to give a quick shout out to today's sponsor, Aptos. We'll hear more about how Bitcoin, DeFi, and Aptos is heating up later today. But for now, let's get into the episode. 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. Bocaccio, Ryan, and our guests may hold positions in the company's funds or projects discussed.
Hey. What's everybody up, everybody? Good morning. Welcome back to OX Research. Today, joined by my cohost, Pocaccio, and we've also got Mark Arjun from the research team and a frequent member of the Telegram chat, frequent podcast listener, and top holder of XPL apparently, James Kristoff. How are we doing today, guys?
Wonderful. After the hyperliquid, perps market was listed for XPL. It's great. A wonderful day.
Yeah. I'm doing well as well. I am also happy about the hyperliquid perks listing of XBL. Maybe not as happy as James', but in my own way, I think partially because of XBL, partially because it shows that hyperliquid is continuing to list as quickly as they're able to, which makes me happy. Yeah. Good day.
Yeah. I think I'm maybe as happy as the both of them, but indifferent about the hyperliquid listing.
Very good.
How how big is that market, Bach? I actually didn't look at the
When I checked, there was I checked, like, forty five minutes after I'll check again now. I checked forty five minutes after they listed. It was 16 mil volume, 13 mil OI, which is not like anything to be like, wow, this is incredible. This is fantastic, but it is quite impressive, I would say, in the first forty five minutes. I will say I expect most of that to be early speculators. And then the next phase, I imagine it'll mostly be people hedging out their allocation. It's always like I was talking to James about this because we both got into the deposit program. And I was thinking, like, can
We can, I wanna talk about that more? I know James as well. I I think there's a lot to talk about on on, like, the stablecoin narrative in general, whether it's, like, stablecoin chains or just stablecoin fragmentation. There's a lot of, I think, talk on some of these things. Before we get into any of that, though, just quick shout out for our sponsor. Today's stream is Aptos. Thank you to you guys as well as DAS Len London is coming up. Blockworks digital asset summit, it's coming up in London, October 13 through the fifteenth, crypto's premier institutional event, probably the premier Blockw
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