Solana REV, Pumpfun’s Decision, and Base’s Lead Among L2s | Analyst Round Table
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The question was, like, blockchains and being in, like, just these inherently global systems is what rules do you apply to the blockchain? Right now, it's no rules. Anything goes on chain. Even things like Tornado Cash that have been sanctioned by US governments still exist, and it's maybe a little bit harder to a little more friction to interact with them, but it's physically possible. It's like, how do you think about that legality problem in the context of an inherently global system where the there's, like, jurisdictions that have different rules in the real world. Nothing
set on 0 x research is the recommendation to buy or sell securities or tokens. Its 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 all that research. I'm Daniel Boccaccio joined by Danny and Dan Smith, from BlockWorks Research and BlockWorks Data, respectively, to talk about all that is happening across crypto. What's up, guys? How are you doing? Pleasure
to be here, Good.
Polish as always. Very
good. Very good. Dan, I guess just to start us off, how did you get into crypto? Yeah. Are you bullish? Do you think we've topped? In private messages, Dan Smith has said that he believes that crypto is tough, but that Solana will keep going up because I quote, the rev won't stop, baby. Is this still your position? Are you Okay.
We need to fact check on all of that. Where are we? Yeah. I think I was doing some good old, nothing hits like some old Bitcoin TA. I'm just, like, doing the fractals, baby. Then looking at, like, the time between the first all time high break of the cycle and then when you actually hit the all time high, for the next cycle, and ultimately when you return to that previous all time high. And we're kind of, like, right in the middle of that range where it's like, yeah, this is about the the time in the fractal where you expect to start running, and you got about 3 to 4 to 5 more months before, y
I think that's the fair point. I'm glad that you said it's cost subset 1¢ to cents USDC and not to transact on Solana because you know my opinion on the actual, fee to do stuff on Solana is not sub 1¢. It's, like, 13, $14.
I'm going 13, $14, but I I do agree that it's not. And it makes sense. Right? There's if you and somebody else might do the exact same thing, there's 2 ways that I know of to, have, like, a dispute resolution there. One is what we see on most blockchains today, priority ordering based on the amount you're willing to pay. And the other is 1st come, 1st serve. So the only chain I know that does this today is Arbitrum. Having a single sequencer, I think, makes this a little bit easier, but it's whoever hits me first, I'll just put your transaction first. So there's, like, different that into it's
About the cycle thing, I wanna get back to this. I wanna talk about the cycle a little bit. I've just spent my first day thinking about the cycle today because I had another podcast in the morning where we brought up the cycle, and most people seem to agree with you, Daniel Smith. I guess, like, the data agrees with you because you like that the data and everybody looks at the same data. The chart is the same. Everybody thinks March, 5 months, 6 months from now, we've topped. And regarding the BTC, the world's 2nd greatest power after Canada bidding Bitcoin, as a reserve. I, I think, like, str
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