Solana's Fastest Growing DeFi App | MacBrennan Peet
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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. What's up, guys? Welcome back to ZRX Research. I am waiting for Ryan Co
No. Not really. Like, I'm not
Not a big markets guy?
Giving giving directional advice is, the hardest job in the world. Yeah, I stay away from it.
That makes sense. I guess, do you wanna talk a bit about, I don't know, how Solana's been going? Are you happy Yeah. That you guys have been focused there still?
Yeah. I mean, I remain more bullish on I I think actually so what is Solana's FTD now? It's something like 80,000,000,000 or something, I guess. Right?
Yeah. Probably yeah. 80,000,000,000.
Alright. So and it made, like, 2,500,000,000.0 last year or something like that. So, like, the multiple is just compressing right now. Yeah. So it's like everyone says you can't do value investing in crypto, but I beg to differ. And then, like, obviously, like, that that sort of is not accounting for application revenue as well. Like, I would expect, like, Solana to just as more capacity opens up for margins to get lower and lower for validators. But, yeah, that 2,000,000,000 number, again, it doesn't even account for, like, apps like PumpFun or these massive apps that are just completely dest
Yeah. Ryan, you'll enjoy this.
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