How To Fix Crypto's Token Problem | Weekly Roundup

Bullish:

• $HYPERLIQUID - Hyperliquid exemplifies successful 'dictatorship' style leadership in crypto that enables rapid execution and value creation, with the token being used effectively to subsidize fees and create wealth for the community.

  • “The best businesses, in my experience, are dictatorships because they can move quickly and the person at the top with the strategic mindset, they get the right people around them and they make decisions and they break things and they move fast. That's what Hyperliquid did.”

    Rob·0:00

  • “Hyperliquid, for example, uses the token to subsidize the fees. And it has been a huge wealth creation for the active community.”

    Santi·20:38

  • “even Hyperliquid, right, which is making as much money as it is, without the success of that airdrop, would it have gained as much mindshare and as many users as it has?”

    Rob·23:06
• $HOOD - Robinhood is executing better on product development and customer acquisition than competitors, with founder-led innovation driving interesting new offerings.

  • “if you would rather own Robinhood or Coinbase, I'd take Robinhood.”

    Santi·59:20

  • “I'd still probably take Robinhood just because it behaves better. And it just has a more interesting customer acquisition funnel and product offering.”

    Santi·59:31

  • “they again, product like founder led and they just move to your point around product development. It's just really interesting what they're doing around just capturing more of like their titanium card, IPO fund to get access to private companies. They just really understand their customer very well.”

    Santi·59:46
• $KRAKEN - Kraken has superior product velocity and market intuition compared to Coinbase since Arjun joined, with strategic partnerships and Federal Reserve Master Account access positioning them well.

  • “it's very clear that since Arjun came on to Kraken, their product velocity and their, I think, just I think intuition about where the market is going and what customers want has been better than Coinbase's.”

    Rob·57:07

  • “if you'd rather own Coinbase or Kraken, I'd take Kraken.”

    Santi·59:24

  • “Robin Hood and cracking, I think are doing more interesting things.”

    Santi·1:00:51

Bearish:

• $COIN - Coinbase is losing competitive position to Kraken and Robinhood, being left out of major partnerships, and needs to make a big strategic swing to remain relevant.

  • “between that and what happened with OKX and NYSE, Coinbase is kind of left out of these, you know, big partnerships because they've always said that, listen, we're going go compete with those guys directly.”

    Rob·58:15

  • “That honestly has to scare Coinbase shitless, to be honest”

    Rob·58:11

  • “I really think that Coinbase needs to they did a bunch of, you know, call it small or midsize acquisitions last year. It's really hard to integrate all of those. It's really hard to do that transition. And I'm not quite sure that any of them have done particularly well to this point based on the data that I'm looking at.”

    Rob·58:53

  • “I, for better or for worse, don't think that Coinbase has really leveled up their product experience.”

    Santi·1:00:07