State of The Market, Monad's ICO & The Stablecoin Gold Rush | Weekly Roundup

Bullish:

• $POLYMARKET - Polymarket is experiencing rapid growth with deposits growing at multiples month over month, demonstrating strong product-market fit

  • “Poly market deposits are growing at multiples month over month right now.”

    Rob·6:48
• $BASE - Corporates that are crypto-native will try to pull all activity under their own chains, with Base positioned as key infrastructure

  • “I think all of these corporates who are really, you know, call it, you know, crypto native or like further along are going to try to pull all of the activity under the chains that they own.”

    Rob·0:00
• $UNI - Uniswap's fee switch activation and strategic consolidation of labs and foundation to focus on protocol growth is a positive development

  • “this is great. Right? Like, this is something we've been, I think, expecting to see for a little bit...they're going to collapse labs in the foundation. Everything that is going to happen from here on, on going forward is going to be focused on monitor on protocol growth.”

    Rob·29:03
• $MONAD - Monad is one of the most ambitious products reinventing execution and settlement, building infrastructure necessary for large-scale future capital markets migration

  • “Monad is a one of the most ambitious products and reinventing the way we think about execution and settlement and bringing forth consensus. And like, you know, they're trying to do something that is fit for a really large future.”

    Rob·4:48
• $COIN - Coinbase is likely working with banks to create an interbank network using Base as infrastructure for traditional finance

  • “Coinbase is probably working base is probably working with other banks to do something similar with an idea that like, maybe you can create some sort of like, you know, interbank network.”

    Rob·24:29

Bearish:

• $ALTCOINS - Altcoins continue to underperform with persistent weakness and lack of product-market fit

  • “all of these altcoins aren't doing well and they continue not to do well. And we continue to see softness.”

    Rob·2:18
• $DATS - Digital asset trusts are trading below NAV with MicroStrategy below 1M NAV, looking particularly weak

  • “I think micro strategy is below one M nav, the current time...It's looking, it's looking really ugly.”

    Rob·57:59