Pbj (Perpl) on the Perp DEX Market & Monad's Imminent Launch (EP.677)

Bullish:

• $MONAD - Monad enables building fully on-chain central limit order books on EVM for the first time, providing unique technical capabilities for DeFi infrastructure that were previously impossible

  • “It's just not been possible to build a fully on chain central limit order book on an EVM before”

    PBJ·22:16
• $EVM - EVM has become the dominant standard for blockchain development, comparable to JavaScript's ubiquity in web development, positioning EVM-compatible chains to capture more value

  • “No matter how you slice it, the EVM has become the JavaScript of blockchain technology”

    PBJ·10:58
• $PERPDEX - The world is shifting towards 24/7 on-chain perpetual trading where users can simply connect wallets with stablecoins, moving away from KYC-gated centralized exchanges

  • “I think the world is more moving towards on chain... twenty four seven trading, where people just wallet in a stable coin versus I need to submit my passport ID”

    PBJ·9:35
• $STABLES - Stablecoins are one of only two crypto products with definitive product-market fit, representing critical infrastructure with fundamental value and continued growth potential

  • “the two things from crypto that feel like how a definitive product market fit is perps and stablecoins”

    PBJ·9:56

Bearish:

• $BINANCE - KYC-gated centralized exchanges are becoming obsolete relics of the past as the world shifts towards 24/7 on-chain trading, indicating structural decline in centralized exchange market share

  • “I think the world is heading more towards on chain, twenty four seven trading... That's just, I think, a relic of the past”

    PBJ·9:44