Indexed Podcast

Indexed Podcast

Hi! 👋 We are 3 data nerds here to chat trendy metrics, chart crimes in web3. We hope to bring you deep dive of the topics with data-driven insights, and bring more transparency to the crypto industry! Let us know your opinions under each episode, and the topics you'd like to hear from us! Follow us on X: Indexed: https://twitter.com/indexed_pod Hildobby: https://twitter.com/hildobby Boxer: https://twitter.com/0xBoxer Danning: https://twitter.com/sui414 And our website: indexedpod.com

  1. 1H AGO

    Inside Solana’s PropAMM War

    In today's episode, we dive deep into Solana’s PropAMM landscape and the battle shaping onchain market structure. We discuss: What PropAMMs are and why they’ve taken over Solana spot liquidityHow gas economics shift costs from makers to takersLatency games, flashing, and spoofing tacticsExecution quality vs oracle pricingWhy onchain price discovery is still laggingBinance vs PropAMMs vs true decentralizationThe role of Solana’s scheduler, priority fees, and compute unitsWhy PropAMMs dominate spot but struggle in perpsThe case for continuous order booksDoubleZero and private fiber networksBuilding Blink: a neutral, price-discovery-first venueThe future of fair and verifiable crypto exchangesAnd much more—enjoy!—Timestamps:(00:00) Introduction(01:07) What is Blink?(04:07) Crypto market structure problems(10:46) Binance vs decentralization spectrum(22:10) PropAMM gas advantages(32:37) Latency and order flow(39:26) Spoofing and flashing tactics(1:03:27) Solana PropAMM efficiency(1:04:25) Blink tech stack(1:06:13) Spot vs perps limits(1:07:26) Continuous order books(1:10:33) Outro—Content links:https://dune.com/the_defi_report/prop-amms https://x.com/moonshiesty/status/2019803058750824710?s=20 https://x.com/moonshiesty/status/2041266918015803661?s=46&t=CgOOIjEz_uRbAZFFRLsgAg https://x.com/jump_/status/2044494127367135386?s=20 https://0x.org/post/propamm-shenanigans https://www.helius.dev/blog/solanas-proprietary-amm-revolution —NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live:https://indexedpod.com—Follow the guest:https://x.com/moonshiesty Follow the co-hosts:https://x.com/hildobbyhttps://x.com/0xBoxerhttps://x.com/sui414 Follow the Indexed Podcast:https://x.com/indexed_pod—The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.Subscribe/follow the show and leave a comment to help us grow the show!—DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    1h 13m
  2. MAY 7

    The State of Tokenization in 2026

    In today’s episode, we’re diving into the state of tokenization, unpacking what “real usage” actually looks like beyond headlines. Plus, the TradFi onchain vibe shift happening at conferences. We discuss:- The suits takeover and the Agora side-event- TradFi players moving onchain (Bloomberg, S&P, and more)- “Crypto is fintech now” and the industry narrative split- State of Tokenization dashboard- Transferability vs composability: what actually makes assets useful- Permissioned wrappers, regulatory constraints, and 24/7 markets- How DeFi can learn from curated collateral standards (Morpho)- Why real estate is uniquely hard to tokenize- Better tokenization metrics: wallets, velocity, volume, DeFi deployment- Perp rails and Hyperliquid catching TradFi attention- What’s next: how much TradFi volume moves onchain And more—enjoy —Timestamps:(00:00) Intro(03:21) TradFi moves onchain(04:35) Crypto becomes fintech(15:57) State of tokenization dashboard(20:55) Redemption frictions and heatmap(27:21) Morpho collateral rating lessons(30:35) Wrappers vs composability limits(36:55) Real estate tokenization problems(41:35) Metrics beyond tokenized value(44:22) Perps and Hyperliquid draw(52:27) Outro—Content links:Tokenization Report: https://panteracapital.com/state-of-tokenization-q1-2026-pdf/State of Tokenization Data Portal: http://tokenization.panteracapital.com/—NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live:https://indexedpod.com—Follow the co-hosts:https://x.com/hildobbyhttps://x.com/0xBoxerhttps://x.com/sui414Follow the Indexed Podcast:https://x.com/indexed_pod—The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.Subscribe/follow the show and leave a comment to help us grow the show!—DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    53 min
  3. APR 28

    Is DeFi dead? The biggest bank run in history

    In today’s episode, we’re breaking down the Kelp DAO exploit and the cascading fallout across DeFi. We unpack how a LayerZero configuration was abused to mint unbacked rsETH, how the attacker used Aave to extract liquidity, and why this turned into DeFi’s first true “bank run” moment. We discuss: Kelp DAO rsETH exploit overviewLayerZero configuration and RPC attackMinting 290m unbacked rsETHBridged assets and blast radiusDepositing fake collateral into AaveHow looping and leverage amplified riskAave’s monolithic pool design flawMorpho’s isolated market comparisonLiquidation mechanics and bad debt$10B Aave outflows and bank runTVL quality vs headline TVLDeFi reputation and permissioned shiftAnd more—enjoy —Timestamps:(00:00) Intro(02:00) What got exploited(05:20) Restaking and looping explained(08:15) LayerZero config vulnerability(10:08) 290m rsETH minted(16:10) Depositing into Aave(18:45) Morpho vs Aave design(24:30) Governance responsibility debate(28:40) LayerZero network scale(34:55) $10B Aave outflows(41:00) DeFi reputation hit(52:00) TVL quality discussion(56:24) Outro—NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live:https://indexedpod.com—Follow the co-hosts:https://x.com/hildobbyhttps://x.com/0xBoxerhttps://x.com/sui414Follow the Indexed Podcast:https://x.com/indexed_pod—The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.Subscribe/follow the show and leave a comment to help us grow the show!—DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    57 min
  4. MAR 26

    The RWA Reality Check

    In today's episode, we're joined by JW from Nexus Data Labs for a deep dive into the current state of RWAs, onchain data, and where real usage actually stands. We discuss:  JW’s path from TradFi credit to onchain analytics  Building Nexus Data Labs and the legacy of OurNetwork  The reality behind RWA growth vs headlines  Why most RWA stablecoins sit idle  The missing piece: DeFi composability  Permissioned vs permissionless token constraints  Tokenized funds, treasuries, and actual usage  Prediction markets growth and Polymarket dominance  Hidden revenue dynamics of stablecoin collateral  Polymarket’s impact on Polygon usage  Onchain data gaps and the rise of crypto data analysts  The convergence of TradFi and crypto skillsets And much more—enjoy! — Timestamps: (00:00) Introduction (03:14) JW background, TradFi to crypto (07:31) Nexus Data Labs vision (11:05) RWA high-level overview (12:25) Idle stablecoin capital problem (15:01) Permissioned vs DeFi usage (17:11) Why tokenization needs utility (21:16) Institutional constraints, KYC (27:03) TradFi meets DeFi data (32:22) Prediction markets growth (37:05) Polymarket revenue mechanics (47:13) Polymarket dominance on Polygon (01:04:21) Outro—Content links: https://x.com/JW_Seoul/status/2032104556335632786?s=20 https://x.com/NexusDataLabs/status/2035025715435819394?s=20 https://substack.com/@nexusdata —NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live:  https://indexedpod.com  —Follow the guest:https://x.com/JW_Seoul https://x.com/NexusDataLabs Follow the co-hosts:https://x.com/hildobby https://x.com/0xBoxer https://x.com/sui414 Follow the Indexed Podcast:https://x.com/indexed_pod — The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show! — DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    1h 8m
  5. MAR 12

    The Problem with DeFi Integrations

    Today we’re joined by Andrew Hong, Co-Founder of Herd, Advisor at Archetype, and former Headmaster at Dune. In this episode, we discuss: Leaving Dune to start HerdComposability in the age of AI agentsWhy crypto due diligence doesn’t scaleMorpho vault complexity & operational riskAI agents for contract researchTwo-sided marketplace: protocols & institutionsHooks, adapters, and modular vault designWallet policies & multisig risk managementInstitutional DeFi integrations (Coinbase, BlackRock)Agent-to-agent payments: hype vs realityWhy crypto needs “boring” infraAI replacing crypto analysts?And much more—enjoy!—Timestamps:(00:00) Introduction(01:08) Leaving Dune, starting Herd(03:16) Agent research inbox vision(05:14) Institutional crypto adoption challenges(08:16) From aggregation to operations(10:21) Protocols vs institutions marketplace(14:11) Mapping contracts & transactions(21:48) One-shot integrations with AI(24:32) Vault adapters & hidden permissions(30:49) Security vs operational risk(34:30) Uniswap hooks & modular design(41:07) Agent payments skepticism(53:12) AI replacing analysts?(57:50) Outro—Content links:https://bit.ly/4sgi1uThttps://bit.ly/4b8wt28https://bit.ly/4rqEWlQ —NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live:  https://indexedpod.com Follow the guest:https://x.com/andrewhong5297https://x.com/herd_eco Follow the co-hosts:https://x.com/hildobbyhttps://x.com/0xBoxerhttps://x.com/sui414 Follow the Indexed Podcast:https://x.com/indexed_pod—The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show!—DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    58 min
  6. FEB 26

    The Hidden Risks of Crypto Bridges



    Today we’re joined by Luca Donnoh, Head of Research at L2BEAT, to dive deep into interoperability, bridging risk, and the hidden trust assumptions behind cross-chain assets. In this episode we’re discussing: - Luca’s background and path into crypto - The L2 roadmap debate and Ethereum’s direction - The new L2BEAT interoperability dataset - Research goals behind the interop dashboard - Lock & mint vs burn & mint bridges - Intent-based bridging and counterparty risk - Liquidity providers and bridge execution risk - Canonical vs non-canonical tokens - Wrapped asset systemic risk - Multi-chain token configurations (LayerZero-style) - Bridge exploits and historical failures - The future of rollups, shared stacks & competition And much more—enjoy! — Timestamps: (00:00) Introduction (01:05) Luca’s crypto background (04:36) Latest L2BEAT project (13:20) Rollup value proposition (16:08) L2 roadmap hot takes (20:22) Interop dataset overview (23:19) Research goals explained (29:45) Non-mint bridging model (35:24) Lock & mint mechanics (38:47) Non-issuer token bridging (44:31) Bridge aggregator UX (52:12) Risky token examples (57:03) Multi-chain failure risks (1:01:12) Closing thoughts — Content links: https://l2beat.com/interop/summary — NEW: Join the Indexed Pod group chat: https://t.me/+Jmox7c6mB8AzOWU0 And our new website is live: https://indexedpod.com — Follow the guest: https://x.com/donnoh_eth Follow the co-hosts: https://x.com/hildobby https://x.com/0xBoxer https://x.com/sui414 Follow the Indexed Podcast: https://x.com/indexed_pod — The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show! — DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    1h 3m
  7. FEB 16

    Who is the leading crypto payment card?

    Today we’re joined by Dash, Janitor and Co-Founder at Paymentscan. In this episode we’re discussing:- Dune as the new frontend for data- Onchain vs API data confusion- Polymarket vs Kalshi data transparency- Notional volume vs real volume- Open interest spikes explained- Sports dominance in prediction markets- Data plumbing vs product narratives- Crypto payment cards landscape- Privacy tradeoffs in onchain payments- Stablecoin usage across cards- Cashback incentives and token risk- Building Paymentscan.xyz And much more—enjoy!—Timestamps:(00:00) Introduction(04:57) Dune as frontend(06:21) Onchain data confusion(11:20) Polymarket vs Kalshi data(17:22) Notional vs volume(21:13) Data transparency tradeoffs(21:35) Open interest spike(24:31) Sports market dominance(24:53) Crypto payment cards(29:28) Public vs private settlement(31:11) Payment privacy concerns(36:17) Card usage metrics(44:15) Cashback token incentives(46:11) Outro—Content links:Dashboard:https://dune.com/datadashboards Payments database:https://paymentscan.xyz—NEW: Join the Indexed Pod group chat:https://t.me/+Jmox7c6mB8AzOWU0—Follow the guest:https://x.com/datadashboards Follow the co-hosts:https://x.com/hildobbyhttps://x.com/0xBoxerhttps://x.com/sui414 Follow the Indexed Podcast:https://x.com/indexed_pod—The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show!—DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    47 min
  8. FEB 5

    Demystifying Prediction Markets Beyond Volume Charts

    In today’s episode, we're unpacking what’s really driving prediction markets and how to think about them as information and distribution systems, not just gambling venues. We discuss: Polymarket vs Kalshi: onchain vs offchain tradeoffsDistribution advantages and partnershipsLiquidity, market making, and arbitrage dynamicsWhy volume alone is misleadingSports betting vs long-duration marketsFees, incentives, and wash trading concernsU.S. regulation and launch implicationsPrediction markets as news and truth-discovery toolsThe long arc from Augur to todayAnd much more—enjoy! — Timestamps: (00:00) Introduction (01:50) Prediction markets return (05:16) Offchain vs onchain (09:37) Kalshi distribution edge (13:23) US legality questions (17:50) Market timing mechanics (22:19) Market creation debates (30:19) API delays and arbitrage (32:55) Liquidity and market makers (34:27) User growth questions (36:00) Prediction markets as news (39:11) From Augur to now (40:07) Outro —Content links:Dashboard: https://dune.com/datadashboards/prediction-markets https://brier.fyi/ https://calibration.city/calibration Slides: https://bit.ly/45Hlzxa  —Content links:Jobs board:  https://bit.ly/4sEVMj3 —NEW: Join the Indexed Pod group chat: https://t.me/+Jmox7c6mB8AzOWU0 —  Follow the guest: https://x.com/hobey —Follow the co-hosts:https://x.com/hildobby https://x.com/0xBoxer https://x.com/sui414 Follow the Indexed Podcast:https://x.com/indexed_pod — The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414. Subscribe/follow the show and leave a comment to help us grow the show! —DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

    41 min

Ratings & Reviews

5
out of 5
3 Ratings

About

Hi! 👋 We are 3 data nerds here to chat trendy metrics, chart crimes in web3. We hope to bring you deep dive of the topics with data-driven insights, and bring more transparency to the crypto industry! Let us know your opinions under each episode, and the topics you'd like to hear from us! Follow us on X: Indexed: https://twitter.com/indexed_pod Hildobby: https://twitter.com/hildobby Boxer: https://twitter.com/0xBoxer Danning: https://twitter.com/sui414 And our website: indexedpod.com

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