101 episodes

Fundamentals of the internet-native economy.
The world's most valuable companies are born during major platform shifts. We demystify crypto to help you filter the noise.

Fundamentals Token Terminal

    • Technology

Fundamentals of the internet-native economy.
The world's most valuable companies are born during major platform shifts. We demystify crypto to help you filter the noise.

    Franklin Templeton's Approach to Digital Assets | Interview with Christopher Jensen

    Franklin Templeton's Approach to Digital Assets | Interview with Christopher Jensen

    In this episode, we’re joined by Christopher Jensen, Director of Digital Asset Research at Franklin Templeton.



    We speak about Franklin Templeton's fundamentals-driven approach to digital asset investments research, and internal analysis to understand protocols, tokens, and value accrual. Our conversation also touches on client demand, institutional interest, and the creation of a comprehensive product suite to cater to varying levels of demand and knowledge. Christopher highlights the importance of onchain data, the use of blockchain technology for operational efficiencies, and the ongoing exploration of new crypto use cases like decentralized physical infrastructure networks (DePIN). Additionally, we speak about Franklin Templeton's pioneering efforts in launching the first tokenized money market fund, and their plans for the future.



    Tune in to learn about how Franklin Templeton is navigating and contributing to the onchain future.



    Franklin Templeton: https://www.franklintempleton.com/

    X: https://twitter.com/FTI_DA

    Christopher Jensen: https://www.franklintempleton.com/profiles/christopher-jensen



    Make sure to leave a comment if you have any questions 🙌



    Timestamps:

    00:00 Introduction

    01:00 Sudden Shift in Crypto Policy

    03:36 Franklin Templeton's Digital Assets Focus

    06:17 Institutional Interest and Client Demand

    09:13 Bitcoin ETF and Market Impact

    10:50 Barriers to Adoption and Education

    13:43 Protocol Economy and Value Accrual

    19:08 Metrics and Methods for Evaluating Digital Assets

    24:38 Sustainability and Competitive Moats in Web3

    27:55 Utilizing Onchain Data for Research

    29:57 Franklin Templeton's Node Operations

    33:11 Challenges and Insights from Running Nodes

    38:16 Franklin OnChain U.S. Government Money Fund

    46:13 Bringing Capital Markets Onchain

    49:10 Partnerships and Strategic Integrations

    51:49 Promising Crypto Use Cases and Killer Apps (Case DePin)



    -------



    📊 Token Terminal platform: 

    ► https://www.tokenterminal.com/

    -------------------------------------------

    💬 Join our Discord: 

    ►  https://discord.com/invite/tokenterminal

    -------------------------------------------

    📱 Follow us on Twitter:

    ► https://twitter.com/tokenterminal

    -------------------------------------------

    📩 Subscribe to our Newsletter:

    ► https://tokenterminal.substack.com/

    -------------------------------------------



    Crypto redefines the way businesses are built and operated.

    Token Terminal gives you the tools to evaluate and track the most promising projects.



    #FranklinTempleton #TokenTerminal #Crypto #Onchain

    • 57 min
    The Power of Onchain: Updating the System with Jesse Pollak, Creator of Base

    The Power of Onchain: Updating the System with Jesse Pollak, Creator of Base

    In this episode, we’re joined by Jesse Pollak, the Creator of Base. Our conversation dives into the details behind moving Coinbase onchain, building Base as a ‘company within a company’, and combining the strengths of Coinbase and Optimism to create a global onchain economy. 



    We speak about Base’s lean and engineering-driven team structure, the purpose of economic alliances between chains, pioneering governance strategies, standardising metrics in the industry, and the paradigm shift that building onchain enables for decision-making, product development, and more efficient business operations. 



    Tune in for a great discussion about the fundamentals of Base and building onchain.



    Let's get Jesse bald! https://letsgetjessebald.com/



    Base's dashboard on Token Terminal: https://tokenterminal.com/terminal/projects/base



    Onchain Summer: https://base.mirror.xyz/HoH9cZVi8CMdvxVUNjvOzceUPVQcVZvvkf8ZbCOVOco

    BaseCamp 001: https://base.mirror.xyz/GL6dd2CfZuG3dVd_jZAZJLjYP8h7NRk0falVV6O7RqQ



    Base: https://www.base.org/

    Jesse on X: https://x.com/jessepollak

    Base on X: https://x.com/base



    Make sure to leave a comment if you have any questions 🙌



    Timestamps:

    00:00 Introduction

    00:52 Let’s get Jesse bald!

    03:07 Why build Base as a company within a company?

    05:44 Is Base to Coinbase what AWS is to Amazon?

    06:20 The future of compute: Onchain and serverless

    10:40 From legacy systems to onchain: a practical approach

    13:40 What makes DAOs powerful?

    16:22 Team composition and hiring at Base

    24:49 Standardizing metrics in the industry

    25:44 Introduction to the Superchain ecosystem

    27:14 The importance of interoperability and asset fungibility

    31:16 The economic arrangement between Base and Optimism

    33:17 Base as the hub of the onchain economy

    37:24 Coinbase x Optimism: An iconic duo

    38:04 Governance as a differentiator with L2s

    45:18 Leveraging onchain data for growth and decision making



    📊 Token Terminal platform: 

    ► https://www.tokenterminal.com/

    -------------------------------------------

    💬 Join our Discord: 

    ►  https://discord.com/invite/tokenterminal

    -------------------------------------------

    📱 Follow us on Twitter:

    ► https://twitter.com/tokenterminal

    -------------------------------------------

    📩 Subscribe to our Newsletter:

    ► https://tokenterminal.substack.com/

    -------------------------------------------



    Crypto redefines the way businesses are built and operated.

    Token Terminal gives you the tools to evaluate and track the most promising projects.



    #Base #Coinbase #Onchain #TokenTerminal #Crypto

    • 49 min
    Analyzing the evolving blockchain landscape with VanEck – Interview with Matthew Sigel

    Analyzing the evolving blockchain landscape with VanEck – Interview with Matthew Sigel

    Our recent conversation with Matthew Sigel, Head of Digital Assets Research at VanEck, covers the state of Bitcoin ETFs, the growth of the broader Bitcoin ecosystem, understanding value accrual, differences in VanEck’s valuation models for Ethereum and Solana, the pros and cons of onchain data, key line items in blockchain P&Ls, and more.



    VanEck is a global investment management firm with over $100 billion in assets under management as of March this year. VanEck offers a range of investment vehicles, including ETFs, mutual funds, institutional funds, separately managed accounts, and model delivery portfolios. Recognizing the transformative potential of digital assets early on, they have solidified their position as a thought leader in the space.



    Make sure to leave a comment if you have any questions 🙌



    📊 Token Terminal platform: 

    ► https://www.tokenterminal.com/

    -------------------------------------------

    💬 Join our Discord: 

    ►  https://discord.com/invite/tokenterminal

    -------------------------------------------

    📱 Follow us on Twitter:

    ► https://twitter.com/tokenterminal

    -------------------------------------------

    📩 Subscribe to our Newsletter:

    ► https://tokenterminal.substack.com/

    -------------------------------------------



    Timestamps:

    00:00 Introduction

    03:47 Bitcoin ETFs and the current state of institutional interest

    08:59 Growth of the Bitcoin ecosystem

    12:56 Bitcoin L2s

    16:05 How does increased economic activity on Bitcoin affect portfolio construction and value accrual

    22:39 Value creation: Ethereum vs. Solana

    26:58 Will Solana L2s be a thing, or can a monolith scale?

    31:00 Ethereum L2s: is it a winner takes all market?

    34:22 Value accrual on Ethereum

    37:27 Onchain data and accounting

    47:59 Breaking down blockchain P&Ls



    Crypto redefines the way businesses are built and operated.

    Token Terminal gives you the tools to evaluate and track the most promising projects.



    #VanEck #Bitcoin #TokenTerminal

    • 53 min
    Bitwise – The world's largest crypto index fund manager | Fundamentals ep. 86

    Bitwise – The world's largest crypto index fund manager | Fundamentals ep. 86

    In this episode of the Fundamentals podcast, we’re joined by Ryan Rasmussen, Senior Crypto Research Analyst at Bitwise – The world's largest crypto index fund manager.

    Make sure to leave a comment if you have any questions 🙌

    12 Real-World Stories of How Millions of People Are Using Crypto Services Today: https://bitwiseinvestments.com/crypto-market-insights/crypto-use-cases-12-real-world-stories-2024

    The Year Ahead: 10 Crypto Predictions for 2024: https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2024

    Bitwise: https://bitwiseinvestments.com/
    Bitwise on X: https://twitter.com/BitwiseInvest
    Ryan on X: https://twitter.com/RasterlyRock

    -------------------------------------------
    📊 Token Terminal platform:
    ► https://www.tokenterminal.com/
    -------------------------------------------
    💬 Join our Discord:
    ► https://discord.com/invite/tokenterminal
    -------------------------------------------
    📱 Follow us on Twitter:
    ► https://twitter.com/tokenterminal
    -------------------------------------------
    📩 Subscribe to our Newsletter:
    ► https://tokenterminal.substack.com/
    -------------------------------------------

    Timestamps:
    00:00 Introduction
    00:42 What is Bitwise?
    01:40 Overview of Bitwise’s product suite
    03:12 Which assets does Bitwise consider “investment grade”?
    07:35 The pros and cons of a conservative approach to the market
    09:00 The current state of institutional interest towards crypto
    12:34 How financial advisors operate, and how it affects crypto allocations
    14:01 Explaining the differences between BTC and ETH as investment assets
    19:10 Thoughts on the potential Ethereum ETF
    22:10 How is Bitwise educating investors and advisors in practice?
    27:21 The role of onchain data in education
    30:40 Current crypto use cases that Ryan finds most interesting
    38:25 10 crypto predictions for 2024

    ...

    Crypto redefines the way businesses are built and operated.
    Token Terminal gives you the tools to evaluate and track the most promising projects.

    #Bitwise #Crypto #Bitcoin #TokenTerminal

    • 53 min
    Bloomberg x Token Terminal: Onchain Data and Its Role in Investment Analysis | Webinar

    Bloomberg x Token Terminal: Onchain Data and Its Role in Investment Analysis | Webinar

    Tune in as Bloomberg and onchain data provider Token Terminal explore the relatively uncharted territory of onchain data. The team will talk about the sources and interpretation of this emerging form of financial data, it's unique characteristics, and how it fits into investor analysis.

    Participants can expect to depart the 30-minute webinar with a better understanding of how on-chain data can be used to support and enhance their investment analysis.


    Speakers:
    Alex Wenham, Digital Assets Product & Strategy Lead, Bloomberg

    With over 15 years of Financial Markets experience, Alex is the Global Head of Cryptocurrency Product and Digital Asset Lead at Bloomberg. Prior to this appointment Alex has been a Leader within our Sales organisation managing territories within Emerging Markets and the Nordics. Alex started his career at Bloomberg as a FX and FX Derivatives specialist working with our Sellside and Buyside clients across the UK, Middle East and Emerging Markets. Prior to joining Bloomberg, Alex worked as a FX Derivatives structurer helping corporate clients hedge FX Risk. Alex holds a double degree in Science and Commerce from Sydney University and is a FRM charter holder.


    Oskari Tempakka, Head of Growth, Token Terminal

    As Head of Growth at Token Terminal, Oskari oversees driving the platform's user acquisition, engagement, and retention strategies, while educating investors about crypto as an asset class. He is committed to bringing clarity and structure to the fast-paced crypto market, making it easier for investors to filter out the noise. With a background that spans data analytics, finance, and venture capital, Oskari brings a perspective well suited to deciphering the dynamics of the cryptoasset economy. Before joining Token Terminal, he worked with data analytics at Google, in Wealth Management at Nordea Private Banking, and led Wave Ventures, an early-stage venture capital fund.

    View the webinar on Bloomberg: https://www.bloomberg.com/professiona...

    Make sure to leave a comment if you have any questions 🙌

    📊 Token Terminal platform:
    ► https://www.tokenterminal.com/
    -------------------------------------------
    💬 Join our Discord:
    ►   / discord  
    -------------------------------------------
    📱 Follow us on Twitter:
    ►   / tokenterminal  
    -------------------------------------------
    📩 Subscribe to our Newsletter:
    ► https://tokenterminal.substack.com/
    -------------------------------------------

    Timestamps:
    00:00⁠ Intro

    ⁠00:25⁠ How Token Terminal determines what crypto assets to cover

    ⁠05:20⁠ Breaking down crypto as an asset class: Market sectors

    ⁠09:58⁠ Creating financial and alternative metrics for different crypto assets

    ⁠15:40⁠ Not all DAOs are created equal: Understanding value capture

    ⁠18:03⁠ Solana vs. Ethereum: Detailed comparative analysis between projects

    ⁠21:39⁠ Are Crypto and TradFi metrics a like-for-like

    ⁠23:55⁠ How is onchain data being used by investors today?


    Crypto redefines the way businesses are built and operated.
    Token Terminal gives you the tools to evaluate and track the most promising projects.

    #Blockchain #Crypto #Bloomberg #TokenTerminal

    • 31 min
    LayerZero – Diving into V2 | Fundamentals ep.85

    LayerZero – Diving into V2 | Fundamentals ep.85

    In this episode of the Fundamentals podcast, we’re joined by Bryan Pellegrino, the Co-Founder and CEO of LayerZero Labs – the team behind the LayerZero – an interoperability protocol that connects blockchains (50+ and counting).In this episode with Bryan, we discuss what LayerZero's core value proposition is, and why interoperability is important for the blockchain industry. We speak about the tech stack, current traction, assess market potential, and speak about value accrual.Finally, we wrap up with current challenges and growth drivers, and what the most exciting upcoming developments for LayerZero are.LayerZero: https://layerzero.network/X (Twitter): https://twitter.com/LayerZero_LabsBryan on X (Twitter): https://twitter.com/PrimordialAA
    Make sure to leave a comment if you have any questions 🙌

    📊 Token Terminal platform:
    ► https://www.tokenterminal.com/
    -------------------------------------------
    💬 Join our Discord:
    ► https://discord.com/invite/tokenterminal
    -------------------------------------------
    📱 Follow us on Twitter:
    ► https://twitter.com/tokenterminal
    -------------------------------------------
    📩 Subscribe to our Newsletter:
    ► https://tokenterminal.substack.com/
    -------------------------------------------




    Timestamps:
    00:00 Introduction
    00:18 Pudgy Penguins
    02:30 What is an omnichain interoperability protocol?
    04:50 Why is interoperability so important for web3?
    08:55 Technically, what is LayerZero?
    15:08 What makes achieving seamless interoperability hard?
    22:15 How can developers integrate with LayerZero?
    23:16 How are projects using LayerZero today?
    26:40 Which ecosystems are seeing the most inter-chain activity?
    28:03 The team at LayerZero Labs
    29:43 LayerZero's economic model
    31:28 Value accrual
    32:31 What are the best metrics to measure and value an interoperability protocol?
    34:25 What is the the TAM for LayerZero?
    36:34 Is interoperability a winner-takes-all market?
    41:14 The LayerZero token: Current status
    43:28 Current growth drivers and challenges
    44:42 A protocol needs to be opinionated
    47:15 What's next for LayerZero?


    Crypto redefines the way businesses are built and operated.
    Token Terminal gives you the tools to evaluate and track the most promising projects.

    #LayerZero #Interoperability #web3 #TokenTerminal #crypto

    • 48 min

Top Podcasts In Technology

Acquired
Ben Gilbert and David Rosenthal
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
Search Engine
PJ Vogt, Audacy, Jigsaw
Lex Fridman Podcast
Lex Fridman
Hard Fork
The New York Times
Underserved
Andrew Gelina

You Might Also Like

Bell Curve
Blockworks
0xResearch
Blockworks
Lightspeed
Blockworks
Empire
Blockworks
The Delphi Podcast
The Delphi Podcast
Good Game
Imran Khan and Qiao Wang