joel_john95

spending sunday morning looking at products built on hyperliquid

hyperliquid

There’s only two sources of edge in crypto

1. Information edge - usually a function of proximity to people

2. On chain edge - usually a function of being maniacal with numbers and pattern matching.

If you are low on social bandwidth.
All you have is on chain edge.

If you have access to chaptgpt o3 - you can simply run a query like this and get a whole reading list from @Decentralisedco

Should probably make a page with lists for easier discovery on Substack itself.

There needs to be a nansen/arkham for SaaS revenue in crypto. Would pay top dollars for a map of companies doing north of ~1mil/year in revenue.

Anyone building this?

General observation from dealflow - lots of people building on Bitcoin, prediction markets of all forms hot again, new age perp dex's in vogue and LLM/model/AI stuff trending but huge knowledge gap there between capital allocators and builders.

Not going to be grinning about this note on http://funding.decentralised.co all day long.

Cc : @shutterbugsid / @shloked_

(Side note: I have a backlog of 40ish emails I need to get back to on the product.. should be cleared tomorrow).

Stripe entering the stable coin payment game is the "what if google entered the arena" phase of stable coins.

More legitimacy, more m&a and well, more opportunity for smaller players.

Global scale fintech, not crypto. Beautiful.
FWIW - visa, Mastercard too part of the mix.

We have been speaking to several teams on both the buy and sell side considering M&As over the past month.

@desh_saurabh has been writing a long-form looking at the why, what and how of these. Think it matters at a time crypto VC is in the state it is.

Out tomorrow.

Did a transaction so important last night I had to call up dad and give him a whole investor update.

Entity never raised money but hey - good to keep loved ones updated on what’s cooking.

Feelsgoodbro.jpeg

That part of the cycle where I have to start bullposting in group chats with the boys at midnight.

Nihilism pays the bills, cautious optimism buys the ranch.

Trash talking VCs/L2s is fun and intellectually rewarding - but you get paid for generating value. Focus.