Why Crypto Users Are Moving to Base! 👀

[music] Why are you always [music] >> [music] [music] >> I think that we just holding on to something. >> [music] [music] >> Heat. Hey, Heat. I think that we just holding on to something. I think that we're just holding on to something. Just tell me what's going [music] Hey, hey, hey. I think that we're just holding on to something. I think that we're just holding on to something. [music] >> [music] [music] >> Heat. [music] Heat. [music] >> [music] [music] >> What's up [music] everybody? everybody and welcome to the show. Welcome to the underground crypto deep dive [music] show that is and we have been focusing heavily on the base ecosystem and it's been a [music] lot of fun. I think we have a great show for you tonight. But of course, first we have to do our due diligence,

start at the crypto bubbles and let's see what the heck is going on right now in this market. Shout out to everybody who's here. Melissa, Plague Dogs, Reliable Jay, I'm sure Blues Guy will be in the house soon. It is a Wednesday. For whatever reason, Wednesday does tend [music] to be a little bit of a slower night sometimes. Sometimes it's just randomly popping. Guess it just depends on the market. Let's toggle down our [music] one through 1,000. Everything looks red. What's our biggest red here? We have two that are downg -2.6 across their whole [music] category. All right, let's take a look. So, Green Rain, which is a prediction market, is actually up 25%. [music] XLM up 15%. Was there some news for XLM? I feel like I saw some stuff on social media about it. And everything else

pretty much down. Render down, [music] virtual down, wild down, and then of course across smaller percentages here. Let's drop down to 100 to 200. Beat is up 22.6%. And AR was that Arweave? Yep. Arweave up 8.9%. [music] River up 4%. Track up 11.8%. We were just looking at Origin Trail yesterday. Falcon Finance, Jetto, Rave Dow, but everything else pretty much red syrup, Pendle, [music] and Billions Network down. Billions is down 14.1%. So, we're just observing and keeping an eye on things here. Look, Knock down 13.6%. We went over Knock last night. That is a base native token. Comedians down 9.2. Aztecs down 13. Kea's down 16. Derive down 8%. Don't see any big green bubbles. Pharaohs is up 7%, Zama up 4%. Really nothing to get crazy excited about. Just a little bit of a pullback for sure. Pullback

within the pullback you may say. The overall market cap 2 2.5 trillion down 1.7%. Tried to mix those together real quick. Melissa. Oh, I was like wasn't sure what you were getting at there. Says, "Hello everyone. I just had a cold shower. I did it with zero problems. Finally, another accomplishment done in my journey towards healthiness." Hey, cold showers can be good for you. That's true. Bitcoin 74,423. Ethereum 2023. I mean, we're just kind of holding that [music] 2000 level for Ethereum. Uh BNB $647, XRP $131, Salana $8246, Dogecoin an even more flat [music] 10 cents than it was last time we looked at it yesterday. Hyperlid $58 just hanging still holding some gains there. It's still up 6.3% in [music] the last seven days. Zcash is down [music] 20%. $535. Cardono 23, high 23, [music] XMR $392, Chain

Link $912, Canton Network 15.5 cents, Stella 17 [music] cents. XLM of course getting the pump today. Something's always pumping even when everything else is dumping. It's up 17.6%. That XLM, those stellar lumens. Uh, let's see. Litecoin $51.92. [music] Avalanche $9. Meme core $2.98. Sweet. 95 [music] back under a dollar. It's on sale. I shall get some more. Sweet. And let's go see. I'm going to guess 86 by market cap for Flare. 86 by [music] market cap. There we go. And it is going down. I hope he sold a little bit at the top. Shout out to the Blues guy. Camp's in the house. Welcome in. Welcome in. Let's see what's trending today. Bonk. Bonk was trending yesterday. XLM of course trending and actually pumping. So we'll need to I guess take a look at XLM on the chart, won't

we? Bitcoin, Pudgy Penguin, Solstice. Solstice has been trending pretty much the last three days. [music] Venice Token, of course. Would I say I want a Venice token under like $10? That would be pretty nice. Hyperliquid, Sweet, Near Protocol, Zcash, Collector, Cry, Bit Tensor, Aerod Drrome, Binance, Render, and Monero. Render looking like it's in a nice fallen wedge, but will it just round [music] out instead? Aer Drrome, of course, Aer Drrome being one of the main liquidity hubs in the base ecosystem, and base we've been talking quite a bit about. Let's go ahead and pop over to the trading view and let's take a look at a few things here. Is it going to cooperate? I'm not sure. There we go. All right. I guess first let's see what the heck has been going on for BTC. Let me delete

all the drawings and start fresh. was like the one minute just starting to maybe do the thing. Can it do the thing? I mean, shoulder, head. It's lagging so bad it doesn't want to draw. There we go. Shoulder, head, and shoulder. You stochastics are high. Even if it is just the one minute, probably still needs to reset a little bit. Let's see. Can we get the the signal on the one minute? I don't know if I really want to trade anything. He said not much. G you I take that as uh busy at work. We got a little bit of heat today. Oh, was it a hot day? It's kind of like everybody talks when we say anything's cold, you know? They're like, "Oh, you don't know cold." Hell yeah. Ain't no heat like the Florida heat. Trying to

make sense of what's going on here. I mean, you see a little inverted head and shoulder for sure. Shoulder. Shoulder. No, I don't think so. That's too many shoulders, right? Looks like the three minute's going to try to run up there for the 200. Let's go look at some tokens like bonk. As if you guys have looked at anything. I'm sure you've looked at Bitcoin today. If not, we'll come back to it a little later. Bonk getting beat down for sure. Let's go like the 4our chart here. Make a little more sense of it. Had a double bottom there. It pumped out. I don't really know patterns really jumping out. I mean, of course, you have the support here. Maybe you get a bounce and move back to the 200 on the 4 hour. So it will be chilly

still by Florida standards. Yeah, very. But according to my clients, [music] they were all melting in their houses today. I swapped some E today for near. I see Near dropped a bit and I heard good things about it. Yeah, Near is I think Near is more focused on the AI realm of things [music] more than anything else. How's Mega doing? Still just bottoming out. Let's go to the 4 hour. Man, this [music] thing just keeps dumping and dumping. It's almost hard not to buy a little bit of this. I mean, it is rather a great buy or it never does anything ever. Can you buy Mega on uh Coinbase? I don't have a lot to say [music] about that. Let's go look at Solano. Was hoping for this daily cup and handle, but I see that didn't quite ever

give a pump there. trying to shoulder head and shoulder. Maybe it's going to run to the 200. Starting to see a lot of things really far away from the 200 on the bigger time frames. What's another coin that we want to look at here? Oh, XLM for sure. Let's look at XLM. Just kind of scanning through this stuff. If it doesn't if there's not a lot to say about it, if nothing jumps out at me, then I'm not going to spend [music] a bunch of time on it. Look at that. Broke some highs. Definitely swept those highs there. What does that mean? You come back down. Maybe get some fibachi retracement. Maybe some shoulder head shoulder action. >> The PC [music] there. Obvious support. Mark out some support and resistance here for XLM. And then of course you can

see you have a little bit of a gap here. So you lose this bottom [music] trend line for XLM at about 158.158 and you are probably [music] headed very quickly down to this 149 region [music] or it's breaking out and it's about to go on an epic pump. We we'll find out. It's far away from the 21. Ran saying ETH is losing a lot of momentum. A lot of important people in ETH space are giving up on it. Oh, Clams gave me a banger short last night. Drift woke up hitting my take [music] profit 50 bucks while I slept posted the win. Nice. You want to check out Drift? He said a lot of people are trading it for the airrop similar [music] to hype. We can take a look at drift for sure. I guess Coinbase. I usually

look at it in USDT, [music] but we'll look at it in uh USDC. What the heck? Not that big of a difference. Let's go like the 4 hour, though. Yeah, you hit a nice short there, that's for sure. question is kind of now what is it doing? Do you get some kind of breakout or you just continuing lower? I always get sketchy when it comes to trading the meme coins, but if things flip bullish, as I said, a lot of things far away from the 200 day moving average. So, if a lot of those things get a pump up to the 200 or just kind of stall sideways, you could get a little bit of a pump out of this. I mean, how much farther are you going to go? You got a good bit of support right there

for sure. Could come down to that support. Very interesting. That's the 4 hour. Let's go look at the daily. Daily just starting to roll over and go down. So, I mean, it could go down or sideways for quite some time. very high away from its 200 [music] on its daily. Yeah, Drift is Drift has been drifting. I mean, look at this. This is a daily chart and Drift has [music] not been like anywhere near its 200 day moving average since way up here like the 14th of October. Let's see. Basically like the Yeah. to like the 16th 17th of October and then it's been drifting ever since. What else? Anything else anybody want to look at? Blues Guy in the building says, "Blessings everybody. Great to see you all and God bless you all." Absolutely. I wish I could

have one more like that. One more like that every night. Is it a meme? What is it? Drift Protocol. I mean, with a name like Protocol, I'm pretty confident it's not a meme. But what exactly it is? Well, that's that's a different question. We will shall go find out. Before we move any further, let me give you the quote of the day by Jim Ran. Nonetheless, if you really want to do something, you'll find a way to do it. And if you don't, you'll find an excuse to validate why you're not doing it. I added that last part, but I like it. And you may not know this, but lower transaction fees dramatically change how people interact with crypto applications. enabling experimentation, microtransactions, and more consumerfocused activity. I would say that it's absolutely spoton. Cam says asking what the

heck is drift. Let's go find out. And let me drift you guys back on over here. All right. I swear it's the last time I'll use that. All right, let's look at drift. I mean with a name like Drift Protocol, I don't think it's just purely a memecoin or a meme coin at all. Prediction markets, perpetuals. Yeah, it looks like another financial style thing. Only has 19 million in it now. It is much [music] lower on this max chart. It's like max chart. came out around token generation event May 16th somewhere in that area 2024 and you'll see it had these levels here. What is that about 31 cents was like the low and now you're much lower than even that. Let's go check out the app. Go check out the protocol. says, "Stay tuned. Drift will be back

soon." Uh, they're gone. Okay. I almost feel like this [music] is why it's not doing well cuz it's gone. That is not good. All right. So, we we talked about what is trending here. here. I don't see anything that jumps out at me that we really, really need to go over. So, let's go get the fear and greed index. It is 22. I think it was 25 yesterday. Yep. So, it is sinking slowly, very slowly, lower and lower. Hopefully, we get a pop. There we go. Blues guy got you covered. Going to tell you what Drift [music] is as well. It's a decentralized exchange, of course. I remember going over it, but I never used it. I know that much. So, let's go take a look at what in the world is going on on Crypto Rank. [music] You

know, it always shows us a bunch of new coins that are going on. Melissa says she likes this part of the show, so I can't skip it. Xclaw, we saw this yesterday. Exclaw. [music] I mean, anything with claw or a lobster or some kind of claw in it is [music] Cladbot. You know, AI agents clawbot. If you don't know what QuadBot is, you are severely behind the [music] curve. Throw a 111 in the chat if you have no idea what QuadBot is. Open Router, [music] it's a newer project here. They've raised $153 million. Not a tiny amount of money. Open Router is a platform designed to facilitate access to various AI models through a unified API. But what is the point? The service supports a range of models enabling users to compare performance and switch between them as needed.

That's interesting concept. Open router focusing on [music] simplifying the interactions with AI technology by providing a standardized in interface and tools for efficient model development. Okay, I get [music] the concept. That's pretty cool. I could see it being very useful. I don't know how [music] much that's really going to like pump the price of the token. Then we got Luffa, which I I still have up over here. lofah.im and it looks like a cool project. So Luffa is a web 3 social app with E2 messaging encrypted to encrypted, right? multi-chain wallet [music] onchain channels and AI features. So, it's like a web 3 encrypted social media platform, if you will. The ultimate web 3 AI super connector, the all-in-one platform integrates decentralized identity, AI agents, web 3 native wallets, social features, and many programs, delivering a one-stop seamless experience.

Now, for me, with the whole decentralized identity and stuff, there there's a twist here that I don't think number one, this is an IQ raising moment that [music] I'm about to give you a little bit of sauce here. So for most people who talk about anything digital identity very negative very like one world government kind of thing uh [music] dystopia kind of thing which makes sense I follow I get it I get where they're coming from but if you take decentralized decentralized not decentralized [music] uh decentralized identity and you combine it with zero knowledge well and I put a really interesting uh [music] in what I want people to see about ZK cryptograph uh [music] concept cryptographic concepts. I put a whole breakdown of it um in the what I want people to see tab in the discord. But

anyways, the whole point is that we see it as a very negative thing. But what if there was a very complex [music] way of verifying your identity without actually giving away your identity, proving that you are who you are, without actually telling [music] them who you are. And this sounds like a crazy concept, but really you're just proving that you are legitimate and not necessarily who you are. It's it's a very interesting thing. under what I want people to see tab in the Discord. Go read that and you will understand more about ZK. I'm probably going to do a whole week on ZK and we're really going to raise that crypto IQ. I'll probably love it. You guys will probably be like, "My head is spinning. It is pounding from all of this information." But anyways, I just want

to point that out. D decentralized identity is something that a lot of people scream from the [music] rooftops and want to run for the hills. I like that they're implementing it. If we use ZK knowledge, it could actually be a very positive thing. I think it's pretty cool. Then we have this. Did it. I'm going to check into the chat as I can see it moving. Let's see. Let's see. What do we got going [music] on here? Cam says, "So, it's a competitor to Hype." Hype is [music] uh Yep. literally they can't afford to keep the website up. Oh, yeah. Drift protocol. Yeah. Um, something's [music] not right. That's my takeaway. Lose Guy says, "Claude is an advanced AI chatbot for large language models created by the AI startup Anthropic." Absolutely, you nailed it. It is built to analyze

massive amounts of text, draft content, uh, write computer code. Yep. And summarize documents. So basically the thing that Claudebot is different from a lot of like chat GBT and stuff like that [music] is the fact that the rails of um the rails of I don't know protection to keep it isolated [music] to keep the chat GBT contained is the way I should put it the containment of it is [music] very different with quadbot almost non-existent and so it can do a lot more but it also could do whatever it wants. Like somebody explained it to me uh where they said like, you know, you use Cloudbot for something and you have your computer set up to run Claudebot [music] for a task. If Cloudbot decides that like something you have on your computer is not really useful to whatever

task you've [music] given it, it can just delete it. Could be emails, photos, anything. Um it's not really well contained, but I'm sure they'll fix that, too. It's like the uh the good part and the bad part about it, right? Let's see. Lofah is a web three. Yeah, exactly. Thank you. Shout out to my mods. Appreciate you guys. Blake Dogs calling me out here. Says decentralized identity. Lol. I love it. Sometimes I say the craziest [music] things. Reliable Jay, shout out to my grandmother in the chat. Welcome, man. Welcome, man. Did it is an AI native. Hey, hey, hey, Blues Guy. You're getting ahead of me [music] here. You're getting ahead of me. I haven't even covered it yet. I'm just messing with you. You're good. Uh, this is Did It and I guess it already did it and

raised $7.5 million. Uh, did it is a unified API for KYC, KYB, AML, biometrics, transaction monitoring, and fraud prevention. Okay. So, I don't even know if I really want to take a crack at this. And we know what KYC stands for. Know your customer. KYB [music] maybe know your bank. AML. I don't know. That could mean a lot of things, right? And of course, biometrics. We know what biometrics are. Including passive liveless and face matching sounds terrifying. a composable workflow with SDKs, web hooks, and AI agent integration, which is MCP, which I do see that quite a bit everywhere. That's definitely going to hit some probably uh real techy stuff there. BNB Plus, we looked at yesterday. I like it for people who don't want to hold B&B. Now, for people who've been in the space forever, crypto people,

uh I have no idea why you [music] wouldn't just buy B&B if you like B&B. But some people, it's just too much. [music] It's too much to just buy the actual asset. They want like exposure to it through some obscure regulated way. Like they're scared. It's like just tell us you're scared and you don't know what you're doing and you're scared. I'm cool with that. The truth sets you free. BNB Plus is a digital asset treasury BNBX that holds BNB and generates yield via staking and DeFi strategy. The one thing that really catches me here is that B&B could be a monumental winner like a monumental winner over you know the next 3 4 years [music] just because if B&B Binance is accepted they are regulated through Binance US right [music] in America if somebody wants to set up

an a way for traditional trady [music] markets to get exposure Then man, money could flow [music] into that thing and it could pump and I think it's even though it's one of the top cryptos. Let's look what is B&B's market cap. Got to go back a little bit here. Just want to see what the market cap is. I know it's high. Obviously, it's the fourth largest. So, you have 87 billion. 87.3 billion, which sounds [music] pretty crazy, but it's uh not even at a trillion. I mean, you got to think about how how far it really has [music] to go. I mean, it could do an X or two just to catch up to Ethereum. And of course, if it does a couple X's, Ethereum will have money pour into it, too. So, I don't think it's going to

catch Ethereum by any means. But as money comes pouring into crypto at some [music] point, you know, maybe we see Bitcoin go to like three and a half, four trillion, you're going to see B&B greatly increase and it has a lot of room to grow without without being a super highly risky asset. [music] I almost would think BNB might be a sleeper coin to hold for the next 10, 15, 20 years. Those are just my thoughts there. I mean, what kept B&B down for a long time was all of the FUD and kind of negativity against Binance. I don't I don't see any of that anymore. And, you know, CZ did his little whatever he had to do his time. And it seems like they kind of cleared him away and now he's playing ball. [music] So funny. Melissa

says, "I buy B&B." And asked her, I thought she said, "I buy B&B on Easter." And I was like, that's a weird tradition, but you know, all right. I mean, you [music] you make your own family traditions. Uh, they are drifting it towards the golf [music] course. Yeah, probably. Thanks for the info [music] on did it says the AI native fraudrevention self-custody digital wallet platform designed [music] for the crypto and web 3 era. Everybody smash that like button. take the time out of your day and smash that like button for me. So, Automato, [music] can we just call it O to Tomato? I think it is O to Tomato, but I think it's also [music] Automato. Um, is a tooling and monitoring onchain DeFi activity and managing notifications related to [music] user positions. Hopefully, you understand what they're putting

down here. uh DeFi activity and managing notifications related to users. It connects blockchain networks to detect position associated with wallet address and track predefined [music] conditions. So, it's probably used for a lot of things, but mostly >> [music] >> um portfolio monitoring would be what I would say. Soulmate. Now, these are all coins that are coming. Like this Soulmate has raised 311 million. [music] That that sounds serious. I I don't know what the heck they're going to do. Is it Salana or are they helping you find the one you're meant to be with forever? I don't know what their aim is here. They're going to do some [music] weird AI agent soulmate stuff. I don't know. Soulmate is an inst I could just read what it is, [music] but that is so much less fun than just speculating on

it name alone. Don't judge a book by [music] its cover, right? Soulmate is an institutional salana validator and RPC provider in the UAE focused on infrastructure dep uh development. It's a lot less fun than um an AI agent soulmate match here. Sounds more interesting, but I guess the UAE needs this, so we'll let them have it on the NASDAQ [music] SLMT. So, they're a publicly traded company [music] is what I'm wondering here. Very interesting. [music] Fold. I'm going to keep you guys all up to date on all the new coins as they come out. Shout out to all my undergrounders. Thank you for being here on a Wednesday night. Fold is a Bitcoin rewards app providing a gift card platform used to help spend Bitcoin in the real world. So if you're having trouble spending Bitcoin in the real

world, Bold has got you. Just reminds me of some hater. It wasn't a bunch of people, just one person. And they just kept going on and on on a real about how, you know, come back and talk to me when you can actually use Bitcoin to [music] buy something. And I'm just like, bro, what world do you live in? What crypto asset project doesn't have a Visa card where you can spend your cryptocurrency, [music] especially Bitcoin inside of it? Very interesting. So, Fold is a Bitcoin reward app. Let me go figure out what's going on here real quick. [music] All right, we sorted that out. [music] Smoke alarms going off. People cooking or doing their best to cook, I guess. Toast. Toast is hard. Um 186.3 million raised by fold. I mean, it's it's infrastructure. It's financial, right? It's

Bitcoin. It's a rewards app providing a gift card platform used to help spend Bitcoin in the real world, but to spend like your regular Bitcoin or like Bitcoin rewards or both. Or maybe the rewards are like a cash back. Uh purchase clothes and various items using credit cards. Yeah, of course. We know we know what you do with credit cards and debit cards. Come on now. AIW3. For some reason, the ticker just makes me think of like a World War II AI scenario. So, that's [music] fun. Uh, let's see. Is a web 3 a A. as I think about how I'm going to turn uh our regular stuff here into like a board game with teams and stuff. A question I would ask [music] if we were doing that is what in the world is a AAS stand for?

We've been over it at least three days now. [music] platform for AI agents that is automate onchain trading and strategy execution. I know that Blues Guy, he's googling it right now. It is agents as a service. Don't take my word for it. They wrote it for you right there. So, this aa I'm just going to call it triple A because that's way funner to say than a AAS. Um, agents as a service. So the whole idea is just there's a service they're providing. It's really the agents that are doing it and you're [music] going to pay for it and they're going to make a ton of money off of these agents that they develop. Request. Now, why is request trending after it is 8.6 years old? No idea. Maybe it's useful. Let's go to the monthly. Interesting. Only goes

back to 2021 here. It's at 54 million [music] been as high as 818 million request is an open network for all payment requests. So infrastructure, it's Ethereum ecosystem, right? CEO, Ethereum, [music] and Polygon. Obviously, Polygon a layer two on Ethereum. A lot of Ethereum stuff out there as we go over the base ecosystem. I do have some projects actually pulled up for us to look at that I think are really interesting. Cryptic Quinton in the house says, "What's up, fam? What's up, man? Back at you. Thank you for coming to the Underground Crypto Deep Dive Show. Smash that like button for me, man. I appreciate it." Knockchain. We talked about it yesterday. I'mma highlight it real quick. It's only point4 years old. Uh it's a layer one. It says proof of work blockchain base. So this is where it

gets interesting, right? Cuz if base is a layer two, and I don't know if I really have the answer right off the top of my head here, but maybe you guys can help me [music] out. If Bass is a layer two on Ethereum blockchain and Ethereum is the layer one to Bass is layer two and nochain is on base and Noctchain's layer one proof of work. So then like yeah what the heck is it? High throughput zero knowledge virtual machine blockchain with a useful work [music] consensus proof of work a proof of useful work consensus I have seen this before that concept it's [music] a novel idea 75 million market cap only been as high as 95 I like that nochain looks pretty cool very rounded bottom how much lower can it go it came out it's gone down

it seems like it's really found a floor it's bounced It's broke this resistance here, this support and resistance. Looks like it's trying to flip it. Um, if it can hold this, it could be a good entry on knock here. I mean, you guys see this support and resistance flip, [music] right? Goes all the way back to this area, but especially here, and then you got above it and now you're holding it. Jeez. put a stop under this support and resistance and just let her hold. Very interesting. But what the heck is Knock? [music] We know it's a layer one, but what is their goal? What are they trying to do? Let's go to their website. Knockh chain is the protocol for verifiable computation markets built to make computation fully liquid and money fully private. I don't know. I like

it because it's got privacy in it, computation resources for AI and stuff like that. Very interesting. Um, [music] we talked about it the other day. They're just now really implementing some serious stuff here. As far as real tech, uh, the white paper just released, phase 2 protocol upgrade activates [music] at at block 65,500. run a node. It is proof of work. I I have no idea how to do something like this, but if I did, I would [music] mine it. Noctchain maintains last reviewed. [music] I'm sure I'd need to probably watch a YouTube video on how to do this is the first release of the persistent memory [music] arena. We could get into some really techy stuff here. The PMA or the persistent memory arena is a major rearchitecting of [music] Knock virtual machine. The runtime for Knock and

it significantly reduced the steadystate memory requirements of Knockchain peers and Knock apps. We have tested it and run it ourselves, but please report any bugs or problems. Highle takeaway. steadystate RAM usage has dropped from 20 GIB to 1.8GIB. I could run you through that whole list, but you guys are going to be like, why are you reading this? I understand. I hear you. You guys can quit yelling at your computer now. Road map. Road map's very techy. They're doing a network upgrade right now. High performance [music] networking with faster initial sync metadata embedded in payloads and batch transaction propagation and bridge withdrawals is where they're headed next. AI [music] computation market will be launched in June of 2026. I like it. Knockchain giving me some really good vibes here. Knockchain might be one to scoop on the super low

if it even goes low again. depends on what Bitcoin [music] does, right? Noctchain is on my radar. So, defi.app [music] or home, we went over that yesterday. It's funny, we're doing uh base ecosystem stuff. Melissa pointed this one out yesterday. Defi.app is a DeFi trading platform. Go figure. And we took a look at the app. They had this really cheesy video that's just like [music] our platform's so easy your grandmother could do it. I mean it's a very common thing as everybody harps on the [music] fact that uh you know in the past crypto has been very complicated with seed phrases and [music] stuff. Honestly, anybody's grandma could use Coinbase nowadays. Very simple. I know my grandmother could. Funny thing is my grandmother could probably use it. [music] My mother probably not so much. Um, it's very interesting how

that works out. So, you ununice said Leo. That's very strange. I know what LEO is, but what is all this extra words here? Leo, a [music] utility token at the heart of Bitfinex ecosystem. Not something I think I would really be speculating on, but it's chilling at $10 here. Octra. Octra. that we've talked about. Octra is a privacy focused blockchain using fully homamorphic encryption for secure data processing [music] and confidential smart contracts. Now, what is the difference between fully homamorphic encryption and zero knowledge? I I don't expect any questions on that. The board game is going to be real hard if I ask too many of these crazy questions. [music] Osmosis Biocoin on the radar. I love to see that. Only at a dollar. Is it the time to load up or is it cooked? AI rig complex. Definitely

worth mentioning here. ARC is an open- source framework designed for building AI agents. And if you've been with here with us for the last month or so, you should see the writing on the wall. Institutional services, AI agents, Cloudbot, all of that stuff. That is what is hot right now. Say network is a layer 1 blockchain with built-in onchain order book that allows smart contracts access to shared liquidity. Basically say wants to be the blockchain for all trading applications, decentralized exchanges, probably centralized [music] exchanges as well. I like a layer 1 project that is specialized [music] into something specific because nowadays being a everything layer 1 is well that's Ethereum's job. So I don't think there's room for other competitors in that market. You need to be niched. You need to be very niched into something if you want

to have a spot at the layer one table. Let's refresh this. Make sure it's as up to date as possible. Just using this block works to take a look at top gainers, top losers. XLM up 17.9%. I own the tiniest bit of it somewhere. Arweave up 8%. And you know, it's not the greatest day when your top gainer is only up 20%. Where's the 1,00x meme coin for the day? Top losers though, almost more fun to look at. Humanity, comedian, virtuals. Hate to see virtuals in there. Pendle kind of no surprise. Pendle always seems like it's going to do something [music] and then it just nose dive. Sky AI, I mean, people were getting real real bullish on Sky AI and and it's [music] just kind of done nothing but just tumble for days now. This is the last

seven days. >> [music] >> So, you had this peak at 34 cents on the 25th of May, and it's just been a couple of days of just absolute getting crushed. Let's look at the monthly here. Yeah. And I mean, your monthly high was what? It's giving me that monthly low. That's not what I want. There we go. 84 cents. And that [music] was that was all she wrote. Looks like a lot of volatility though here. Maybe it's getting ready to pop again. I mean, you're back down to some serious lows. Let's go to the year. There you go. So, I mean, your real lows is just spent a lot of [music] time around 3 cents, 4 cents, five and six, seven cents before it popped off. And then it it really didn't spend a lot of [music] time as

it ran all the way to like 84 cents, which is a huge gain. And now it's kind of giving it all back. Let's pop over actually and look at Sky AI because I find a very interesting large timeframe Fibonacci scenario might be there. Might be a great buy actually. Wow, this played out. Sweet [music] name service. We we said it looked like it was probably going to go lower and I mean it bearishly retested twice and proceeded to go lower. So shout out to somebody who was holding that. I hope uh [music] I hope you end up getting out of that at at least to break even. All right, let's find [music] SC Sky. I know it's got to be here. Let's go to a large time frame like the daily. Uh that might be too big. Let's go

to the 8 hour. There we go. And I think [music] you have a good Fibonacci retracement here. Kind of depends on where you want to take it. Since we're on a large time frame, I think I want the entire range here. And I mean, [music] that is 786 sauce right there. And I mean, you really had a nice bounce here off 786. And you have this strong support here where it went sideways for a while. and you're coming down to the 200. So I mean Sky is really going to bounce or it's just going to get cooked and do nothing. You could draw you a trend line [music] right here and maybe wait for it to break one of those trend line. Let's drop down to the 4our straighten ourselves or trend line out a little bit. I don't

know. I don't hate Sky AI as far as this chart goes. Definitely looks like a good 786 buy to me. Melissa says, "Touch, grab, press, [music] smack that like button. It would be truly appreciated." Absolutely would. It's the biggest thing you could do for a small upand cominging crypto channel who does a [music] very different show than you probably get anywhere else. Let's check on uh BTC. One minute. It's a good thing I didn't bother watching it because it it never really did the thing, did it? Um, I I'm not touching Bitcoin until like Monday of next week. So, there we go. I do like this block works. We've been we've been checking it out more more and more. One thing I like it for is this [music] blockchain revenue and ETF flows. Of course, when you look at

it like this, [music] it's it's very confusing. Let's blow it up so we can really look at it. And then let's kind of take away the everything factor. And it gives you a list of these top ones. And it says and 12 [music] others, which is kind of confusing because I can't see the 12 other, right? So, if you kind of start [music] by looking at it, and you can change daily, weekly. I think we're going to go weekly here, right? So, you can see Tron [music] had some good revenue days on the 8th of December. Here it made 22 [music] million. Here it made 23 million. So, I mean, living large. Add Hyperlid into it, and you can see Hyperlid had a day where it made 38 [music] million. Get rid of Tron. maybe run in and grab

Salana. O Salana had a day back here where it made $200 million [music] as a as a ecosystem, right? And Ethereum had a day Oh, it only made 45 mil on that day here, huh? So, look, Ethereum, see this is what data can do for you. You can see like Ethereum very low, but let's see. Let's see base over overlapped here. Look, Bass looks very similar. Right. And base a lot less. Like here, pick a good day here that's more recent. The 6th of October, Ethereum made 42.7 mil and Bass only made 3.3 mil. So, if you get what I'm what I'm getting at here. And then you could just throw arbitum on there and Polygon. [music] And because they're layer two of Ethereum, they're all very similar except for Polygon is always much much lower. Like this day

here, you'll see Ethereum made 42 mil and Polygon made 288,000. And we could pick another day here where Polygon actually made 1.2 mil. Arbitum only made 486,000. I would say Polygon better than Arbitum, but Arbitum also very niched out. But I don't feel like a lot of people run to use arbitum. Anyway, this is data. I could talk about data like this all day, which I find crazy [music] because I never thought I would be somebody like that. Then you have [music] locked scales of stuff like median transactions. Like I think a lot of this stuff is really cool. You could spend a lot of time [music] getting lost in the sauce here. Crypto ETF flows is the last one I'm going to take a quick peek at. Try [music] not to spend too much time on it. Melissa

says, "Hardworking man underground. We love you." Hey, I appreciate that. I appreciate all the love back at everybody for sure. All my undergrounders said, "You I am so grateful for all your hard work, dedication, and your channel is awesome. Much fun, much IQ. Let's go, bro." And these are just people having a great time in the community. I I promise that I don't pay them to say that. Um, shout out to all my mods and my undergrounders. Thank you for being here. So crypto ETFs total flows by assets and of course when you have them all [music] together. So this is, you know, a middle line. You have your inflows, your outflows, and you have, we had some really good inflow days, right? The fourth, the 5th, [music] and the 6th of May, followed by some [music] outflows and

some kind of median days, right? Definitely a lot of outflow days. Of course, BTC by [music] by a money amount, right? By amount of money is going to be your biggest one. all ETFs. [music] So, you have spot ETFs and then you have other ETFs that maybe have exposure outside of simply being spot. We can toggle this. Okay, that's really ugly and and confusing. Let's not use that. So, lately here you can see it's more outflows than anything else. And of course, you can use this thing at the [music] bottom to really zoom out. And wow, look at this spike. whatever day that was. Interesting. [music] All right, we will move along because I know that data is probably a little much. He says, "Yes, you." Melissa says, "Yes, you do. You pay us back in deep dive research."

Well, if that's the way you look at it, then I guess we have an exchange [music] of value going on, don't we? Uh, thanks for showing off those custom emojis. appreciate it. For quite a few days, I was having a lot of fun [music] uh deep diving different uh hashtags. We're gonna have to look at some different hashtags. Somebody give me a different hashtag to look at. It says unblocked. Is the person supposed to be blocked? Why am I Why am I seeing their junk here? Yeah. [music] I mean, it was really good for a few days here. I don't know what that is, but I don't want to see whatever that is. And now it's just nothing but junk signals. What do we want to add? Currency. Cryptocurrency. No. As a hashtag. Come on, man. It did not

[music] understand. Did I spell it wrong? Sam crushing it. That's from 2023. From 2023, he holds like the top post in this industry. So, I'm going to say that cryptocurrency [music] probably not the strongest. And of course, tons of BS posts in here. Glad they cover that sensitive content. They don't get me thrown off of Twitter or thrown off of YouTube, I should say. All right, I guess we're going to move on here. I would love to raise your crypto IQ. I don't know how you guys feel about having your crypto IQ raised. Reliable J says, "We see the chart." You sure do. Wow. Nobody was going to tell me that all you see is the chart, huh? We looked at a lot of stuff. Like a lot of stuff. That's [music] all right. It probably would have been

a bunch of charts as well. Let's go ahead and move on and raise that crypto IQ. I guess I'll go back and show you that guys that stuff again. So, one of the biggest lessons in technology, [music] remember we are talking about base. One of the biggest lessons in technology is that superior technology alone does [music] not guarantee adoption. User experience matters. I mean you could build something that's highly technical and amazing [music] but if if users are completely lost and confused while using it aka like early crypto uh most of them won't. [music] So convenience matters uh friction of course matters friction in the matter of you know usability. [music] Crypto historically introduced a lot of friction with expensive fees, confusing wallets, slow onboarding and fragmented ecosystem. Play Dog says #defi. That's a good one. Let's do that.

Appreciate you saying that. And where is Louble Oz? I haven't seen him today. Or DAPS. Yep, DAPS is a good one. We're going to get that. We're going to get that segment dialed in there. Those are good suggestions. So, all of that, you know, poor user friction here has created barriers for mainstream users. Layer 2 ecosystems like base are an attempt at reducing some of that friction. [music] Lower costs, which was the main complaint when it came to Ethereum, faster interaction, consumerfocused [music] applications like applications on your phone would be, and potentially smoother onboarding tied to existing [music] platforms like Coinbase. This changes the conversation around adoption because mass adoption may not happen through people coming blockchain experts [music] raising their crypto IQs. Uh Tachibbd doesn't seem to think that's how major [music] adoption is going to happen. So

maybe my channel is going to be lost on people probably. I knew that [music] from the get-go. It may happen through applications becoming simple enough that users barely think about the infrastructure underneath. That's what I'm pretty much expecting. And that may be one of the most important ideas behind base. And if you come to the Underground Crypto Deep Dive Show, especially for years and things, and you [music] understand a lot of the stuff that people don't understand, when it runs [music] everything silently in the background and most people take it for granted, but you [music] understand a lot more about how it works. Well, I think you might be [music] able to use some opportunity or find some opportunity in that to move faster than the masses, right? So fees affect behavior. [music] Remember layer 2's biggest problem solving

advantage was fees on the Ethereum network specifically. Hello Zo. Look at that. I just said [music] I wonder where he is and he puts yo. I wonder if he heard me say that. Did you hear me shout you out a minute ago? Oh, Bill in the house says [music] hey everyone. What's up Bill? I haven't seen you in a while. Welcome in. Welcome in. So lower transaction cost enabled experimentation smaller [music] transaction and more frequent interactions right so fees affect behavior friction slows slows adoption not applications like I wanted to say friction slows adoption [music] complex onboarding historically limited mainstream crypto participation now it's completely random but I remember projects like steppen where onboarding was very limited it wasn't complex although I guess It was complex cuz you needed an invite code. They were super hard to get [music]

and they tried to act like, "Oh, no big deal. Just go to our Discord and we put out a, [music] you know, a code every, you know, I guess it was minute or five minutes or [music] something, but they already have people have bots set up to grab those codes and start new accounts, right? So, you could [music] never get one. That is a personal experience of onboarding being a pain for something in crypto. Base focuses on consumer activity. So base is very consumer focused, right? Potential areas include social apps, creators, payments, and onchain communities. Developers follow users, or at least that's how it should be. Blues guy said got some super power. Yeah, [music] I guess so. That's what's up. How are we doing tonight? Hey, man. We're good. Better now that you're here for sure. Uh I

know I know my regular people who come through. So, when the show gets to about this point and I don't see somebody, I'm thinking, where are they at? Like, where's Green Fingers? I haven't seen Green Fingers yet. But shout out, welcome in. Welcome in. [music] We're still talking about the base ecosystem. And really, if you're just coming in, you're you're coming in at the right time because we're just about to get into some sauce for the base ecosystem. Everybody here is like, "What? I thought we were already in the sauce." [music] And we are. We are. But we're going to get saucier. Developers follow users. Ecosystems with activity often attract [music] more builders and applications, right? So instead of the followers, the users following developers, developers actually kind of chase the users, [music] right? Coinbase distribution matters. So Coinbase

already had massive existing user base. So this integration with a [music] layer 2 base that they built makes a lot of sense for them because they can use that integration in all of their applications on their phone, you know, phone [music] applications and website and stuff to be really true DeFi [music] and um just do it in a way that you're not going to really see from say other exchanges. And uh [music] who is more public faced? They have a public IPO. A lot of them do not. Kraken, if anybody doesn't know, Kraken has filed for their master, [music] what do we call it? Master service, master key, something like that. Basically, only Coinbase has one. And Kraken will be the second person to go for it. Probably going to have an IPO affiliated with that. I don't spend

a lot of time in [music] Tradfi. I don't believe Kraken has an IPO, but they might have already IPOed. Either way, they're following BAS's blueprints. And by base, I mean Coinbase infrastructure may become invisible. And maybe Kraken will do a layer [music] two or something like that. That'd be really cool if Kraken did like a layer two very similar to uh base, but like for a different [music] ecosystem like say BNB or Binance Smart Chain. So, infrastructure may become invisible. long-term adoption may occur when users no longer think about the blockchain itself. I said that in a real that I had just put out, you know, last week about how I think crypto will pretty much run everything in 10 years from now, but very few people will even know that it's going on because it'll all be built

into the to the background and only those who really understand the capabilities that blockchain brings will know that this is built on a blockchain technology. Crypto adoption may accelerate when blockchain complexity fades into the background. So we're mostly just talking about usability [music] and userability. Right. Says cool and blues. Welcome in. Welcome in. All right. [music] So was looking for a good list of like top projects that I feel like the idea here was if somebody mentions the base ecosystem these are like mustnow [music] projects from the ones that are like staples to the ones that are must know upcoming right so some of them will be a little redundant and as we [music] come down there will be more gems right so aer drrome finance aer drrome one of my plays [music] uh my portfolio although not very

big has quite a a few plays [music] on liquidity. So for base ecosystem we would talk aerody what is the major bonus question what is the major uh liquidity hub for sweet anybody know probably the most important defy primitive on base [music] right if bass keeps growing liquidity routing and trading volumes are huge narratives defy llama currently shows bass doing over 1 billion [music] in a 24-hour our DEX volume. So, decentralized exchange infrastructure is central to the chain. They know what they did there. They know what they did there. Morpho, Morpho is lending, right? As long as Moonwell, they're both lending. So, Morpho, one of the strongest lending platforms on or protocols, I should call it on base is not just basic lending. Morpho focuses on customizable lending markets and curated vaults which makes it more flexible for users

and builders. Moonwell, a major base native lending protocol as well. Super Chain Eco describes Moonwell as a open decentralized lending and borrowing protocol making it one of the most important finance apps in the base superchain ecosystem. Moonwell should be something you know it's been around for a long time. Maybe you get it, maybe you don't. CCP says, "Cash me outside, girl." Hey, not everybody's going to get that reference, but I love that. Hey, she was a Florida girl. Okay. She was from Florida. [music] She had that Florida vibe. I know a Florida girl when I see one. This is great to see y'all. Absolutely. [music] Virtual Protocol AI agents, right? And this is a list of gyms, but also like the projects you should really know on the base, right? This whole week series is about making sure you

understand the base ecosystem and I got a lot of good series planned for the next couple of weeks. It's going to be a lot of fun. So, virtual protocols, of course, one of the biggest base AI agent plays. The narrative is simple. Create your own tokenized monetized AI agents on chain. This fits perfectly with Bass's current push around agents. Base Bass's own builder page highlights agent transaction active agents and here's some real sauce for you. [music] X42 APIs. Clanker. Clanker one I I hope does very very well. Hello Zo. I I keep telling myself I'm just going to call you 00 and it it hasn't happened yet. Your name is too catchy. Brother says [music] I hold a little bit of Moonwell. Well, I hope it moons. Well, um, yes, I know. Very cheesy. Uh, [music] Bass, how long

can you go? I don't know where he's going with this. Bass. Yeah, Death Row. Yeah, brother. No. Yeah, I I see what you're doing there. AI token infrastructure, launch infrastructure, right? More [music] speculative. Gosh, I can't talk sometime. more speculative but very base culture. Clanker is described as infrastructure for AI native token [music] launching on base letting agents and users deploy tokens directly on chain. So there you go. Clanker I I see it very tied in with manad. Manad very much [music] tied in with Ethereum and making Ethereum better in many ways mostly speed right. [music] Melissa could tell us all about Manad. Hopefully Manad is in here somewhere, but it's not really base ecosystem, but very Ethereum ccentric, right? Zora, [music] which I don't like, and I hope that it doesn't do well at all. Uh, Zoro is

the most important consumer social apps [music] connected to base. That's sad cuz I don't like Zoro. I think it's garbage. Ethereum.org describes it as onchain social network for creating, connecting, and [music] earning online. Just don't like the model of it. I just what's the point of creating like a DeFi social media where [music] DeFi has zero relevance or importance or it just seems like a social media for [music] fringe people who have nothing really to say and that doesn't make a lot of sense for social media Farcaster which I don't know that I hear really good things about [music] Farcaster Warpcast ecosystem system. But I also have never really tried Farcaster. One thing I found very interesting is that Bass's web 3 base wallet application that they had, they kind of shut it down because then they integrated all

of those things into the actual regular Coinbase app that you knew, right? Instead of having two separate [music] apps and then they kind of rewrapped that base wallet application. And Barcaster is the main social media within inside that application, which is good. And maybe it'll give it some more exposure. I don't know if Zora is in is wrapped into that, but I could I'd be willing to bet that it probably is. Abantis, right? So, Pers RWA leverage decentralized exchange. One of the more interesting Bass native trading protocol, BAS's own ecosystem fund lists Avantis among its first investments. So that's very interesting. Describing it as a synthetic derivatives protocol for crypto and real world assets up to 100x leverage. And that just kind of tells you that Avantis is in the in club. They're in the in club of the

base ecosystem, right? So put that in your back pocket and try to remember it. BSX. another early base ecosystem fund investment. So BAS is investing directly in them. BAS described BSX [music] as a building decentralized limit order book with leverage, cross margin, and more centralized finance- like trading experience while staying selfcustodial on base, right? Paragraph. And I know I'm probably running through these way too fast for you guys. I hope you can keep up. Chris Cos in the house. 333. my fellow lifer givers gain. Thanks for [music] always reminding me to say that. So, Paragraph, a creator/publishing arm, right? A sleeper consumer crypto project basis ecosystem fund describes Paragraph [music] as an onchain creator platform for publishing newsletters, memberships, collectibles, and decentralized social distribution. So, I think that's very uh very interesting. We're starting to get maybe to a

couple of gems here. Paragraph open. I want to say clover so bad. Open cover [music] onchain insurance. Important if base defy keeps expanding. Base describes open coverver as [music] a layer 2 insurance aggregator helping protect defy insurers from risks like smart contract hacks or oracle failures. I haven't really put a ton of thought into the fact that like a DeFi protocol could get hacked and then like insurance is going to like somehow [music] come in in the back end and like make them whole. It's a really crazy idea because those hacks sometimes are insane amounts of money. Uh tokenized RWA [music] backed finance. So is this like an Onondo uh competitor here? RWA is one of the bigger serious narratives. Superchain Eco describes backed as issuing tokenized representations [music] of traditional assets like stocks and bonds as ERC20 tokens

backed one by one or one to one by corresponding securities. Let's take a deep deep breath. Everybody take a deep breath with me. No, you guys don't need to take a deep breath. Thanks for reminding me to hit that like button. Absolutely. Evening deep divers. Yep. Don't forget to tap that like button and subscribe to [music] the channel. Link to our free Discord. Maybe not always going to be free, but for right now, free Discord. And uh you might want to get it while it's hot or free, I should say. Yeah, CCP says moon. Well, all right. So top picks for the uh base ecosystem, DeFi backbones like Aerod Drrome, Morpho, and Moonwell. Of course, this is just more of like a recap, right? So we have DeFi, Aerod Drrome, Morpho, and Moonwell, lending and and those kind of

thing. Financial rails, consumer, social layer, barcast, paragraph, zora, AI agent narratives, things like virtual protocols, clanker, and banker. Banker, don't forget banker. It's in there, too. Advantis and BSX for trading in per. I like that. I don't want to [music] be overly redundant here because that's basically what I just said. And we're moving on. Let's go look at the liquidation heat map for Bitcoin. Let's update this. I watched Hugo talk about RWA's coming soon to you know where Manad maybe probably manad is [music] probably what he means. And there we go sinking lower into this liquidity that we had not hit yet prior to just a little bit ago. And it sure did want to go lower. So, does that free us up to get to get [music] the bounce into these highs? I don't know. Let's look at

like the 3day. Ah, it wants me to log in. I don't want to do that. Even though it's easy, I don't feel like doing it. Hey, Blues, did you look at your DMs [music] in the Discord? Oh, Melissa's trying trying to give you a hint. Look at those DMs in the Discord. All right, let's hop back here and let's look at [music] DeFi. Shout out to Plague Dogs. Then, of course, they're they're spamming in all of them, right? They're they're spamming in all of them. I just keep deleting them, and hopefully one day I'll be free of all of this junk. I wish there was some way to block all the nonsense, but I guess they need to put a they need to put an AI agent that just blocks a lot of this crap. What's going on, Gro?

[music] Are you telling me Gropar can't block all this nonsense here? Well, this is a hot take. So this applies not only to DeFi but every industry. It works both ways. The arms race between offense and defense has never disappeared. This is something that DeFi will rather solve or nobody in the world will. Too much FUD for a single person from such a respected person. No idea who they're talking about there. Uh let's see. I got to like kind of re I got to read it a little bit to make sure that they're not just [music] spamming something before I spin. It actually reduced my swap anxiety on chain. I don't even know who this is supposed to be for. It says uh 13 billion. Yeah. Fled DeFi in 48 [music] hours. A lost 10 billion. Yep. 292 drained

from Kelp Dow with fake ETH collateral. Yeah, that was a little while ago. I mean, they posted it eight minutes ago, but it was a while ago. Let's see. What is this talking [music] about? See, you do find interesting stuff in here. Touted as one of the most decentralized DeFi protocols per Coinbase's AI insight. Something Salana and memecoin traders might understand and [music] appreciate. Top holders buy just 1% of the supply, and that [music] is nuts. Ah, they're just promoting this. Who knows if any of this is legitimate, but it it is for this coin. I think bags. [music] I don't know. After reading it, I'm not so sure that was worth reading. Remember, this is Twitter, guys. I don't I don't back any of this stuff, right? [music] Slippage draining, African crossborder trade, turning profits into losses with

some kind of arbitrage. Well, here's a hot take. Defi needs more hacks, not less. Let AI speed run. Slippery slope contract so only anti-fragile code holds true value. Yeah, there you go. Total value locked. Free adversal audit at scale. Basically, have your hackathons done by AI. If your protocol dies from a bot, it was a charity. Protecting bad code with audits just subsidizes [music] code. Disagree. I like this guy. I like this guy right here. Uh yeah, everyone's still obsessing over DeFi's Wild West days, but it's quietly growing up. I like [music] that take. I like when we find real people really saying something. Discovering hidden gems in DeFi [music] feels different with pack swap. Fast swap smooth UI. Yep, they're just promoting their stuff here. Uh Zo says, "Hoping I wake up in some gains in a short."

Are you in a short for BTC? Oh, here it is. Yep. Says in my country, Manad sounds like one ad. That's pretty That's pretty funny. Uh, what do I think about going to 72K? I mean, anything could happen. Like I said, all week and I'm sure you've heard other places that uh liquidity is low and and they really heavily manipulate stuff when liquidity is low. 72 is down here. I mean, to me, liquidity looks like it's building and could get you up into these higher realms of like 76, but we could go there and then go down to SE [music] 72. We could dip down to 72 real fast and then go up there. So, there's no real telling. Just because the heat's up here doesn't mean you don't nice get a nice wick to the bottom and then

go ahead and move up or vice versa. get a nice wick up or a nice move up to even as far as like 78 and then come [music] crashing back down as a lot of people are going to try to short this as it pumps a little bit and that'll be very interesting to see [music] what happens. I'm staying out of the low liquidity nonsense cuz I'm tired of getting chopped up. Uh let's see what is Rugctor really trying to build. Not just another analytic tool, not just another alert system. Rugctor, which is kind of a silly name, aims to become the [music] foundational risk visibility layer powering safer participation across DeFi ecosystems. Definitely click and at least see where they are from. See where who's from? Some of these people. Is that what we're talking about? Should I

not like them if they're from some some rando place? Probably not. You're probably right. Reliable. Jay, always looking [music] out for me. Very, very reliable. He says, "Anybody research any coins from the XRPL?" Well, it's funny you say that because um there's been a couple I've looked at. None of them have done anything. I don't really know if anybody cares about the XRPL ledger. I mean, people are building, but as far as like people coming in and be being excited to use protocols and projects, like I just don't see it yet, but I think it will happen at [music] some point. Honestly, even if it takes another 15, 20 years, the youth who grow up or are growing up now, they're going to be so much more into like DeFi protocols and blockchains and stuff than any of the

people we got running right now. Uh, Reliable Jay says, "Uh, Twitter pro here, self-proclaimed." So, Reliable Jay, why do I need to look at where they are? Like, why do I need to look at who the people are, right? Tell me, tell me that. And this [music] is the DeFi hashtag. Welcome to the Twitter doomcroll. If you're just now coming in, you should smash that like button and know this is underground crypto deep dive research [music] show. And we've been running for like an hour and a half, so there's plenty to do, but we've done a lot. Is Defi [music] Puzzle finally coming together? The creator highlights our glaring gaps in decentralized [music] option trading that is holding the ecosystem back. See why this missing piece matters for investors. [music] Why does that name sound familiar? Miles, maybe it's

just a name. [music] DeFi isn't dying. Speculation is cooling. There's a difference. The real [music] question is whether decentralized finance evolves from high-risk yield farming into actual financial infrastructure. The next phase of DeFi may look far more institutional than people [music] expected. I I I mean that's that's probably spot on. Reliable. Jay says, "I get the latest Pokemon drops off of Twitter." I'm not sure what that means. [music] Like, I mean, I know what Pokemon is, but So, we're supposed to go see who this person is. Publishing daily. Is this guy trying to show me something? Crypto Miles family. Family over everything. Okay, so he's some kind of [music] influencer, huh? CMF live show episode 502, crypto macro and how money really moves behind the scenes. Real understanding, not headlines, not financial. Okay. And what when was this from?

Four hours ago. >> All right. can >> I'll give him a follow and see what he has to say for a day or two and then we'll move. But see, even with that, like you can't tell me I guess it is from 44 minutes ago, but I mean it has two hearts. He has like 2,000 people. Heck, I could probably get that on a post in 44 minutes. They are heavily I think uh shadowbanning most crypto stuff which is just weird like I don't know the latest tech Elon Musk Dogecoin Grock AI [music] the integration of AI and C and then you're going to turn around and like shadowban like all of it's just weird smart coded bot [music] SVI powered prediction markets applying gather 2011 math to onchain forecasting thing. Can this revolutionize DeFi [music] risk pricing? >>

If you know, you know. I guess get through some of this nonsense. All right. It's been fun, but we should move on to something else. >> Twitter is flooded with garbage. Absolutely. Who's your sources are means a lot. Yeah, absolutely. Melissa says, "My favorite Pokemon is Charizard." Nice. Uh, they are coming out with new technology that will allow you to smell different things via [music] wireless. I don't know where that comes from. Says, "Liz, I like Rayquaza." Hey, hey, all we need is a good Pokemon crypto DeFi game and we're off off to the races, right? Put some DeFi [music] into like Pokemon Go and you got you got places to go. So, the one minute never really presented the model here on BTC unless it was for a short. Zo 007zo says that he's in a short. I

don't know. I don't know how I feel about this. Kind of looks like uh it wants to pump for a little bit. Go grab that liquidity. I mean, the real strong liquidity starts at like 75. Yeah. 758 seven. Man, that is way up there though. That is way up there. Thing is like I don't know if we're going for that today. or if there's I they might be saving a lot of that liquidity for next week. I don't know. I am not the TA master. Smelling fragrances via internet is wild. Yeah, I don't know how I feel about that. Melissa, you shouldn't have. Does DeFi exist or is it just people on the internet [music] exchanging coins? I mean, that would be DeFi. That'd be very peer-to-peer DeFi, but I mean, DeFi nonetheless. So, I could see that I

have some digital sniffers for leak detection. Yeah, there you go. They use that in a lot of applications. plumbers use it for like um uh sewer gas, which sewer gas is nasty stuff. Everybody's probably smelled it and they didn't realize it. In Spectra, go to the in incentivize and you can get VBUSBC. Why [music] would we want that, Blues Guy? Why do we want VB USBC? I don't know. I'm just asking. I'm not trying to hate on it. I'm I'm [music] just asking for a friend cuz I don't know what the heck the use case for that would be. Okay, let's go get our F assets. Haven't haven't done this in a while. Going to make Blues Guy's day here real quick. >> Okay, I do have my wallet. Oh, they changed the dashboard. I like that. I I

don't like I mean, where's my position? It says you have zero. That's not true. >> Do we go to mint? >> Yeah, my position's like 8,600 [music] flare. Then it says your position zero. Oh, that was for Melissa. Ah. Ah, now I understand. Okay. I'm not sure what happened to my dashboard. It looks cleaned up and it looks not so messy. I like that. What is this? TVL over. Yeah, TVL is up quite a bit. I like that part. Mint and redeem. Mints and redeem. But where is like my position and how much I earned pools? So it's over here, huh? I have like next to nothing actually staked here. Yeah, here we go. Your position's like 70 bucks. It's nothing crazy. All of uh most of my stuff's here over on Spark Decks. We moved a little 200

over here. and have [music] been messing around with it. >> I don't know [music] what I've earned. >> I will remember how to do it. Blues guy. Oh, he says you're not connected. I am connected. What do you mean I'm not connected? I am absolutely connected. >> Flare rewards. flare emissions. Look, I got $5 here >> in in our flare. >> Let's go to the farm. I'm probably cooking around so fast. Blue guys is probably yelling at me. >> Yeah, I am. Melissa says, "I wanted VB USBC." Okay, go to reward. All right, [music] Blue Sky, I'll do that. I knew you would start yelling at me here. Rewards. Um, $5.31. [music] I don't hate that. I'll take that. Do I withdraw it? Do I withdraw my $5? Jimmy Villain in the house. What's up? What's up, bro? I

saw that you joined the Discord. I'm glad to see that. Maybe we can keep in touch even a little bit better. Feel free to message me there, whether it's in the hangout or the DM or whatever. Welcome in. Welcome in. Flare emissions, right? All right, I went to reward. Still talking to Melissa. All right, I guess we claim the reward cuz he's not telling [music] me not to. Yes, then compound. All right, Blues Guy, explain the compounding [music] to me again. I know what compounding is, but I mean, what is it again? You get you get your $5 in R flare. And then we go to swaps and we get Rflare. Where's Rflare? Not seeing [music] R flare. I see S flare. So, is it wrapped flare or is it a combination between flare and our flare? Diero in

here. Go and put it back. Uh, put it back where, bro? Maybe I should put it all in spark decks. Just swap it all to spark decks and and st and stake xpark. Should I do that? Is that better? Redeem your xpark back into spark instantly or over a vesting period up to 15 days. Maximum 1:1 ratio. Yep. Okay. It becomes rap flare and wallet. I knew it was something [music] like that. So, we have the wrapped flare, right? And it didn't give it us all of it. It gave us some of it. Some of it was still locked and we couldn't get that. And so, should I turn it into says, "Are you guys for or against?" Uh, for or against what? Yeah, once you cash out, it becomes wrapped player. Got you. Uh, Blues Guy said, "Don't

go there." I don't know if he's talking to me or CCP. I'm not sure. Um, and I don't know what we're for or against. And we're not going to argue politics on here because that's a waste of time. This is a crypto show. Anyways, um, yeah, rap flare. And we're going to turn rap flare into what? Regular flare, I assume. Is that what we're doing? Yes, it's lock called cooling period to avoid drops in price. Yeah, absolutely. Says call him. Huh? My microphone's still working. They're not talking about calling me. No idea what you guys talking about. Anyways, I guess we're swapping to flare. So, I guess you're just unwrapping it. I like how it says unwrap. That's pretty cool. Reliable. Jay says, "Left, no right, up, no down. I want to [music] compound like you like you were

talking about, Blues Guy. I just don't remember what we're compounding. So, I don't remember how to compound it. I guess [music] uh CCP says for or against things. We are for crypto and against anything that's against crypto, I guess. I don't know if that's a good way to put it or not. Pull up Firelight, too, while I'm waiting. And I got a small position here in Firelight. It's like 60 bucks. It's nothing crazy. I don't know. Firelight was hard to get into for a minute. My position says, "Don't unwrap. You get yield by having it wrapped." Okay. Okay. All right. I'm [music] waiting for instructions here. So, here's my position. I don't think that's my points. I think that's everybody's points, right? Or maybe these are my points. Take your rap flare and go to Mystic, he says. All

right, [music] we about to get fancy in here. Let's go to Mystic. And this is the Flare ecosystem for anybody who is totally confused on what is going on here. Am I doing this core USDTO V2 for uh 14%. [music] Take your rap flare and go to Mystic. All right, we did that. Now, what we usually do this in the membersonly stream, so there's that. Trying to fix my camera. I don't know why it's always trying [music] to show something else. Connect and go to borrow. All right. Connect up it is. Go to borrow. Got our wrapped flare. They're talking about 62.5%. Borrow against your flare with USDTO. Okay. Oh, call UG to better explain. Yeah, that would work. Then swap and do it again. We flare it. We flare him, baby. He says, then swap and do it

again. That's where you lost me. What am I swapping? So, I want to borrow withdraw. I don't know what we're doing here, but I do know it's about time for the membersonly live stream, guys. So, we're going to bounce over to the membersonly live stream. I'm going to set a [music] timer. I'm going to do the countdown. If you want the members only live stream, you got to have a membership. There's a lot of fun stuff we do over there. This is kind of a tease of what >> [music] >> uh of what we do in the members only live stream. We do a lot of stuff like this. Bill says, "I've been looking at getting into flare. Need a video explaining what you're doing." Uh Bill, we we [music] have that actually. Um and also there will be

more. And also Blues Guy has a YouTube [music] channel where he does that too. Blues Guy is the man to talk to about Flare. But come to the membersonly stream if you want like inperson [music] help, right, with anything specific once you start getting into it or if you have questions. [music] Um, you can chat in the membersonly stream with Blues Guy for a simple $2.99 a month. Okay, it doesn't actually cost you $2.99 [music] to chat with Blues, but we are moving to the members only live stream in 10 minutes. So, that is on [music] the schedule. Uh 00 said, "I got stopped out of my short." Yeah, I thought it might pump. Yep. Videos. We have videos on this channel, too. Um but also he has videos on his channel. I'm not sure. I know he probably

has more videos than I do, but he also is the videos on my channel. So, either way, yeah, if he says he got stopped [music] out of his short, let's go take a look real quick. Did it Did it rip? I was waiting for the model. If we're going to run back to like 78 or something, how'd you get stopped out of your short, man? You must [music] have had a really tight stop loss. That's awesome. Thanks, Melis. And again in 10 minutes [music] we are going to run into the members [music] only live stream where we will I don't know play some DeFi slots [music] maybe talk some more about flare. This is Chainers link in the description. Check it out. If you want to mine a little bit of B&B for free, can you be mad about

a little bit of free B&B? Who knows, years from now, that B&B might be worth something. So, you grow your plants in your farm. Now, most DeFi projects refer to it as a farm. They've gified it, which I think is a brilliant idea. And you build your farm up. So, then we sell it into a pool. This pool will end in an hour and 35 minutes. Sell that harvest. >> Blues Guy says, "You brother, thanks for your amazing streams." I appreciate that. Are you coming over to the members only today, Blues Guy? I bet you probably are. >> And the members only stream can be as short or it could be as long as possible, depending on who comes over and who wants to chat. It's for the members, right? [music] So, if the members come over and the

members want to kick it up, they can. I'll be doing some, you know, daily operations over there as far as free opportunities. [music] >> There we go. And again, I have uh some visions for a kind of like a game show to go with our >> our show here, our board game. And there will be giveaways and things to do and give away. I got some cool giveaways for you guys um coming up. Some of it some crypto, some of it some merch type stuff, some of it uh more like Bitcoin desk type ornament, stuff like that. It's going to be cool. You guys are going to like it. Said, "I might step in, but I got another crazy long day tomorrow." Totally understood. Like I said, the members only stream is for the members. So, if people are

busy and only a few people show up, then I get to spend very specific time with them. Um, it's just a really cool opportunity. I feel like if not, I'm going to do my due diligence over there and I'm going to hang out and do my thing. And if nobody has any questions, then we'll move on and we'll be back again tomorrow night. Just always building more and more value is [music] is the dealio there. And you get more than just members streams for your membership. [music] like those custom emojis, which I really want to make some more custom emojis, but I went into YouTube and was trying to make more and it it acted like it it wasn't going to let me add more, which is very weird because I know that the lifer has a lot of

custom emojis, so I should be able to put like a lot more custom emojis, right? Value City, baby says, "Plake Dogs." Appreciate you saying that. I assume you're saying I'm creating tons of value. At least I'm going to take it that way regardless because uh that makes me feel good >> cuz I do be working really hard. I haven't put out a short in a couple of days. I'm gonna get back on my two shorts a day. Sometimes I feel like >> I hesitate to put one out because then I know I got to be consistent again. Two shorts a day. I could just do one, but what's the fun in that? We do the morning motivational and then [music] you know we do like a blockchain IQ raising short in the afternoons. [music] Should come out at about

7. >> It's like an hour before the live stream. So if you see them like them and please drop a comment. Let it play like twice. They're normally like a minute long. So at least let it play through twice. greatly appreciated. Simple things like that are how you really help the channel. Dropping comments, showing up to the live stream, all that good stuff. And the more you help the channel, you got to remember our our channel is more of an advanced take on a crypto community. We will find out in time if that's a smart move or if I should continue to try to show people how to set up a blockchain wallet [music] for the rest of eternity because nobody can handle real crypto stuff. I'm cool with it. I'm cool with us being a more deeper niche

uh channel. I'm fine with that. All right, we're over a thousand. Let's let him take us out. See what we get for our farm today. Don't forget to press the like button. Yep, absolutely. Ozo using the Bitcoin brain emoji, which got a little squished for some reason. I got to fix that. Agree. Real cool stream to hang out and get that crypto IQ up [music] 100%. Hey man, I am just floored that you're enjoying it. Means the world to me. It's what I love. It's my passion. [music] It's very obvious I don't do this to make a bunch of money, right? One, I'd probably do [music] something else on YouTube. I do it because I love crypto and I love I love blockchain technology and I love being on top of everything going on, all of that fun stuff,

right? And I know there's people [music] out there that really value that. Basically, I built the show and am continuing to refine and build the show that I wanted to find. Cuz originally when I had this idea, I was like, "Surely somebody's doing this." And I could not find [music] anybody really doing anything even close to the show I was looking for. And so I was like, "All right, well then I'll go build it myself." And here we are almost 1,500 subs, which is a lot harder than you think it is. It's more like when you get, I don't know, 2 3,000 subs, things start to move a little faster. So, I'm told told by the people who have a lot more subs than me. Um, but to get to your first,500 subs or so is quite difficult because

YouTube doesn't really put you out there. It doesn't know who you are. Indeed, sir says, "Hey, I remember Value City store. I don't know what that is. anything we can do to help. Hey, Blues Guy has been crushing it on all the helping. Appreciate you. We are at a minute and 30 seconds till we move over to that membersonly stream. I'll see whoever makes it over there for sure. It's kind of almost better than like just ending the stream and I'm done and it's over. members only. Who knows what the topic of the day? People move over and they might want to talk in more detail or do some more research, detailed research into very specific topics that they alone care about and then [music] the members get to kind of choose and steer the show, right? I think

that's a really awesome idea. It is very demanding of me. I'll kind of leave it at that. Like I do have to do like a 2hour live stream and then another hour two hour live [music] stream but I would always do it for my undergrounders if the need is there. PTC still dumping she says. Okay. Oh wow. Yeah. Oo I'm sorry you got stopped out of that short cuz it's cooking and you're just in this range now. You can certainly see it. I would say move this down a little bit. When you break out of one direction of this, that's what I would take a long or a short. And stay underground, stay crypto. Thank you for coming to the show. We'll be back tomorrow, same time, 8:30 New York time, 8:30 p.m. that is. Look out for them

shorts. Later, everyone. Members only.