In today's episode, we're joined by JW from Nexus Data Labs for a deep dive into the current state of RWAs, onchain data, and where real usage actually stands.

We discuss:

• JW’s path from TradFi credit to onchain analytics
• Building Nexus Data Labs and the legacy of OurNetwork
• The reality behind RWA growth vs headlines
• Why most RWA stablecoins sit idle
• The missing piece: DeFi composability
• Permissioned vs permissionless token constraints
• Tokenized funds, treasuries, and actual usage
• Prediction markets growth and Polymarket dominance
• Hidden revenue dynamics of stablecoin collateral
• Polymarket’s impact on Polygon usage
• Onchain data gaps and the rise of crypto data analysts
• The convergence of TradFi and crypto skillsets

And much more—enjoy!
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Timestamps:
(00:00) Introduction
(03:14) JW background, TradFi to crypto
(07:31) Nexus Data Labs vision
(11:05) RWA high-level overview
(12:25) Idle stablecoin capital problem
(15:01) Permissioned vs DeFi usage
(17:11) Why tokenization needs utility
(21:16) Institutional constraints, KYC
(27:03) TradFi meets DeFi data
(32:22) Prediction markets growth
(37:05) Polymarket revenue mechanics
(47:13) Polymarket dominance on Polygon
(01:04:21) Outro
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Content links:

https://x.com/JW_Seoul/status/2032104556335632786?s=20

https://x.com/NexusDataLabs/status/2035025715435819394?s=20

https://substack.com/@nexusdata

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https://x.com/NexusDataLabs

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https://x.com/sui414

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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

Subscribe/follow the show and leave a comment to help us grow the show!
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Today we’re joined by Andrew Hong, Co-Founder of Herd, Advisor at Archetype, and former Headmaster at Dune.

In this episode, we discuss:

• Leaving Dune to start Herd
• Composability in the age of AI agents
• Why crypto due diligence doesn’t scale
• Morpho vault complexity & operational risk
• AI agents for contract research
• Two-sided marketplace: protocols & institutions
• Hooks, adapters, and modular vault design
• Wallet policies & multisig risk management
• Institutional DeFi integrations (Coinbase, BlackRock)
• Agent-to-agent payments: hype vs reality
• Why crypto needs “boring” infra
• AI replacing crypto analysts?

And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(01:08) Leaving Dune, starting Herd
(03:16) Agent research inbox vision
(05:14) Institutional crypto adoption challenges
(08:16) From aggregation to operations
(10:21) Protocols vs institutions marketplace
(14:11) Mapping contracts & transactions
(21:48) One-shot integrations with AI
(24:32) Vault adapters & hidden permissions
(30:49) Security vs operational risk
(34:30) Uniswap hooks & modular design
(41:07) Agent payments skepticism
(53:12) AI replacing analysts?
(57:50) Outro
—
Content links:
https://bit.ly/4sgi1uT
https://bit.ly/4b8wt28
https://bit.ly/4rqEWlQ

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https://x.com/herd_eco

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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

Subscribe/follow the show and leave a comment to help us grow the show!
—
DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Today we’re joined by Luca Donnoh, Head of Research at L2BEAT, to dive deep into interoperability, bridging risk, and the hidden trust assumptions behind cross-chain assets.

In this episode we’re discussing:

- Luca’s background and path into crypto

- The L2 roadmap debate and Ethereum’s direction

- The new L2BEAT interoperability dataset

- Research goals behind the interop dashboard

- Lock & mint vs burn & mint bridges

- Intent-based bridging and counterparty risk

- Liquidity providers and bridge execution risk

- Canonical vs non-canonical tokens

- Wrapped asset systemic risk

- Multi-chain token configurations (LayerZero-style)

- Bridge exploits and historical failures

- The future of rollups, shared stacks & competition

And much more—enjoy!

—

Timestamps:

(00:00) Introduction

(01:05) Luca’s crypto background

(04:36) Latest L2BEAT project

(13:20) Rollup value proposition

(16:08) L2 roadmap hot takes

(20:22) Interop dataset overview

(23:19) Research goals explained

(29:45) Non-mint bridging model

(35:24) Lock & mint mechanics

(38:47) Non-issuer token bridging

(44:31) Bridge aggregator UX

(52:12) Risky token examples

(57:03) Multi-chain failure risks

(1:01:12) Closing thoughts

—
Content links:
https://l2beat.com/interop/summary
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.

Subscribe/follow the show and leave a comment to help us grow the show!

—

DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.