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

We discuss:

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

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

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

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

https://substack.com/@nexusdata

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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.

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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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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.

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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 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.

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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 Dash, Janitor and Co-Founder at Paymentscan.

In this episode we’re discussing:
- Dune as the new frontend for data
- Onchain vs API data confusion
- Polymarket vs Kalshi data transparency
- Notional volume vs real volume
- Open interest spikes explained
- Sports dominance in prediction markets
- Data plumbing vs product narratives
- Crypto payment cards landscape
- Privacy tradeoffs in onchain payments
- Stablecoin usage across cards
- Cashback incentives and token risk
- Building Paymentscan.xyz

And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(04:57) Dune as frontend
(06:21) Onchain data confusion
(11:20) Polymarket vs Kalshi data
(17:22) Notional vs volume
(21:13) Data transparency tradeoffs
(21:35) Open interest spike
(24:31) Sports market dominance
(24:53) Crypto payment cards
(29:28) Public vs private settlement
(31:11) Payment privacy concerns
(36:17) Card usage metrics
(44:15) Cashback token incentives
(46:11) Outro
—
Content links:
Dashboard:
https://dune.com/datadashboards

Payments database:
https://paymentscan.xyz
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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.

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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.

In today’s episode, we're unpacking what’s really driving prediction markets and how to think about them as information and distribution systems, not just gambling venues.

We discuss:

• Polymarket vs Kalshi: onchain vs offchain tradeoffs
• Distribution advantages and partnerships
• Liquidity, market making, and arbitrage dynamics
• Why volume alone is misleading
• Sports betting vs long-duration markets
• Fees, incentives, and wash trading concerns
• U.S. regulation and launch implications
• Prediction markets as news and truth-discovery tools
• The long arc from Augur to today

And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(01:50) Prediction markets return
(05:16) Offchain vs onchain
(09:37) Kalshi distribution edge
(13:23) US legality questions
(17:50) Market timing mechanics
(22:19) Market creation debates
(30:19) API delays and arbitrage
(32:55) Liquidity and market makers
(34:27) User growth questions
(36:00) Prediction markets as news
(39:11) From Augur to now
(40:07) Outro
—
Content links:
Dashboard:

https://dune.com/datadashboards/prediction-markets

https://brier.fyi/

https://calibration.city/calibration

Slides: https://bit.ly/45Hlzxa

—
Content links:
Jobs board:

https://bit.ly/4sEVMj3

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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.

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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.

In today’s episode, we discuss Vitalik's recent comments on zero-knowledge technology and the scalability trilemma. The three of us unpack what’s actually changed since 2017, how advances like data availability sampling and zkEVMs reshape Ethereum’s execution and verification model, and whether these developments meaningfully alter the decentralization–security–scalability trade-offs.

We discuss:

• Ethereum’s original scalability trilemma
• Why the trilemma existed in 2017
• Ethereum vs Solana trade-offs
• Decentralization vs throughput
• What data availability sampling really does
• BLOBs, L2s, and scaling Ethereum
• zkEVMs and execution offloading
• Prover markets and new supply chains
• Does ZK “solve” the trilemma?
• Trust, security, and financial infrastructure
• Celestia, EigenDA, and DA competition
• Where blockspace actually matters
• Crypto data jobs and hiring trends

And much more—enjoy!

—
Timestamps:
(00:00) Introduction
(02:47) Trilemma explained
(05:23) Ethereum vs Solana
(07:28) ZK tech overview
(09:29) Data availability
(10:48) zkEVM execution
(12:54) Solving trilemma?
(15:03) Trust and security
(20:09) Stablecoins on Ethereum
(25:03) Celestia DA hype
(31:40) Crypto data jobs
(35:02) Job market outlook
(38:09) Outro
—
Content links:
Jobs board

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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.

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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.

In today’s episode, we’re diving deep into DePIN with Dylan Bane, Prince of DePin at Messari.

We discuss:

• What DePIN actually is and why it matters
• Hardware vs software DePIN models
• The major DePIN categories and leading protocols
• Compute, storage, connectivity, sensor, and energy networks
• Why DePIN is one of the few crypto sectors with real revenue
• Onchain revenue verification and credibility
• Who is actually making money in DePIN today
• Helium’s revenue, buybacks, and valuation
• Energy-focused DePIN as a 2026 breakout theme
• DePIN’s role in physical AI, robotics, and data collection
• InfraFi and financing layers built on DePIN cash flows
• Why DePIN may outperform

And much more—enjoy!
—
Timestamps:
(00:00) Introduction
(05:06) What is DePIN?
(10:12) DePIN categories
(18:25) DePIN revenue today
(23:40) Onchain verification
(29:38) Who makes money
(34:52) Helium economics
(41:23) Energy DePIN thesis
(44:39) Robotics and AI
(46:53) InfraFi opportunity
(48:16) Outro
—
Content links:
https://depinpulse.app/

https://stg.depin.ninja/
https://x.com/hosseeb/status/1877009623250792892?s=20

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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.

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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.

In today's episode, we're reflecting on 2025.

We discuss:

- Are blockchains ready for real world adoption?

- TPS vs throughput: what matters more?

- Solana’s pressure test via $TRUMP

- Agentic trading platform Hype and AI bots in crypto

- Uni unification, Morpho vaults, and the Aave governance controversy

- Prediction markets take center stage: Polymarket and Kalshi

- Perp DEX explosion post-Hyperliquid

- Stablecoin supply: Ethereum still leads

- Revenue across chains: Hyperliquid dominates, but Solana and Tron surprise

And much more—enjoy!

—

Timestamps:

(00:00) Introduction

(01:00) Are blockchains real-world ready?

(05:06) TPS vs throughput needs

(12:05) Decentralization vs scalability tradeoff

(20:06) Solana’s $TRUMP stress test

(25:25) Agentic trading bots rise

(27:34) Uni unification and DeFi

(33:02) AAVE front-end fee fight

(34:07) Morpho vaults and risks

(40:15) Rise of prediction markets

(45:10) Stablecoin supply by chain

(47:58) Revenue leaders: Hyperliquid, Tron

(52:34) Solana app revenue dominance

(1:01:31) Outro

—

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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.