Episode Details
| Title | Hivemind: Ethena Founder, the GENIUS Act & Overvalued L1s |
|---|---|
| Date | 7/26/2025 |
| Podcast | Empire ↗ |
Key Insights
Bullish:
- 🟢 $ATHENA - Athena, currently at 6-7% market share in the crypto derivatives market, has potential to grow to 20-25% market share, representing $20-30 billion if the market remains stable.
- “Athena is still pretty tiny now relative to the whole derivative market. We're only, like, six, seven ish percent of the entire market. And I think, like, an end state, of that is we could be 20 to 25%, in total. So 20 to $30,000,000,000 if the market doesn't grow a huge amount from where it is now.” - Guy (0:00)
- 🟢 $HYPERLIQUID - 🔒
- 🟢 $STABLES - 🔒
Bearish:
- 🔻 $LAYERONE - 🔒
- 🔻 $CRYPTO - 🔒