Avi Felman

Avi Felman × Bryan Pellegrino

LayerZero now carries roughly $150 billion of assets and $10–15 billion monthly, positioning its messaging layer as institutional financial infrastructure.Zero and Atlas add finance-specific execution, with DTCC, ICE, Citadel, four or five major exchanges, and more than 20 front ends involved.ZRO’s proposed fee-and-buyback loop depends on launch and regulation, while faster transfers can shift rollback risk to solvers or counterparties.

Avi Felman × Scott Shay

Scott Shay argues Signature Bank had $34 billion in cash and liquidity against an $18 billion run, raised another $20 billion over the weekend, and was mark-to-market positive on March 1, 2023.The takeover’s cause and possible crypto-related regulatory hostility remain unresolved, while launched B2B venture N3XT holds deposits in very short Treasuries and uses a blockchain ledger instead of fractional banking.

Avi Felman × Se

Crypto is rallying on debasement, social trading, and RWA theses, while FOMO’s on-chain HOOD trade suggests attention can precede revenue recognition.FOMO’s 5–10% daily growth and $4 million creator payouts support an organic network thesis, but 94.4% of users lost money and scale remains unproven; monitor Bitcoin’s six-month-to-one-year catalyst and whether meme markets get solved.

Avi Felman × Andrew Chanin

Chanin launches thematic ETFs before narratives break: HACK went live November 14, 2014, almost exactly two weeks before the Sony breach.UFO targets space’s defense and scarcity trade, with reusable rockets and FCC constellation deadlines pulling launch demand forward.SpaceX’s post-IPO selloff may be healthy, while vertical integration, high-fee SPVs, and uncertain FCC flexibility leave competitive risks to monitor.

Avi Felman × Vlad Novakovski × Jonah Van Bourg

Lighter built finance-specific ZK circuits that it says require 1% of general-purpose compute, targeting lower cost, latency, and verification as decentralized venues challenge centralized exchanges.Its last equity round was committed as the final one, with all value accruing to the token, while on-chain options are planned for Q3 of 26 and regulatory treatment remains conditional on the Clarity Act and SEC innovation.

Santiago Roel Santos × Avi Felman × Jonah Van Bourg

Santi argues ex-Bitcoin crypto’s $1.5T valuation lacks support while active on-chain users remain around 40M, setting a 500 million-user threshold for taking the market seriously.The investable shift is from commodity blockspace to killer applications, with Inversion proposing to buy real businesses such as Western Union and route settlement flows through its own chain to solve crypto’s go-to-market problem.

Avi Felman × Jonah Van Bourg × Smokey The Bera

Berachain’s differentiation is an L1 incentive system that routes inflation toward applications and users: BERA secures consensus, while liquidity providers earn soulbound BGT that directs validator rewards.Proof of Liquidity lets applications compete for emissions instead of funding costly Pool 2 liquidity.Distribution remains the bottleneck: builder recruitment, capital concentration and the launch slate will test whether liquidity produces durable products.