Podcast Summary
In this podcast, the host interviews Keoni Han, founder of Monad Labs, discussing the overlap between high-frequency trading (HFT) and the crypto space. Han explains how Monad aims to scale the Ethereum Virtual Machine (EVM) and decentralized apps through pipelining. The conversation also covers the potential of on-chain sports betting, the challenges of the current crypto market, and the future of decentralized exchanges (DEXes).
Key Takeaways
Monad Labs’ Mission
- Scaling the EVM: Monad Labs is working on introducing pipelining to the Ethereum Virtual Machine (EVM) to help it scale and allow decentralized apps to scale as well. Monad is fully EVM compatible and focuses on architectural optimizations.
- Seamless Redeployment: Monad aims to allow developers to redeploy existing applications from Ethereum or other blockchains onto Monad without any code changes, pushing the space of decentralized apps forward.
On-Chain Trading and Betting
- On-Chain Sports Betting: The podcast discusses the potential for on-chain sports betting and the opportunity to compete with traditional sportsbooks’ high take rates. A decentralized exchange (DEX) would be well-suited to facilitate on-chain sports gambling due to its permissionless nature.
- High-Frequency On-Chain Trading: The challenges of high-frequency on-chain trading due to gas fees are discussed, highlighting the need for more cost-effective solutions. The future of the trading landscape and the importance of user acquisition for building successful exchanges are also covered.
Future of Crypto and DeFi
- DeFi’s Power: Despite regulatory challenges and a pullback in the crypto space, the guest believes that the decentralized finance (DeFi) sector is still powerful from a tech perspective and is focused on building scalable solutions and better applications that provide value to everyday users.
- Building for Widespread Usage: The goal is to create infrastructure that supports widespread usage and provides financial and gaming rails for the whole world. The guest expresses excitement about showcasing the work of their team over the next six months, including preparing for mainnet launch, introducing new features and optimizations, and partnering with ambitious builders to create consumer-grade applications.
Sentiment Analysis
- Bullish: The guest expresses optimism about the future of DeFi and the potential of on-chain sports betting. He also shows excitement about the work of their team over the next six months, including preparing for mainnet launch, introducing new features and optimizations.
- Neutral: The guest acknowledges the current challenges in the crypto space, including regulatory hurdles and high gas fees for on-chain trading. However, he emphasizes the importance of having conviction, logic, and vision to stick it out and work towards a better future.
