Markets Research @shoalresearch | @ucberkeley Economics
Joined June 2023
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Dom retweeted
As agents continue to drive economic value, new opportunities to build moats in the payment stack emerge. In our latest piece, we dive into how @circle is positioning itself in the agentic economy.
Marketing and the Creator Economy is way bigger than people think, THERE IS NO BEAR MARKET OF VIEWS
There is so many things within the Creator Economy that can be built....
Quantum Risk is a key conversation to be had now that we see players like Robinhood building BCs on networks like ETH, only going to see more of this.
A important question I've been thinking about recently:
What actually drives institutional adoption more in crypto?
follows regulatory mandates, risk-screening criteria, and compliance frameworks
or
liquidity, network effects, and raw transaction performance
Robinhood Chain first big traction is coming from meme coins....
memes seed the activity, RWA is the actual sell.
WETH is 61% of all ERC-20 transfer volume and meme tokens like cash-cat:native make up most of the rest.
The tokenized equities only take 0.27% of total activity. So the RWA product not where the volume is at.
RWA perps are a named 2026 priority and Base already has tokenization integrations live. Tenev flipped his line in 5 days:
"the future of crypto is in real-world assets... what's the benefit of a million meme coins"
now its,
"we're building Robinhood Chain to be the best chain for RWA, it works great for memes too"
Dom retweeted
Agents Will Run Their Own Businesses: Inside Laso, agent payment cards, and Agent Commerce
Shoal Signal with @huntermmonk, Founder at @lasofinance, hosted by @zaddycoin
We cover how Laso gives agents their own one-time-use cards to spend anywhere with no KYC, why self-sovereign spending is the through-line, where x402, @PayWithLocus and Policy stack fit, why the real prize is agents starting their own businesses rather than shopping for you, and the AGI risk that could make frictionless agent payments unnecessary.
0:00 Intro and what Laso builds
2:35 Why one-time-use cards work
3:58 Self-sovereign spending and privacy
5:43 What agents actually buy
7:35 Agents running their own businesses
8:26 How an agent gets a card
11:49 x402, Locus, and Policy
15:43 Reading radio ads on TV
17:47 Markets two through twenty
24:09 Rethinking agent to agent commerce
29:50 What people get wrong
36:52 The AGI risk to Laso
43:48 Defensibility and the risks
45:40 The agent bank account coming
47:27 Betting on agent entrepreneurship
49:02 Closing alpha
