Is Distribution Crypto's Biggest Moat?

The next phase of crypto won't be decided by technology alone, it will be won by whoever controls distribution and user experience.

This week, the team explores how competition is shifting across crypto infrastructure, from Bitcoin and Solana to perpetual futures, tokenized assets, and Ethereum's evolving leadership.

We discuss Strategy's changing Bitcoin playbook, Solana's surge in onchain activity, the race for perpetuals between Hyperliquid, Robinhood, and Binance, and whether Ethereum's new institutions can reignite its ecosystem. Enjoy!

TIMESTAMPS:

00:00 Intro

01:31 World Cup Recap

09:20 Crypto Markets Bounce

13:04 Saylor Clarifies Strategy

15:38 Solana Activity Surges

20:49 Solana Versus Hyperliquid

24:32 The Perps Race Is On

29:27 Is Distribution The Moat?