Equity Perps, Uniswap Buybacks & BitTensor's Decentralized Inference

<p>In episode 21 of Messari&#39;s Fully Diluted, Alex Beaudry is joined by analysts Hayden Booms, Dillon Shirley, and Qorban Ferrell to break down the most important moves happening across DeFi, derivatives, and on-chain AI. The team dives deep into Hyperliquid&#39;s HIP3 markets, Uniswap&#39;s fee switch expansion to L2s, and the rising Venice AI (VVV) controversy.Dylan brings real volume data showing that Hyperliquid&#39;s HIP3 markets — led by TradeXYZ&#39;s equity and commodity perps — have become a legitimate venue for weekend price discovery, with Bloomberg now paying attention and 90% of weekend directional trades proving correct. The team debates whether pre-IPO HIP3 markets can compete with Polymarket, and what revenue sharing or synthetic ownership mechanics would need to look like to drive meaningful volume.<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=33s" target="_blank" rel="ugc noopener noreferrer">0:33</a> - Introductions<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=102s" target="_blank" rel="ugc noopener noreferrer">1:42</a> - HIP-3 Market Overview<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=714s" target="_blank" rel="ugc noopener noreferrer">11:54</a> - Uniswap Proposal<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=878s" target="_blank" rel="ugc noopener noreferrer">14:38</a> - UNI Token Impact<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=979s" target="_blank" rel="ugc noopener noreferrer">16:19</a> - DEX Competition<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=1342s" target="_blank" rel="ugc noopener noreferrer">22:22</a> - Venice Project &amp; AI Privacy<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=2159s" target="_blank" rel="ugc noopener noreferrer">35:59</a> - On-Chain Activity<a href="https://www.youtube.com/watch?v=PpnaCbcYQFg&t=2384s" target="_blank" rel="ugc noopener noreferrer">39:44</a> - ConclusionFollow Messari on Twitter: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa0E0YU01RmVFZHAtVjhuU2Z1cHJ1ZlZQS0Ztd3xBQ3Jtc0trVFNmZTJ1WTE4YTlNNVFNZHh4YVJscUhSYWpKVUs2WFZ4WGt5S1YtemZPS00zQVFSVHdncHdDa3FUY2h2LTQzSmZ2cGJxSFJrQ2NsV0NiTmxWVkU4TzF4eHY0ZmtLckpEd0pJYmlCNThobC16MkNkZw&q=https%3A%2F%2Fx.com%2FMessariCrypto&v=PpnaCbcYQFg" target="_blank" rel="ugc noopener noreferrer">https://x.com/MessariCrypto</a> Follow Fully Diluted on Spotify: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa2NEUWlSUVlPeDBlN