Equity Perps, Uniswap Buybacks & BitTensor's Decentralized Inference

About this episode

The episode discusses key developments in DeFi, derivatives, and on-chain AI, focusing on market trends and controversies.

In episode 21 of Messari'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's HIP3 markets, Uniswap's fee switch expansion to L2s, and the rising Venice AI (VVV) controversy.Dylan brings real volume data showing that Hyperliquid's HIP3 markets — led by TradeXYZ'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. 0:33 - Introductions 1:42 - HIP-3 Market Overview 11:54 - Uniswap Proposal 14:38 - UNI Token Impact 16:19 - DEX Competition 22:22 - Venice Project & AI Privacy 35:59 - On-Chain Activity 39:44 - ConclusionFollow Messari on Twitter: https://x.com/MessariCrypto Follow Fully Diluted on Spotify: https://open.spotify.com/show/0uG5qpw... Follow Fully Diluted on Apple Podcasts…

People in this episode

Host: Alex Beaudry

Guests: Hayden Booms, Dillon Shirley, Qorban Ferrell

Topics covered

• DeFi
• derivatives
• on-chain AI
• market analysis
• cryptocurrency
• price discovery

Keywords

• Equity Perps
• Uniswap Buybacks
• BitTensor
• DeFi
• AI Privacy
• market trends
• price discovery

Mentioned in this episode

Organizations: Hyperliquid, Uniswap, TradeXYZ, Bloomberg, Polymarket, Venice AI

Products: UNI Token

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