The End of the L1 Premium? | Hype, Venice & The Future of Crypto

The End of the L1 Premium? | Hype, Venice & The Future of Crypto

May 21, 2026 · 1h 14m

About this episode

The episode discusses the shifting landscape of crypto and its competition with AI and other sectors.

Crypto is becoming a stock picker’s market and the biggest winners may not even look like traditional crypto anymore. This week on The Hivemind, the team breaks down Hyperliquid’s continued dominance, Venice AI’s explosive growth, the collapse of the L1 premium thesis, and why attention and capital are increasingly flowing toward AI, robotics, defense tech, and private markets. They also debate whether crypto is still the most exciting opportunity set in the world or if the industry is enteri...

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Host: Delphi Media

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Organizations: Hyperliquid, Venice AI

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