📺 ROLLUP: SHIB | WorldCoin | Twitter, Reddit, Disney NFT Platform | Facebook Meta

hey guys happy fourth week of october this is the halloween edition of your weekly roll up david how you doing it's dark over there i can't see you right now yeah they're doing the viewers on youtube are confused as to what's going on and why there's a blank screen in front of them should we do it this is not a mistake right no that's not as much tell them what we're about to tee up what's okay so well i've got my costume on a costume we were supposed to wear costumes yeah we're supposed to wear costumes you forgot your costume well no dude so i knew this i knew you were planning something big okay because when i tweeted you and asked about the uh the

roll-up agenda you tweeted me this picture of you and somebody who is like in your apartment applying makeup to your face so i have no idea what i'm about to see but here's my guess david i think that i'm going to see you as a rendition of your punk okay that's like my best guess i feel like all the hints you've been dropping over the past few weeks i've been pretty explicit about it okay maybe you've been explicit but you have no idea i have no idea i even dressed up yeah you don't know where i've been just playing you this

whole time you don't know whether you're going to see crypto punk on the other side i think you bought a 15 amazon uh ninja turtles uh costume which you are currently wearing does that sound like me yes does that sound like something i would do you're saying i would cheap out on like my nft i would never do that premium nfts all the way so we're going to do this reveal yep we're gonna do this live i've never seen david i haven't seen racine okay all right all right ready three take off the lens cap one here we go

oh my god [Laughter] oh my god david oh my that's a little bit more tell me what i look like i'll tell you what you look like okay yeah you look like a ninja oh wait wait wait it's not done you wouldn't you bought your first ever cigarette to have that right now didn't you why'd you know dude i went to the gas station this morning and i'm like give me a pack of cigarettes and they're like what kind i was like i don't i don't know the ones that you smoke

all right so yeah you are certainly a a ninja turtle well actually i think you're just a turtle with with uh a blue blue eye mask on and now you have a cigarette yeah let me show you what i am have you spent time like looking at this look hey that's a pretty good costume that's a pretty good costume yeah it's pretty identical it's pretty good you did a good job you did a good job oh my god okay you look like hershey i see the colors you know you got definitely some whiter

face there's a little bit of a mime oh god i can't sorry i can't do this with a cigarette and put the cigarette down cigarette's over a little bit of a mime vibe no no dude i see okay i see the smile now mm-hmm i see the smile going down okay i see the pixelation i love the hat this is good david yeah it's good man that's your favorite good shout out shout out to haley for putting on makeup on me for my first time ever this is my first time ever wearing makeup that's what i got it's awesome so are you gonna do this again like for actual halloween

or is this just for the shows this is just special yeah i know i got to do it tomorrow too uh i'm doing a layer zero with griff green after this and so i have to like take take it off or else he's just gonna you won't care just do it okay you are your punk today i am my turtle nft my tiny turtle nft and that's just how it is it's halloween they were doing a window washing in my apartment so they had to come into my apartment so i just opened up my door to like talk to the facilities people and i just was wearing this my crypto punk on my face oh my god all right then well uh let's

dive in then this is going to be the same roll up right all of the quality you've come to expect except david and i are nfts today so like we're taking this extremely seriously this is the most serious yeah why would we joke about crypto it's the most serious thing on the planet i can't tell if you're smiling anymore i'm always i'm always smiling i'm always smiling everything's funny today all right guys uh first thing before actually what are we gonna cover today david i think there's three things we got to cover uh first is shib what is going on with his dog it's going nuts all right that's gonna

be a big news item also disney nfts are coming question mark disney finally getting in the nft game i feel like somebody tweeted this out i might have tweeted this out a month ago like disney where's your nft game they have so much ip they're getting in coin what is this yeah they listen of course world coin what is this thing it's a new monetary system you actually you know plug your eye into an orb and get coins is that how this works we're gonna dive into all three of those news topics um of course guys we try to cram as much of crypto as we can the week in

crypto in your brain in approximately 90 minutes sometimes we go a little bit over we're not always successful with that but uh before we begin gotta give a shout out to our friends and sponsors at pull together because they have released something pretty awesome that the bankless community should know about and that is v4 of the pull together pools this is a no loss lottery so it has lottery in the in the in the word because you can actually win stuff every week they're giving out a million dollars in prize but the no loss piece makes this a bit more like a savings

account so you put savings in you can't actually lose you have an opportunity to win every single week you win prizes uh and effectively you keep your principal pretty awesome what else is special about version four david yeah you the low gas fees on polygon are an absolute treat and the best thing about v4 is that all of these pools that are spread across all over ethereum are now linked together uh and so they're all one gigantic pool or at least a few fewer number of pools uh i think just uh just four now and so you can actually enter

these pools from different parts of ethereum and so if you don't like gas fees because who does you can just go to polygon and and enter in the pool there all right that's awesome thanks to pool together for letting the bankless community know about that uh cigarettes got to go out of my mouth again okay dow punks as well that this is a project that's kind of a spin-off from bankless dow they're doing some minting that's coming that's starting tomorrow i believe actually today and tomorrow depending on if you got in the pre-mint or not i think these are really cool david what's going on here with dow punks yeah it's the first nft project

that is associated directly with a dow uh as we know bank list owl is actually one of the biggest dows out there and there's only a one thousand one hundred and eleven dow punks as well and they're they're pretty dope they're the most realistic looking versions of like profile picture nfts that i've ever seen they're actually humans wearing a tire wearing krypto swag uh and so if you uh are playing in the nft profile picture nfc games uh maybe dow punks might be for you i know i'm gonna get one not only that david do you know you actually get a shirt so this is going to be like

whatever nfd you meant you get a shirt print out of the nft as well it's pretty awesome so it's like a tie into the real world too i mean i'm super excited people know that i like to have the physical relationships with my nfts so i'm very very i think today proved that if anyone doubted david really likes the physical relationship of his he's becoming his nft so anyway i'm in my punk my punk is me i think 111 or something they are minting so if you're interested go check that out as well all right man let's get to the markets

uh what is bitcoin telling us this week we higher we lower what are we looking at uh well we ended last week at the high the new all-time high last week and so it's actually been a down week for bitcoin even though it's it's crazy that we are down seven percent on the week in bitcoin and we are still above sixty thousand dollars that is just fantastic we started the week at sixty three thousand dollars hit a low of fifty eight and a half thousand dollars the high of the week was sixty four thousand dollars and we are currently at sixty one thousand dollars there you go still still good for bitcoin so good even though down week

but it's uh it's been a healthy month that's for sure how about ether price of ether what are we looking at ether up one percent on the week start of the week at four thousand one hundred dollars hit a low of three thousand nine hundred and fifty dollars hit a high of four thousand three hundred dollars and we are currently clocking in at four thousand two hundred and twenty dollars again up roughly one percent on the week that's cool man i thought we were gonna get rugged on uh on uh what was this uh wednesday mm-hmm it's like did you see that massive liquidation yeah oh yeah yeah there was a business yeah ftx or something somebody got liquidated

for like 130 million dollars worth of yeah the price of ether on binance i think dropped to like 300 dollars inside of a single candle and then popped right back up caused a bunch of liquidations uh i think people were probably pissed off at that because people got liquidated before they were actually supposed to yeah i saw one like monster wreckage uh liquidation i've never seen like 130 million dollars or something anyway uh good to clear out some of that leverage that foliage and continue the bull run that's where i think we're headed david continuing the bowl around this corner okay what's the ratio looking like because that's an

interesting indicator as well we'll run spirits yeah again ever since the bitcoin etf the bitcoin ether ratio has been up in ether's favor so we're up to point zero six nine on the uh this week i think we ended last week at point zero six four so still again still in that same range that we've been in ever since may but again also painting higher lows with ether versus brick and having a really strong performance there is that counter-intuitive to you would you think that like bitcoin etf would uh reflect in the ratio and eth would be

down relative to bitcoin because the opposite seems to be happening right now yeah if we want to put on like the trader narrative hats right now like they're the momentum behind bitcoin after it got its bitcoin etf like traders piled in because oh bitcoin's getting the etf it's gonna pump traders pile in it actually does pump because traders pile in but then like the buying pressure for bitcoin after the etf just didn't come and so then it fell down below it's it's all-time high and then people are starting to in my mind people are rotating into ethereum because like if bitcoin didn't have the energy to

sustain itself but you know what does proof of stake is coming the merge is coming like all the same reasons that people are bullish on ethereum nfts are eating the world and so like i think there's a rotation into ether right now coming out of most of the other blue chips crypto blue chips the equivalent of three happenings people have called this the triple happening right because it's like the equivalent of three bitcoin happenings and ninety percent supply reduction is coming within the next six to nine months so maybe that's starting to get priced in a little bit although i feel like if that was really priced in we'd already be a whole lot

higher right but uh this is good news david i i checked this right before we uh we jumped on and d5 pulse index total locked value in d5 is still above 100 billion my friend two weeks in a row first ever time we've had two back-to-back weeks over a hundred billion pretty exciting to see yeah i've actually uh i think d5 pulse is actually starting to lag behind with a lot of the uh integrations of other apps so there's another website out there called defy llama that other people are using and

according to and i tweeted out like hey a billion dollars locked in defy like when we cross one billion dollars locked in defy all of crypto tip twitter absolutely blew up when we crossed a hundred billion dollars in defy like it was just dead silent i think it's actually just because like d5 pulse is one way to count locked in defy if you go to defy llama we're actually already at like 170 billion dollars excuse me 240 billion dollars it depends what you count right it's like i i actually appreciate d5 pulse and i'm glad we're like using it since the beginning because it's like a a standard metric

right because like um i don't know what defy lama counts or these other uh tlv um but like if they're counting stuff that's in binance i don't know that i'd count that right right like why would you count that i mean like do we count all of the you know um liquidity that's custodied on binance itself where on coinbase or at like on gemini i mean so there's again what's the definition of of d5 so at least with d5 pulse it's consistent but like i take your point i'm not sure that all the projects are reflected here we might be uh above this but i actually

appreciate that um d5 pulse is a bit more rigorous than uh than some other sites myself but i guess it's debatable um all right let's talk about the d5 pulse index which is a measure of the value of blue chip defy tokens there's a whole bunch of good defy blue chip tokens inside of this thing what are we looking at on the week yeah start of the week at 342 hit a low of 324 hit a high of 380 dollars and we are currently at 344 dollars overall up just

under one percent on the week so mostly flat well actually i'll actually extrapolate the same exact thing i just said about uh d5 pulse and total value locked dpi as an index for defy it it's actually missing a lot of like the newer tokens like the rari token the ohm token the toke token talk about that aren't we yeah i talked about that in releases a little bit yeah because i think there's some solutions coming down the pike for that 100 um yeah but and and then also like i will say that my point zero one or my point one three bottom call for dpi versus eth i think it would have been sustained it had dpi had ohm and

toke and all these other like newer tokens so like oh i will say that i think i think i could you know eke out a victory here david's gonna go back in time and retrofit the data and see and see if he was right using the right data of course but uh let's look at this at least it's consistent over time so dpi to you eth the index down again on the week where are we hanging now oh it's on that same linear we're at it's the same rate of downwards that has been on the weekly roll up for the last like four months we are down on the week it's down is that

0.082 it's just down it's just like there's this narrative now that d5 can't really compete with eth because ethan is like sucking in all of the value ultrasound eth and this is um a year ago at this time it was the exact opposite interestingly enough everyone said heath was dead and like d5 is the breakout application but ether as an asset would not accrue value it's funny how it's the exact opposite right the exact opposite 12 months later and i think i said this last time but i'll reiterate it we're used to seeing indexes in the stock market etfs like just go up up up

against the dollar and like the take is that well that's actually just a dollar going down in value not the etf going up in value the take here is that like well we have ultrasound money that's supposed to get more uh scarce as the economy grows and so where like legacy dollar etfs go up in price because the dollar is going down defy indexes go down in eath price because eath is going up i think that makes a ton of sense that's the thing that totally screws with your mind we talked about this a little bit last roll up is like it all depends on what you denominate

things in doesn't it like if you're denominating in dollars it's very different than denominating an ether denominating in bitcoin or even denominating in gold and when you start to change the denomination of your net worth your wealth it totally flips things on its head because yeah i mean are you actually making money if dollars are just going up uh not necessarily anyway uh okay let's talk about the bed index which is a third a third a third bitcoin eth and dpi all three of those

smushed together how are we looking at on the week yeah start of the week at 172 hit a low of 157 hit a high of 180 and currently clocking in at 172 again uh up a little bit under one percent on the week so flat this is why i like this index because it's like it's like kind of balanced yeah it's the turtle of indexes you know just slow and steady wins the race my friend all right and i mean that in the best of ways obviously okay of course you do of course uh look

huge milestone for uniswap we're talking about numbers and markets over the weekend uniswap protocol passed 500 billion in total trading volume since its launch in november 2018. three years 500 billion dollars look at this look at this curve up slope up great chart great looking chart every time we talk about unit swap hitting these numbers and like a 20 it's a 20 person team you know like three years i am blown away that no one is talking about this

yeah like why isn't cnbc talking about this why isn't this the startup of like the year like this is a an incredible story about how fast this growth has been it's beyond like blitz scale growth and i still feel like no one's talking about it so it's because no one knows how to talk about it like no one is just talking about so that's so brain breaking that like legacy media companies are just confused god i mean why don't they invite people like us on cnbc i mean like serious people like us very very legitimate people who take their

job extremely seriously why don't they put us on air i don't understand this a cnbc if you're watching dave and i would love to come on your show and even put on as pictured as pictured i won't put on a tie oh my god i'll just put on a tie over my turtle cops another big day for polygon hitting some milestones they just crossed a billion transactions processed in the polygon proof-of-stake chain this is just the beginning says mahalo who is one of the co-founders of

polygon they're just continuing to crush it on pretty impressive growth there and he takes congrats to polygon on the polygon team i guess it's the market week of cumulative transactions here one billion transactions is a significant amount uh and this just illustrates uh why we need layer twos layer twos are required for you for adoption and usage three comma club you know uh so i watched the um your bitcoin debate versus eighth debate i don't know if people caught that but it was great for me to sit in the audience david like i really i enjoyed it like it was literally popcorn time for me while you

were making your turtle turtle uh yeah i was stitching it this is not like i didn't buy this on amazon at the store i stitched this together by hand well i was listening to you debate bitcoiners anyway um one of the points i think one of them made at one point in time was like um well look at like look at all of these other chains like a polygon for instance someone's mentioned polygon more transactions than ethereum at this point and i wanted to stand up while i was like stitching away on my turtle shell and just be like that's how it's supposed to work right right

like more transactions should go on side chains and layer twos and ethereum should be for highly economically dense transactions settlements it's a settlement layer it's for settlement yeah right uh which is what they broadcast is what bitcoin is bitcoin is for example exactly yeah exactly i don't understand why anyway um that was a good episode guys by the way if you can catch that go go catch that um also justin drake uh team ether was me and justin drake team bitcoin was dennis porter and munib ali yeah absolutely and it even matched

because i had like one tech guy one money economics guy on both sides i thought it was an even match it was a lot of fun uh anyway uh all right we just passed we just passed eight million eath staked a million east staked a quarter million validators staking on the beacon chain uh ethereum developers have uh talked about how they want to see a minimum of 10 million ether staked to the beacon chain in order to consider ethereum secure and we are approaching 10 million ether and we haven't even merged yet that 10 million ether number is for after the

merge not before and we are already getting very very close to that so that's pretty cool another memory lane thing right like a year ago everyone was debating enough steak we needed like half a million eath in order to launch oh yeah are we gonna make it i don't know here we are 8.3 billion 8 million 8.3 million ether earning 5.4 percent in ether terms 5.4 in ether 250 000 validators um i know you have a take on that later we'll get to that uh okay let's talk about

this number as well so this is justin drake your debate companion one billion per day in ethereum fees might not be far-fetched he says okay that sounds astounding only that's only though 16 million per day per shard with 64 shards okay a single shard today which is the main chain that's the monolithic chain that we have in place already does a hundred million per day so if you just assume

64 shards doing a fraction of that 16 of that each of them doing sick an average of 16 million per day you get a billion dollars in ethereum fees per day which would that be like i guess that would be another 10x yeah just just one more 10x and honestly like what's a single 10x in crypto like we eat 10 x's for breakfast and like the the whole the two what would a billion dollars per day mean david it was sick and well so like we were talking about there's eight uh 8 million 8.3 million

ether being staked to a quarter million validators on the beacon chain that means that like 70 30ish percent of that one billion dollars actually starts going to those validators actually starting earning the fees and so the the incentive to actually spin up a node just like blossoms because of the fees are going to the validators so more money more fees being paid to the validators means more security which means we spin up more validators which again we will revisit put a pin in that because more validators means cool things happen we'll talk about that later

it also means ultrasound money i think of how much we're burning in in this case a significant amount 700 million dollars worth of eath a day oh my god i tweeted i tweeted this out too because i you know okay it's riff on justin drake's tweet but here's the tweet some of you guys keep forgetting blockchain sell blocks that's literally the product someone responded and said yeah duh but like i feel like this is a simple fact that a lot of people forget the whole entire industry is based upon this yes blockchain sell blocks that's what

they do okay that's what they do that is their product i apple sells iphones okay google sells advertising and eyeballs facebook same thing what do blockchains sell they sell blocks that is their revenue so if you want to look at the healthy successful products that have product market fit look at how much revenue they're driving from the sales of their block space okay ethereum over the last seven days do you know what it was david 10x bitcoin

in terms of the sales volume of its block space the product that it sells is valued at 10x the value of bitcoin block space and nothing else is close nothing's close to bitcoin in terms of the value of its block space okay people forget this simple fact but everything falls out from this economic security uh ultrasound money falls out from this like the the monetary premium that your asset is able to command the it's the proof of product market fit

it's like the security it's the decentral everything falls out of the fact that blockchains sell blocks so if you want to find the winning blockchain sell or find the blockchain that is selling blocks for the highest amount of value it's that simple what blockchain has the highest quality product and you can tell that by seeing how much people are willing to pay for that block space uh with the crypto world we unlocked the power of immutability uh where we we can make data immutable and we use this

immutable data to make immutable transactions because what's more valuable than uh money bid so if we have like this the most uh valuable kind of data we've ever been able to create which is immutable data and the amount of immutable data that we can create is constrained by the system that produces blocks but blocks sell immutable data that's the thing a blockchain does is like oh i have this much amount of immutable data for sale and a blockchain that has that immutable data actually valued by the market we'll see block

space actually consumed and so many many blockchains are out there can sell block space but the it's the quality of the immutability and the utility of that block space that determines the price for it absolutely take it from the turtle take it from the punk folks we know what we're talking about [Laughter] absolutely all right guys we will be back with the hot releases of the week but before we do we want to thank the sponsors that made this episode possible matcha everyone's favorite decks aggregator has just launched an open beta for gasless trading so if you're

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involved in governance all right guys we are back with the hot releases of the week david let's start here it's not quite released but it is in the process of being approved by the index co-op this is maybe an answer to the defy index problem that you were talking about capturing some of the smaller cap up and coming d5 protocols this is called the gonna make it index the growth index gmi uh and i think some folks from the bank list dow proposed that this along with

folks from the index co-op and it's basically a i guess lower cap version of the d5 pulse index with a whole bunch of different almost like we've called these before d5 2.0 type protocols so unpack this for us what's in the going to make it index when is it going to be released yeah so there are many uh actual teams that we've actually talked to recently that have tokens here so we we talked to olympus dow so the ohm token is in here we've also recently talked to the token mac team the toke tokens in here uh perpetual protocol the

perp token the dydx token a visor flx and a very large number of others rarity the governor's token of rarities in here uh and these are like the it's just the newer defy tokens and there's actually um a rule in the dpi index that you have to these tokens have to have a certain amount of age to them but that's actually kind of uh as you know that's optimized optimized for for one thing but like a lot of new things on alpha and crypto comes from newer stuff and so they are making the uh the gmi index to capture the newer things that are about

d5 yeah i love this i think it'll be a good compliment right so you could own the bed and then you can own a portion of something like this and that's kind of like all you need um let's talk about this the across protocol has just been announced i i think this is announced for release this looks to me david like another bridge so this uh looks a little bit like a hop or a conex and this is uh across what what are these guys doing no that's exactly right cross l2 uh protocols for asset transfers this is a huge industry

so just another way to get across your your money from l1 to l2 l2 to l2 l2 back to l1 or whatever thank you bridge builders yeah literary bridge builders yeah yeah let's talk about this uh argent is one of my favorite wallets has been for the user experience but i think adoption has been slow because of maintenance gas fees and it's been built on uh ethereum now i don't think they wanted to compromise by going to like a side chain of any sort right like argent has always been like let's be bankless a

bankless wallet it looks like they are coming to starknet though this is of course a zk powered uh roll up which is pretty cool um so this is arjun the wallet and then starknet for computation account abstraction so stark net speed plus argent wallet ux equals rocket ship pretty cool uh i haven't seen anything here yet but i know this was in the in the in the works from argent so i'm looking forward to uh to seeing this out in the wild i don't know when it's coming do you have any more details yeah the the world of smart contract wallets

of which arjun is the the future is ultimately smart contract wallets we just have to get there and the world is smart contract wallet is hamstrung by the l1 by the nature of it being slow and expensive um smart contract while it's on layer twos are going to be wallets with superpowers and so i know we're all frustrated about like the metamask ui right now and just like the lack of wallet infrastructure the wallets will take over the world with smart contract wallets on l2 you heard it here on bankless when vitalik talked about this on an episode that we did

with him so if you want to peek into that information more there's a show available to you on that absolutely uh also new wallets are coming to the space this is the x-die wallet what's interesting about this xd5 xd5 excuse me not xdi xd5 wallet uh i think we announced this like two weeks ago or they announced it we reported on it in the weekly rollup what's interesting now is it looks like they're going to have a token associated with this wallet um one conclusion that one implication of this i think is this is probably going to cause a token

rush in the wallet scene right so when metamask tokens token we saw this with sushi right so sushi copied uniswap and then released a token and uniswap didn't plan to release a token decided it had to release a token in order to fight back maybe we'll see something similar play out with uh with metamask what are your takes here yeah it's one of those things where i don't actually necessarily think that xd5 wallet needs a token but tokens are like steroids right you just inject a growth community in into your application with a token and it's one of