[Music] let's take a deep dive into a couple of blockchains today one of course is going to be polygon and get into a real understanding of how this could affect growth in the future don't miss it my name is Paul Baron welcome back in Tech path I want to thank our sponsor today and that is coinbase if you're looking to get started in your crypto Journey maybe this is the first time that you've started to really understand what's going on with crypto we we' got an election happening could see a Market move and you're saying
Now's the Time to do it well sign up on coinbase all you have to do is visit coinbase.com future of money is here this is the most trusted place for people to go out and buy sell and use crypto uh and of course use our link down below you're going to get 200 bucks in crypto to get started so that's the first thing to do to get going I want to jump over to a little bit of news of course the prediction markets are all the rage right now Robin Hood of course has partnered in
on introducing their presidential election mark Market the company they're using is interactive brokers you can kind of see the interface right here not necessarily a lot of activity on it you can kind of see a little bit about what's happening in terms of the market in general I do want to go to a clip because it's talking a little bit more about this move and I I want to comment on this after take a look like he's beating most of the apps on the App Store really tell us what's happening how many people have you
onboarded uh we are now number one on the finance ab store we just overtook cash app which has had the spot for I don't know how many uh how many years now um and on the global app store I think we are just about to preach number 10 so we just overtook Facebook Uber uh uh Spotify and a few other apps I I think we're gunning for number one for the entire app store by election days you know you're announced there's more competitors coming out which is a good thing which I want to ask you
about yes what the implication of that's going to be for you no I think it's great I mean I think it's a bit like you know crypto 10 years ago you started seeing a lot of operators some good ones some bad ones and I think I think we need to differentiate between the unregulated players where you don't know who's trading and who's betting versus places like Ki which is Americans only fully transparent rep what's the difference between betting on Robin Hood for example using the interactive broker's derivative contract versus betting on your exchange oh we
have way many way more contracts we have much more liquidity so on there you can take maybe $10,000 on Calia you can take Millions easily without moving the price and if you look at a little bit here in terms of the liquidity it's about 86 million now granted that's a lot but it's not really a lot when you look at the size of poly Market poly Market of course holding liquidity right now of in the billions 2.5 billion right there in the liquidity so uh I think the key here is that poly Market is clearly
the winner now will Ki be you know in the game sure yeah we could have that but I think poly Market is the one to select now you think if Robin Hood was able to do this why wouldn't we see someone like a coinbase or others start to go in this direction and what would be used if coinbase was doing I can't imagine they would not use polygon or polym Market the potential of users also I think is dwarfed a little bit this is just the better data right here this is the prediction Market users
let me kind of zoom in on that and it's about 30,000 so imagine what the size of this is when you look at the app you look at all the different uh Solutions and people that are using this media companies Etc and then people in general like ourselves that are out there really talking about this so I think this is significantly larger in terms of the exposure that it's getting going forward here's an article that kind of breaks it down poly Market is a success for polygon everywhere but the bottom line and there's some reasons
for this within this right now poly Market has only brought in about 27,000 in fees on polygon's proof a stake blockchain one to look on the bright side paying only 20K in transaction fees frankly just reflects how cheap it is to use uh polygon proof of stake sure this is Boon this is their president talking about that but the attention is the value ad and that's what I think draws in the opportunity here because the attention that is being highlighted on poly Market does show well for polygon just imagine how this all plays into something
positive now it doesn't necessarily mean that this is working out on the charts that way we'll take a look at that in a second to kind of compare now Ki yes they've got certain sub sectors they might be number one but when it comes to True free apps right now poly Market by far the number one app out there including over all of the media Outlets including New York Times CNN I was surprised that ground news was on there that was very interesting I want to go to another clip real quick because this clip will
get into uh the CEO of Ki also talking about where is this direction going after the election take a look what do you do after the election with this platform that you've created so I think we we always think that these markets these prediction markets or any markets they Marketplace they need a critical mass once you hit that crit IC Mass they kind of work CU people share them the Press talks about them everybody uses them for well Eric Adams we have that market the outet as mayor of New York will Tik Tok get banned
next year will the boing CEO get fired you be come to use them as a source of Truth for anything and I think the election is sort of this Holy Grail event that gets you that critical mass do you think this is going to change everything you think all of a sudden we here's a real question do you think that we are going to start using whether mayor Adams is going to lose his job or whether Tik Tock as you said is going to be kicked out of the US and whatever that stat is that
we will be talking about that stat often times at this table in the future why not right I mean this is the whole part of the mission is like now when you're asking a question of will tto get banned who are we relying on to get that answer and for interest rates that makes sense because the Federal Reserve the fomc wants the market to not be shocked so they they are kind of reading engaging if the Market's not reading it the way they want they may come out and start talking ahead of time to try
and convince the market market so it's a slow and gradual so it's an interesting point and I think it's one that the Ki CEO made and that is that this becomes kind of the source of Truth now it's not that Ki would I think that in general poly Market probably wins this but there will be multiple markets out there that this is going to be available but I do think he is right that you're going to see instead of polls I think if anybody has to be worried it's all the pollers I think those are
done and especially if the data and the truth starts to continue to prove out on where these betting markets are going because they're always right that's the point of a betting Market eventually it boils down to the always right scenario but it gets there much faster and quicker in terms of giving us the information so one thing he said there was that it is a Marketplace of data and that's a very interesting point because when you look at data and how interoperability is a key thing within the blockchain you got to go in and look
at what's happening here this is entangle their ebridge now supporting polygon and within that I want to show a little a little bit of a clip here that we'll get into more detail but this will go into how Universal data is coming into this and what it might mean take a look but yeah so look UDF is universal data feeds as I mentioned before everything is a packet of data right so we are not only um focusing on the connectivity between every single blockchain whether it's ton Tron move chains Aptos sui salana e v m
ZK rollups Etc but we're also focusing on offchain so so I think for example predictions markets um they they're relying on data from external web two sources for example when the election kicks off when the winnings are paid it's paid based on data that's extracted from a new source or different sources offchain so for us Universal data is all-encompassing it's not only just onchain it's offchain and that can be delivered directly to smart contracts on any chain so it's interoperable across all blockchains and all external data sources the first iteration of UDF it's very visible
it's it's there we're going to keep iterating add custom data feed so if you want different types of data feeds and it's also very customizable this is just a a quick overview of what they're doing uh Native uh Native dap powered uh by Ingles infrastructure you can kind of see all the layers in there obviously polygon in there but there's many that could get into gambling gamei derivative protocols a lot of different scenarios that the blockchain is going to be able to provide this now granted how does this play out especially if you start to
apply AI mechanisms within this we could start to see a new quality level of data coming from blockchains all being uh pretty much you know Diversified in the sense of especially if you look at what poly Market has been able to do so far and they are leaning in on a lot of these web two sources so I think that's where we've got got a big opportunity here for um you know just kind of the flexibility of what this might bring I want to go over to another thing here's the road map L2 rollups also
out into q225 so it's going to be accelerating pretty pretty quickly I imagine Ai and of course you can kind of see the liquid dpin and AI right there out on the outer portion of the road map so lot of opportunity here for sure all right taking a look at defi llama this is just in polygon in general and looking at the total value Lo locked in but it looks as though poly Market itself is going to flip a so this will be quite a move overall now how does this translate to madic and polygon
as a whole I shouldn't say madic I should just say pole uh within that all right so let's break down defi llama so we've got uh stable coin sitting in here on the blue line green line coming in on price and then this lower section right there volume let's zoom in on that because I want to show you something quickly over here so you can see uh kind of where this is going so volume is rising right here but price isn't moving see right there but if you go back here into early 2024 price started
skyrocketing right there as volume did as well so are we in this phase right here where volume is starting to click up that is the question mark and remember stablecoin of course is exploding right here so the only thing really missing right now is price accommodation for uh Paul as a whole if you look at Cross chain polygon is holding an 82% share of this so that's about 13 million accounts so yes there are some movements with base and all of that but right now polygon's still the number one all right one other thing I
want to take a look at is real world uh consumer tokenized assets and that would be under something called Courtyard we've showed this before on the show and if you look at the growth of Courtyard right here and remember tokenized assets for a consumer are mostly they could be trading cards other assets that eventually get into it sports cards all sorts of things Collectibles Etc that will play into this and of course Courtyard has been one that has been very successful in terms of growth Pokemon cards is what they kind of showcase on it see
the growth right there and understand that this even though it is Pokemon but the point is is there's a lot of others that are out there that potentially will be growing almost as quick if not quicker so there's a big opportunity here when it comes to tokenized assets for consumers in this kind of scenario to of course Courtyard playing a big role in that here's a good example right here on Magic Eden there's Courtyard number two Trump digital uh trading cards number three all of this and remember that Trump's cards on polygon that makes it
very interesting for could this be the number one token that is recognized by the future president if that in fact uh is going to occur good example of that would be well there is polygon undervalued because you got Ryan celos right there and who is that oh that might be the polygon team Trump's very transactional they he understands it this way so could it be one of the key tokens and one of the key projects out there that benefits from a trump win another thing that's happening right here is the agair summit and this of
course is called the aggregation Summit happening in November a lot going to be going on there so we could see some big announcements uh coming from this event much like what we do on a lot of these all of these events so timing could be perfect for uh Paul the token especially as its prices continuing to be suppressed here so definitely something to watch so here's the agare ecosystem notice one thing right there Wilder world right there in the center you're going to see uh we could see an announcement and of course here's Frank talking
a little bit right here get ready could be uh something big happening at the agler so we'll take a look all right I got one clip here this is Robbie from immutable and he's talking about could gaming finally come of age for polygon take a look since we launched a mutable zkm in beta in March of this year we've had more than 2.5 million monthly active onchain users in the first 3 months and we just ticked over 3 million signups to a mutable passport and the games that have launched and driven these numbers are fewer
than 10% of the number signed onto the platform today everything had to go through a slow process of manual approval as of today the floodgates are open anyone can deploy smart contracts defi collect gaming projects on the Chain there are now 440 signed onto the platform last year we signed 140 games was our record year this year we've signed more than 220 already and we're still going and it includes leading companies like net marble South Korea's largest Mobile gaming company by Revenue who's integrating this into several of their live and Incredibly successful properties and we're
not stopping until 3.3 billion monthly active players can experience true ownership one other note to make here is that Ronin the Ronin Network also on polygon and remember this was uh one of the biggest ones out there so I think the Ronin uh ZK evm and polygon this only re reiterates the potential here for sure all right back to the agir ecosystem I want to focus in on fabric right there so this is another one that potentially could be dropping some big news over at the event I want to go to another clip this could
give us some insights take a look the most advanced cryptography machine on Earth so we're not just making a chip we're making a whole server that's going to go in data centers all around the world and it's scalable to mass production we plan to you know scale the thousands of machines that we're going to be shipping starting later this year all right so remember that clip a little bit a while ago all of that that he was talking about now happening right now end of year is now so you look at the potential here of
where else does it benefit eth is always questioned does eth really benefit from this when you take a look at the value locked you can kind of see the growth right here these are all l2s this of course means uh a demand for eth and of course I think that only uh gives you an example of where it's all coming from base arbitrum uh optimism mantle even uh so this is only going to continue to grow I think this is where what we will see if e does get a breakout these are going to be
some of the benefits I think especially around the total value locked if you look at salana here's just showing transactions somewhat stagnated right now and you can kind of see a little bit let me zoom in on this for you guys right there is July through September so a little bit stagnated obviously we did see that however the difference here is price price on salana has continued to rise that means there's de there's demand now at some point transactions will be become a role player within this do salana start to fade out around 200 bucks
we don't know we'll see how all this comes together when you take a look at the activity this of course is daily average transactions uh you again the layer 2s just continue to climb so this in itself also represents maybe polygon is undervalued here but the real question is is it at its bottom could we end up getting a better price on this that's the question I think everybody's asking uh going forward I want to go to another clip here and this will get into the type of things that you're going to want to do
in the future as a business this could be all kinds of businesses when it comes to building on a blockchain take a look again it's called salana it does exist we are using would Bas have built on been built on salana what Bas is just just it's literally a fork of Optimus the same it's not an application at all what l2s are forms of applications no they're not if I'm coinbase and I want a way to bring users on chain which as I understand is the fundamental goal of Bas what am I going to do
am I going to build my own chain build an L2 on ethereum or go deploy an app on salana I'm I'm going to either build a chain or build L2 I think she kind of hit it right there is is most businesses are going to look like that and and I would agree with that to a certain extent is that if your business and you're out there you're either going to build on a chain that is yours that's talking about the l1s uh within the Avalanche ecosystem subnets or or you're going to go in and
build on a layer two which is exactly what based it so and I think that's going to be the case going forward now what does that mean for crypto in general it's still very early so I think a lot of compan is going to be trying to figure those things out so there's going to be a lot of projects that will continue to explode over the next few years question is which on so we're going to be on the lookout for all that good stuff if you guys are not in the diamond circle make sure
and get in right now it's a great place to get additional content in fact we drop additional videos specifically over there to our Diamond Circle comes out to you guys you can catch it in the community we don't put them here on the on the YouTube so uh do that just use our link down below catch me out there on X Paul Baron we'll catch you next time right here on techb [Music]
