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Empire

Blockworks interviews crypto founders on liquidity, stablecoins and market structure

Deep reads here4 / 679 episodes
Cadence~1 every 4.0 days
Latest2026-10-16
TopicsInvesting & Business
PriorityT2
1:05:37
Empire 1005

Trillion-Dollar Compute Trading Still Matched Over Text and Phone Calls

Compute contracts hit $10 billion per deal, yet the market lacks unified pricing and hedging tools—buyers and sellers still negotiate privately through relationships, phone calls, and text messages.

8 Points 8 Quotes ComputeDerivatives
1:03:27
Empire 0918

Stablecoins Are Not a Duopoly: Big Companies Want Their Own Coin

The multi-stablecoin debate returns: Rob says he knows of multinationals issuing their own stablecoins, Circle's USDC network effect is underrated, but if rates fall to 2-3% its revenue gets cut in half.

9 Points 8 Quotes StablecoinsTokenized Securities
59:28
Empire 0914

After AI Steals the Talent, Only Six Tokens Are Left to Own

Delphi's Yan Liberman says crypto VCs make one deal a year because AI has sucked up all the smart people; the only things that can still make money are a handful of tokens with real revenue that don't depend on the crypto market.

8 Points 7 Quotes Crypto investingToken portfolio
1:16:01
Empire 0817

Uniswap's Ambition Isn't a DEX — It's Replacing Market Makers and the IPO

Uniswap's long-term goal is not to be a DEX but to become the world's liquidity network; a negative cost of capital for long-tail assets, plus v4 hooks, lets it replace traditional market makers and even the IPO step.

7 Points 5 Quotes DeFiLiquidity Networks