IRISH Crypto 🍀

The next crypto cycle won't be driven by humans. It'll be driven by billions of AI agents transacting 24/7. I sat down with @cryptomanran to explore why this is the first real bull market, and why the convergence of AI and blockchain is the bigger opportunity. As ever, please enjoy!

Sui dominance is a function of its beta. It has a low free float, 70% locked up in staking and it's earlier stage, and therefore any $ of capital in, or out, leads to outside moves over time. Meanwhile the density of its network (TVL per active user) remains constant in up and down markets (a sign of network coherence), and higher than most of its peers. It still has a way to go but the sui:native team is shipping the future of finance and the agentic economy rails. See you at @SuiBasedcamp in Singapore!

Three years ago @Jamie1Coutts and I were getting laughed out of rooms for saying blockchains would service the agentic economy. Now portfolio managers and asset allocators are having to wake up to it. In the early days the whole conversation was adoption. We used to debate whether we’d be at 700 or 800 million users by now. But it turns out it doesnt matter, because what was being built was something far bigger than the numbers we were tracking. The real TAM of crypto isnt humans... its agents. Which essentially means it's infinite. They dont have bank accounts and they dont keep business hours, so the only rails they can run on are programmable ones. Its becoming really fucking clear.