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Is Polygon Extremely Undervalued?🔥Massive Update!🚀 · The Paul Barron Crypto Show

• 0:05
  Speaker 1: Let's take a deep dive into a couple of blockchains today,
• 0:08
  Speaker 1: one of course, is going to be Polygon and get
• 0:11
  Speaker 1: into a real understanding of how this could affect growth
• 0:13
  Speaker 1: in the future.
• 0:14
  Speaker 2: Don't miss it.
• 0:15
  Speaker 1: My name is Paul Baron. Welcome back in a tech path.
• 0:17
  Speaker 1: I want to thank our sponsor today and that is Coinbase.
• 0:19
  Speaker 1: If you're looking to get started in your crypto journey,
• 0:21
  Speaker 1: maybe this is the first time that you've started to
• 0:24
  Speaker 1: really understand what's going on with crypto. We've got an
• 0:27
  Speaker 1: election happening, could see a market move, and you're saying
• 0:31
  Speaker 1: now's the time to do it. Well, sign up on coinbase.
• 0:33
  Speaker 1: All you have to do is visit coinbase dot com.
• 0:35
  Speaker 1: Future of money is here. This is the most trusted
• 0:38
  Speaker 1: place for people to go out and buy, sell and
• 0:41
  Speaker 1: use crypto.
• 0:42
  Speaker 2: And of course use our link down below.
• 0:44
  Speaker 1: You're going to get two hundred bucks in crypto to
• 0:46
  Speaker 1: get started. So that's the first.
• 0:47
  Speaker 2: Thing to do to get going.
• 0:50
  Speaker 1: I want to jump over to a little bit of news.
• 0:52
  Speaker 1: Of course, the prediction markets are all the rage right now.
• 0:55
  Speaker 1: Robin Hood, of course has partnered in on introducing their
• 0:58
  Speaker 1: presidential election. The company they're using is Interactive brokers. You
• 1:03
  Speaker 1: can kind of see the interface right here, not necessarily
• 1:07
  Speaker 1: a lot of activity on it. You can kind of
• 1:09
  Speaker 1: see a little bit about what's happening in terms of
• 1:11
  Speaker 1: the market in general. I do want to go to
• 1:14
  Speaker 1: a clip because it's talking a little bit more about
• 1:15
  Speaker 1: this move, and I want to comment on this after take.
• 1:18
  Speaker 3: A look like he's beating most of the apps on
• 1:22
  Speaker 3: the app store. Really tell us what's happening. How many
• 1:24
  Speaker 3: people have you onboarded?
• 1:26
  Speaker 4: We are now number one on the Finance app store.
• 1:29
  Speaker 4: We just overtook cash app, which has had the spot
• 1:31
  Speaker 4: for I don't know how how many years now, and
• 1:35
  Speaker 4: on the Global App Store, I think we are just
• 1:38
  Speaker 4: about to preach number ten. So we just overtook Facebook, Uber,
• 1:43
  Speaker 4: Spotify and a few other apps. I think we're running
• 1:46
  Speaker 4: for number one for the entire app store by election days.
• 1:48
  Speaker 4: You know that you're announced, there's more competitors coming up
• 1:50
  Speaker 4: withity a good.
• 1:50
  Speaker 3: Things which I want to ask you about. Yeah, what
• 1:52
  Speaker 3: the implication that's going to be for you?
• 1:54
  Speaker 4: No, I think that's great. I mean I think it's
• 1:55
  Speaker 4: a bit like you know, Crypto. Ten years ago. You
• 1:57
  Speaker 4: started seeing a lot of operators, some good ones, some
• 1:59
  Speaker 4: bad ones, And I think we need to defentially between
• 2:01
  Speaker 4: the unregulated players where you don't know who's trading and
• 2:03
  Speaker 4: who's betting, versus places like Calshie, which is American's only
• 2:07
  Speaker 4: fully transpanded report.
• 2:08
  Speaker 3: What's the difference between betting on Robinhood, for example, using
• 2:11
  Speaker 3: the interactive broker's derivative contract versus betting on your exchange.
• 2:15
  Speaker 4: We have way more contracts, we have much more liquidity.
• 2:18
  Speaker 4: So on there, you can take maybe ten thousand dollars
• 2:20
  Speaker 4: on calsh You can take millions easily without moving the price.
• 2:23
  Speaker 1: And if you look at a little bit here in
• 2:26
  Speaker 1: terms of the liquidity, it's about eighty six million. Now,
• 2:29
  Speaker 1: granted that's a lot, but it's not really a lot
• 2:30
  Speaker 1: when you look at the size of poly Market. Polymarket
• 2:34
  Speaker 1: of course holding liquidity right now of in the billions,
• 2:38
  Speaker 1: two point five billion right there in the liquidity. So
• 2:41
  Speaker 1: I think the key here is that poly Market is
• 2:43
  Speaker 1: clearly the winner. Now, will Calshie be you in the game, Sure, yeah,
• 2:47
  Speaker 1: we could have that, but I think poly Market is
• 2:50
  Speaker 1: the one to select. Now, you think if Robinhood was
• 2:52
  Speaker 1: able to do this, why wouldn't we see someone like
• 2:55
  Speaker 1: a coinbase or others start to go in this direction
• 2:58
  Speaker 1: in what would be used point Base was doing. I
• 3:00
  Speaker 1: can't imagine they would not use Polygon or Polymarket. The
• 3:04
  Speaker 1: potential of users also, I think is dwarfed a little bit.
• 3:07
  Speaker 1: This is just the better data right here. This is
• 3:09
  Speaker 1: the prediction market users. Let me kind of zoom in
• 3:11
  Speaker 1: on that, and it's.
• 3:12
  Speaker 2: About thirty thousand.
• 3:13
  Speaker 1: So imagine what the size of this is when you
• 3:15
  Speaker 1: look at the app, you look at all the different
• 3:18
  Speaker 1: solutions and people that are using this, media companies, et cetera,
• 3:21
  Speaker 1: and then people in general like ourselves that are out
• 3:24
  Speaker 1: there really talking about this. So I think this is
• 3:27
  Speaker 1: significantly larger in terms of the exposure that it's getting
• 3:31
  Speaker 1: going forward. Here's an article that kind of breaks it downs.
• 3:34
  Speaker 1: Poly Market is a success for Polygon everywhere but the
• 3:37
  Speaker 1: bottom line, and there's some reasons for this within this
• 3:40
  Speaker 1: Right now, polymarket is only brought in about twenty seven
• 3:43
  Speaker 1: thousand in fees on Polygon's proof of stake blockchain one
• 3:46
  Speaker 1: to look on the bright side, pane only twenty k
• 3:48
  Speaker 1: and transaction fees frankly just reflects how cheap it is
• 3:51
  Speaker 1: to use Polygon proof stake. Sure, this is boion this
• 3:54
  Speaker 1: is their president talking about that. But the attention is
• 3:57
  Speaker 1: the value add and that's what I think draws in
• 4:01
  Speaker 1: the opportunity here because the attention that is being highlighted
• 4:05
  Speaker 1: on poly market does show well for Polygon. Just imagine
• 4:10
  Speaker 1: how this all plays into something positive. Now, it doesn't
• 4:13
  Speaker 1: necessarily mean that this is working out on the charts
• 4:16
  Speaker 1: that way. We'll take a look at that in the
• 4:17
  Speaker 1: second to kind of compare now Calshi. Yes, they've got
• 4:20
  Speaker 1: certain sub sectors, they might be number one, but when
• 4:23
  Speaker 1: it comes to true free apps right now, poly Market
• 4:26
  Speaker 1: by far the number one app out there, including over
• 4:30
  Speaker 1: all of the media outlets including New York Times CNN.
• 4:34
  Speaker 1: I was surprised that ground News was on there. That
• 4:36
  Speaker 1: was very interesting. I want to go to another clip
• 4:38
  Speaker 1: real quick because this clip will get into the CEO
• 4:41
  Speaker 1: of Calshi also talking about where is this direction going
• 4:45
  Speaker 1: after the election?
• 4:46
  Speaker 2: Take a look what.
• 4:47
  Speaker 3: Do you do after the election with this platform that
• 4:51
  Speaker 3: you've created.
• 4:52
  Speaker 4: So I think we always think that these markets, these
• 4:55
  Speaker 4: prediction markets or any markets their marketplace, they need a
• 4:58
  Speaker 4: critical mass. Once you hit that critical mass, they kind
• 5:00
  Speaker 4: of work because people share them, the press talks about them,
• 5:03
  Speaker 4: everybody uses them for well, Adams, we have that market
• 5:07
  Speaker 4: the outset as mayor of New York, will TikTok got
• 5:09
  Speaker 4: banned next year? We'll boy and see you or get fired?
• 5:12
  Speaker 4: He comes to use them as a source of truth
• 5:13
  Speaker 4: for anything. And I think the election is sort of
• 5:15
  Speaker 4: this holy grail event that gets you that critical matter.
• 5:18
  Speaker 3: You think this is going to change everything. You think,
• 5:20
  Speaker 3: all of a sudden, here's a real question. Do you
• 5:22
  Speaker 3: think that we are going to start using whether mayor
• 5:26
  Speaker 3: Adams is going to lose his job or whether TikTok,
• 5:29
  Speaker 3: as you said, is going to be kicked out of
• 5:31
  Speaker 3: the US and whatever that stat is that we will
• 5:35
  Speaker 3: be talking about that stat oftentimes at this table in
• 5:38
  Speaker 3: the future.
• 5:38
  Speaker 2: Why not?
• 5:39
  Speaker 5: Right?
• 5:39
  Speaker 4: I mean, this is the whole part of the mission
• 5:41
  Speaker 4: is like now, when you're asking a question of will
• 5:43
  Speaker 4: TikTok get banned? Who are we relying on to get
• 5:45
  Speaker 4: that answer?
• 5:46
  Speaker 6: And for interest rates? That makes sense because the Federal Reserve,
• 5:49
  Speaker 6: the FMC wants the market to not be shocked, so
• 5:52
  Speaker 6: they are kind of reading engaging. If the market's not
• 5:55
  Speaker 6: reading it the way they want, they may come out
• 5:56
  Speaker 6: and start talking ahead of time to try and convince
• 5:59
  Speaker 6: the market, so it's a slow and gradual true.
• 6:01
  Speaker 2: So it's an interesting point.
• 6:03
  Speaker 1: I think it's one that the Kaushi CEO made, and
• 6:05
  Speaker 1: that is that this becomes kind of the source of truth.
• 6:08
  Speaker 1: Now it's not that Koshi would I think that in
• 6:10
  Speaker 1: general polymarket probably wins this, but there will be multiple
• 6:13
  Speaker 1: markets out there that this is going to be available.
• 6:16
  Speaker 1: But I do think he is right that you're going
• 6:18
  Speaker 1: to see instead of polls. I think if anybody has
• 6:21
  Speaker 1: to be worried, it's all the posters. I think those
• 6:23
  Speaker 1: are done, and especially if the data and the truth
• 6:28
  Speaker 1: starts to continue to prove out on where these betting
• 6:30
  Speaker 1: markets are going, because they're always right.
• 6:32
  Speaker 2: That's the point of a betting market.
• 6:33
  Speaker 1: Eventually it boils down to the always right scenario, but
• 6:37
  Speaker 1: it gets there much faster and quicker in terms of
• 6:40
  Speaker 1: giving us the information. So one thing he said there
• 6:43
  Speaker 1: was that it is a marketplace of data, and that's
• 6:45
  Speaker 1: a very interesting point because when you look at data
• 6:49
  Speaker 1: and how interoperability is a key thing within the blockchain,
• 6:52
  Speaker 1: you got to go in and look at what's happening here.
• 6:54
  Speaker 1: This is Entangle, their ebridge now supporting Polygon, and within that,
• 6:58
  Speaker 1: I want to show a little bit of a clip
• 7:00
  Speaker 1: here that we'll get into more detail, but this will
• 7:02
  Speaker 1: go into how universal data is coming into this and
• 7:07
  Speaker 1: what it might mean.
• 7:08
  Speaker 2: Take a look.
• 7:10
  Speaker 7: But yeah, so look, UDF is universal data feeds. As
• 7:14
  Speaker 7: I mentioned before, everything is a packet of data, right,
• 7:17
  Speaker 7: So we are not only focusing on the connectivity between
• 7:23
  Speaker 7: every single blockchain, whether it's ton Tron, Move Chain's Aptos, Thuy, Solana,
• 7:29
  Speaker 7: evm zk Roll, ups et cetera. But we're also focusing
• 7:33
  Speaker 7: on off chain. So I think for example, predictions markets,
• 7:39
  Speaker 7: they're relying on data from external web two sources. For example,
• 7:43
  Speaker 7: when the election kicks off, when the winnings are paid,
• 7:46
  Speaker 7: it's paid based on data that's extracted from a news
• 7:49
  Speaker 7: source or different sources off chain. So for us, universal
• 7:53
  Speaker 7: data is all encompassing. It's not only just on chain,
• 7:56
  Speaker 7: it's off chain, and that can be delivered directly to
• 7:59
  Speaker 7: smart contracts on any chain, so it's interoperable across all
• 8:02
  Speaker 7: blockchains and all external data sources. The first iteration of UDF,
• 8:08
  Speaker 7: it's very visible. It's there. We're going to keep iterating
• 8:12
  Speaker 7: at custom data feeds. So if you want different types
• 8:15
  Speaker 7: of data feeds and it's also very customizable.
• 8:18
  Speaker 1: This is just a quick overview of what they're doing
• 8:23
  Speaker 1: native DAP powered by entangles infrastructure. You can kind of
• 8:26
  Speaker 1: see all the layers in there. Obviously poly gone in there,
• 8:28
  Speaker 1: but there's many that could get into gambling game, five
• 8:31
  Speaker 1: derivative protocols, a lot of different scenarios that the blockchain
• 8:35
  Speaker 1: is going to be able to provide. This now, granted,
• 8:37
  Speaker 1: how does this play out, especially if you start to
• 8:39
  Speaker 1: apply AI mechanisms within this, we could start to see
• 8:43
  Speaker 1: a new quality level of data coming from blockchains all
• 8:47
  Speaker 1: being pretty much diversified in the sense of especially if
• 8:51
  Speaker 1: you look at what poly market has been able to
• 8:53
  Speaker 1: do so far, and they are leaning in on a
• 8:56
  Speaker 1: lot of these Web two sources. So I think that's
• 8:58
  Speaker 1: where we've got a big opportunity here for you know,
• 9:03
  Speaker 1: just kind of the flexibility of what this might bring.
• 9:05
  Speaker 1: I want to go over to another thing. Here's the roadmap.
• 9:07
  Speaker 1: L two roll ups also out into Q two twenty five,
• 9:11
  Speaker 1: so it's going to be accelerating pretty quickly, I imagine AI.
• 9:15
  Speaker 2: And of course you can kind of.
• 9:15
  Speaker 1: See the liquid d PIN and AI right there out
• 9:19
  Speaker 1: on the outer portion of the roadmap, So a lot
• 9:21
  Speaker 1: of opportunity here for sure.
• 9:23
  Speaker 2: All right, taking a look at DeFi lama.
• 9:25
  Speaker 1: This is just in Polygon in general and looking at
• 9:28
  Speaker 1: the total value locked in, but it looks as though
• 9:31
  Speaker 1: polymarket itself is going to flip ave, so this will
• 9:35
  Speaker 1: be quite a move overall. Now, how does this translate
• 9:39
  Speaker 1: to mattic and Polygon as a whole. I shouldn't say mattic,
• 9:42
  Speaker 1: I should just say poll within that, all right, So
• 9:46
  Speaker 1: let's break down DeFi lama. So we've got stable coins
• 9:49
  Speaker 1: setting in here on the blue line, green line coming
• 9:51
  Speaker 1: in on price, and then this lower section right there volume.
• 9:54
  Speaker 1: Let's zoom in on that because I want to show
• 9:56
  Speaker 1: you something quickly over here, so you can see kind
• 9:59
  Speaker 1: of where this is going. Volume is rising right here,
• 10:01
  Speaker 1: but price isn't.
• 10:02
  Speaker 2: Moving see right there.
• 10:04
  Speaker 1: But if you go back here into early twenty twenty four,
• 10:06
  Speaker 1: price started skyrocketing right there, as volume did as well.
• 10:11
  Speaker 1: So are we in this phase right here where volume
• 10:15
  Speaker 1: is starting to click up? That is the question mark.
• 10:18
  Speaker 1: And remember stable Coin of course is exploding right here.
• 10:21
  Speaker 1: So the only thing really missing right now is price
• 10:24
  Speaker 1: accommodation for Paul as a whole. If you look at
• 10:28
  Speaker 1: cross chain Polygon is holding an eighty two percent share
• 10:31
  Speaker 1: of this, so that's about thirteen million accounts. So yes,
• 10:35
  Speaker 1: there are some movements with base and all of that,
• 10:38
  Speaker 1: but right now Polygons still the number one.
• 10:41
  Speaker 2: All right. One other thing I want to take.
• 10:42
  Speaker 1: A look at is real world consumer tokenized assets, and
• 10:46
  Speaker 1: that would be under something called Courtyard. We've showed this
• 10:49
  Speaker 1: before on the show. And if you look at the
• 10:52
  Speaker 1: growth of Courtyard right here, and remember tokenized assets for
• 10:55
  Speaker 1: consumer are mostly they could be trading cards, other assets
• 10:59
  Speaker 1: that eventually get in to it, sports cards, all sorts
• 11:02
  Speaker 1: of things, collectibles, etc. That will play into this. And
• 11:05
  Speaker 1: of course Courtyard has been one that has been very
• 11:07
  Speaker 1: successful in terms of growth. Pokemon cards is what they
• 11:11
  Speaker 1: kind of showcase on it. See the growth right there
• 11:14
  Speaker 1: and understand that this even though it is Pokemon. But
• 11:17
  Speaker 1: the point is is there's a lot of others that
• 11:19
  Speaker 1: are out there that potentially will be growing almost as quick,
• 11:23
  Speaker 1: if not quicker. So there's a big opportunity here when
• 11:26
  Speaker 1: it comes to tokenized assets for consumers in this kind
• 11:30
  Speaker 1: of scenario.
• 11:31
  Speaker 2: Of course, Courtyard playing a big role in that. Here's
• 11:33
  Speaker 2: a good example right here on Magic Eden.
• 11:35
  Speaker 1: There's Courtyard number two, Trump Digital Trading Cards number three.
• 11:40
  Speaker 1: All of this and you remember that Trump's cards on Polygon.
• 11:43
  Speaker 1: That makes it very interesting for could this be the
• 11:47
  Speaker 1: number one token that is recognized by the future president
• 11:51
  Speaker 1: if that, in fact is going to occur. Good example
• 11:54
  Speaker 1: of that would be, well, there is Polygon undervalue because
• 11:58
  Speaker 1: you got Ryan Selker's right there, and who is that? Oh,
• 12:01
  Speaker 1: that might be the Polygon team. Trump's very transactional that
• 12:04
  Speaker 1: he understands it this way, So could it be one
• 12:07
  Speaker 1: of the key tokens and one of the key projects
• 12:09
  Speaker 1: out there that benefits from a Trump win. Another thing
• 12:14
  Speaker 1: that's happening right here is the ag Layer Summit, and
• 12:16
  Speaker 1: this of course is called the Aggregation Summit, happening in November.
• 12:20
  Speaker 1: A lot going to be going on there, so we
• 12:22
  Speaker 1: could see some big announcements coming from this event, much like.
• 12:26
  Speaker 2: What we do in a lot of these all of
• 12:27
  Speaker 2: these events.
• 12:28
  Speaker 1: So timing could be play a perfect for Paul the token,
• 12:33
  Speaker 1: especially as its price is continued to be suppressed here,
• 12:37
  Speaker 1: So definitely something to watch. So here's the Aglarer ecosystem.
• 12:41
  Speaker 1: Notice one thing right there, Wilder World. Right there in
• 12:44
  Speaker 1: the center, you're going to see we could see an announcement.
• 12:47
  Speaker 1: And of course here's Frank talking a little bit right here.
• 12:50
  Speaker 2: Get ready.
• 12:50
  Speaker 1: Could be something big happening at the Agler. So we'll
• 12:54
  Speaker 1: take a look, all.
• 12:54
  Speaker 2: Right, I got one clip here.
• 12:56
  Speaker 1: This is Robbie from Immutable and he's talking about could
• 12:59
  Speaker 1: gaming finally come of age four?
• 13:01
  Speaker 2: Polygon take a look.
• 13:02
  Speaker 8: Since we launched the Mutable ZKDM in beta in March
• 13:05
  Speaker 8: of this year, we've had more than two point five
• 13:07
  Speaker 8: million monthly active on Chae users in the first three months,
• 13:11
  Speaker 8: and we've just ticked over freely and sign ups to
• 13:13
  Speaker 8: a Mutable passport. And the games that have launched and
• 13:16
  Speaker 8: driven these numbers are fewer than ten percent of the
• 13:19
  Speaker 8: numbers signed onto the platform today. Everything had to go
• 13:21
  Speaker 8: through a slow process of manual approval. As of today,
• 13:24
  Speaker 8: the floodgate's up again. Anyone can deploy smart contracts, defive collectibles,
• 13:29
  Speaker 8: gaming projects on the chain. So there are now four
• 13:32
  Speaker 8: hundred and forty signed onto the platform. Last year we
• 13:36
  Speaker 8: sign one hundred and forty games. It was our record year.
• 13:39
  Speaker 8: This year we've signed more than two hundred and twenty
• 13:41
  Speaker 8: already and we're still going. And it includes leading companies
• 13:45
  Speaker 8: like net Marble, South Korea's largest mobile gaming company by revenue,
• 13:49
  Speaker 8: who's integrating this into several of their live and incredibly
• 13:52
  Speaker 8: successful properties. And we're not stopping until three point three
• 13:55
  Speaker 8: billion monthly active players can experience crew ownership.
• 13:59
  Speaker 1: One other note to make here is that Ronan, the
• 14:02
  Speaker 1: Ronan network also on Polygon. And remember this was one
• 14:06
  Speaker 1: of the biggest ones out there, so I think the
• 14:07
  Speaker 1: Ronan ZYKAVIM and Polygon this only reiterates the potential here
• 14:13
  Speaker 1: for sure. All right, back to the ag layer ecosystem.
• 14:16
  Speaker 1: I want to focus in on fabric right there. So
• 14:19
  Speaker 1: this is another one that potentially could be dropping some
• 14:21
  Speaker 1: big news over at the event.
• 14:23
  Speaker 2: I want to go to another clip. This could give
• 14:25
  Speaker 2: us some insights.
• 14:25
  Speaker 5: Take a look the most advanced cryptography machine on Earth.
• 14:29
  Speaker 5: So we're not just making a chip, We're making a
• 14:32
  Speaker 5: whole server that's going to go in data centers all
• 14:34
  Speaker 5: around the world, and it's scalable to mass production. We
• 14:37
  Speaker 5: plan to scale the thousands of machines that we're going
• 14:40
  Speaker 5: to be shipping starting later this year.
• 14:44
  Speaker 1: All right, So remember that clip a little bit a
• 14:46
  Speaker 1: while ago. All of that that he was talking about
• 14:49
  Speaker 1: now happening right now. End of year is now, So
• 14:52
  Speaker 1: you look at the potential here of where else does
• 14:55
  Speaker 1: it benefit? ETH is always questioned aes ether really benefit
• 14:58
  Speaker 1: from this? You take a look at the value locked,
• 15:01
  Speaker 1: you can kind of see the growth right here. These
• 15:03
  Speaker 1: are all L twos. This of course means a demand
• 15:06
  Speaker 1: for ETH and of course I think that only gives
• 15:09
  Speaker 1: you an example of where it's all coming from, bass Arbitram, optimism, mantle.
• 15:14
  Speaker 1: Even so, this is only going to continue to grow.
• 15:18
  Speaker 1: I think this is where what we will see if it.
• 15:21
  Speaker 2: Does get a breakout.
• 15:22
  Speaker 1: These are going to be some of the benefits I think,
• 15:23
  Speaker 1: especially around the total value locked. If you look at Solana,
• 15:27
  Speaker 1: here's just showing transactions somewhat stagnated right now, and you
• 15:31
  Speaker 1: can kind of see a little bit.
• 15:32
  Speaker 2: Let me zoom in on this for you guys.
• 15:34
  Speaker 1: Right there is July through September, so a little bit stagnated. Obviously,
• 15:37
  Speaker 1: we did see that. However, the difference here is price
• 15:41
  Speaker 1: price on Solana has continued to rise. That means there's
• 15:44
  Speaker 1: demand now. At some point transactions will become a role
• 15:49
  Speaker 1: player within this. Does Solana start to fade out around
• 15:52
  Speaker 1: two hundred bucks, We don't know.
• 15:54
  Speaker 2: We'll see how all this comes in together when you.
• 15:56
  Speaker 1: Take a look at the activity. This of course is
• 15:59
  Speaker 1: daily average transaction actions. You again, the layer two is
• 16:02
  Speaker 1: just continue to climb. So this in itself also represents
• 16:06
  Speaker 1: maybe polygon is undervalued here, but the real question is
• 16:11
  Speaker 1: is it at its bottom? Could we end up getting
• 16:13
  Speaker 1: a better price on this, That's the question I think
• 16:15
  Speaker 1: everybody's asking going forward. I want to go to another
• 16:18
  Speaker 1: clip here, and this will get into the type of
• 16:21
  Speaker 1: things that you're going to want to do in the
• 16:24
  Speaker 1: future as a business. This could be all kinds of businesses.
• 16:28
  Speaker 1: When it comes to building on a blockchain.
• 16:29
  Speaker 9: Take a look again, how it's called Solana. It does exist.
• 16:33
  Speaker 5: We are using what base.
• 16:35
  Speaker 9: Of build on been built on Salona? What do you
• 16:37
  Speaker 9: think base is just it's literally a fork of optimists
• 16:39
  Speaker 9: the same shit?
• 16:40
  Speaker 2: Is that an application at all?
• 16:41
  Speaker 9: What L two's are forms of applications?
• 16:43
  Speaker 4: No, they're not.
• 16:44
  Speaker 9: If I'm coinbase and I want a way to bring
• 16:46
  Speaker 9: users on chain, as I understand is the fundamental goal
• 16:49
  Speaker 9: of base, what am I going to do? Am I
• 16:51
  Speaker 9: going to build my own chain, build an L two
• 16:53
  Speaker 9: on ethereum, or go deploy an app on Solana? I'm
• 16:57
  Speaker 9: going to either build a chain or build an L two.
• 17:01
  Speaker 1: I think she kind of hit it right there is
• 17:03
  Speaker 1: most businesses are going to look like that, and I
• 17:05
  Speaker 1: would agree with that to a certain extent. Is that
• 17:08
  Speaker 1: if you're a business and you're out there, you're either
• 17:10
  Speaker 1: going to build on a chain that is yours, that's
• 17:12
  Speaker 1: talking about the l ones within the Avalanche ecosystem subnets,
• 17:18
  Speaker 1: or you're going to go in and build on a
• 17:20
  Speaker 1: layer two, which is exactly what Base did so and
• 17:23
  Speaker 1: I think that's going to be the case going forward. Now,
• 17:25
  Speaker 1: what does that mean for crypto in general. It's still
• 17:27
  Speaker 1: very early, so I think a lot of companies are
• 17:29
  Speaker 1: going to be trying to figure those things out. So
• 17:31
  Speaker 1: there's going to be a lot of projects that will
• 17:33
  Speaker 1: continue to explode over the next few years. The question
• 17:37
  Speaker 1: is which one. So we're going to be able to
• 17:38
  Speaker 1: look out for all that good stuff. If you guys
• 17:40
  Speaker 1: are not in the Diamond Circle, make sure and get
• 17:42
  Speaker 1: in right now. It's a great place to get additional content.
• 17:44
  Speaker 1: In fact, we drop additional videos specifically over there to
• 17:47
  Speaker 1: our Diamond Circle comes out to you guys. You can
• 17:50
  Speaker 1: catch it in the community. We don't put them here
• 17:52
  Speaker 1: on the YouTube so do that. Just use our link
• 17:55
  Speaker 1: down below. Catch me out there on x at Paul Baron.
• 17:58
  Speaker 1: We'll catch you next time right here on tech path
• 18:00
  Speaker 1: sped ext