Latest / The Paul Barron Crypto Show / U.S. Penny Officially Dead!💀Polygon Just Replaced It🚨Sandeep Nailwal INTERVIEW

Transcript

U.S. Penny Officially Dead!💀Polygon Just Replaced It🚨Sandeep Nailwal INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Let's dive into it today because we are talking about
• 0:02
  Speaker 1: the death of the penny. Yes, the US government currency
• 0:06
  Speaker 1: the penny could blockchain resurrect all of this on low
• 0:09
  Speaker 1: cost fees. We'll break it down for you to get
• 0:11
  Speaker 1: a special guest for you as well. Let's dive right in.
• 0:14
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• 0:16
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• 0:19
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• 0:21
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• 0:30
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• 0:33
  Speaker 1: down below.
• 0:34
  Speaker 2: It does help the channel. All right, let's go over
• 0:35
  Speaker 2: to a couple of points.
• 0:36
  Speaker 1: We are going to be getting on with sand Deep
• 0:38
  Speaker 1: from Polygon to break down where his blockchain is going.
• 0:42
  Speaker 1: But also take a look at low cost fees. You
• 0:44
  Speaker 1: look at what's going on right now in the US government.
• 0:47
  Speaker 1: The mint now strikes its last penny. Wonder what that's
• 0:50
  Speaker 1: going to be worse, the last minted penny completely phasing out,
• 0:54
  Speaker 1: and this of course is rattling retailers as we start
• 0:57
  Speaker 1: to see this transition. I want to go to this clip,
• 1:00
  Speaker 1: kind of break it down. Take a look.
• 1:02
  Speaker 3: Well, after two hundred thirty eight long years, production has
• 1:05
  Speaker 3: come to an end. Now Here is the moment the
• 1:07
  Speaker 3: mint produced the last penny. A press operator stamped it.
• 1:11
  Speaker 3: Right there. US Treasurer Brandon Beach oversaw the final strike.
• 1:15
  Speaker 4: He says, the sale of pennies is heating up.
• 1:18
  Speaker 2: People want to buy the pennies for two to three
• 1:20
  Speaker 2: cents each.
• 1:21
  Speaker 1: Oh my goodness, I've never seen prices like this.
• 1:24
  Speaker 5: Companies eventually start rounding up or rounding down, but no
• 1:27
  Speaker 5: mandates have been given from this administration. We'll be round like,
• 1:31
  Speaker 5: how are they going to handle prices?
• 1:32
  Speaker 3: That'll be an interesting discussion.
• 1:35
  Speaker 1: All right, So this is going to be interesting because
• 1:36
  Speaker 1: you're going to have retail. I think that probably is
• 1:38
  Speaker 1: the most impacted on this, but it's most likely going
• 1:41
  Speaker 1: to be a scenario that plays out across other sectors
• 1:44
  Speaker 1: of industry as well.
• 1:46
  Speaker 2: The things we're looking at.
• 1:47
  Speaker 1: When you compare to what's going on in the R
• 1:50
  Speaker 1: Toba sector, you can kind.
• 1:51
  Speaker 2: Of see the growth right there.
• 1:52
  Speaker 1: Polygon holding in the number four position always really around
• 1:56
  Speaker 1: the top five when it looks to r TOBA value
• 1:58
  Speaker 1: and overall value. So this continues to climb. You look
• 2:02
  Speaker 1: at that along with this right here where the Japanese
• 2:05
  Speaker 1: stable coin starting to see tremendous growth on Polygon. It
• 2:09
  Speaker 1: really gets into the question how fast will we see
• 2:13
  Speaker 1: Polygon rise up the charts? Here with all these things
• 2:16
  Speaker 1: that are very bullish for that chain. We've been reporting
• 2:19
  Speaker 1: on this chain for a long time. We have two
• 2:23
  Speaker 1: hundred and fifty seven Polygon videos. I didn't even know
• 2:26
  Speaker 1: that we had that many going in there. We've never
• 2:29
  Speaker 1: had sand deep on, so we thought, hey, if we
• 2:33
  Speaker 1: can get sand deep on, maybe it will be our
• 2:35
  Speaker 1: two hundred and.
• 2:35
  Speaker 2: Fifty eighth videos. So we want to welcome in Sandy.
• 2:38
  Speaker 2: How are you.
• 2:39
  Speaker 4: I'm very good, Paul, Thanks for having me here.
• 2:42
  Speaker 1: Let's get into a few points. First of all, what
• 2:44
  Speaker 1: did you think you were Apprecio. We were talking a
• 2:46
  Speaker 1: little bit about the stable coin growth there on the
• 2:49
  Speaker 1: Japanese stable coin, but you had mentioned the Australian dollar
• 2:52
  Speaker 1: also growing very strong.
• 2:53
  Speaker 2: Give me a breakdown of that.
• 2:55
  Speaker 4: Yeah.
• 2:55
  Speaker 5: So basically at Polygon, we have been very extensively focusing
• 2:59
  Speaker 5: on payment and stable coin like away from the limelight
• 3:02
  Speaker 5: and all that and the fundamentals are.
• 3:03
  Speaker 4: Now showing up.
• 3:04
  Speaker 5: So first we the throughout the twenty twenty five we
• 3:08
  Speaker 5: scaled the blockchain. At the start of the twenty twenty
• 3:11
  Speaker 5: five blockchain had Polygon blockchain had two hundred tps. Today
• 3:15
  Speaker 5: that tps stands at around one thousand to fifteen hundred tps.
• 3:18
  Speaker 4: So we scaled the blockchain five seven to eight times.
• 3:22
  Speaker 5: And our daily transactions were around three million transactions daily
• 3:26
  Speaker 5: on the chain.
• 3:27
  Speaker 4: They are now trending towards five million transactions.
• 3:29
  Speaker 5: And these are organic payment transactions primarily on stable coins
• 3:33
  Speaker 5: and on the stable coins. So people don't realize that
• 3:36
  Speaker 5: Polygon chain generally is on USDC. It is the number
• 3:42
  Speaker 5: one chain in terms of daily active users most of
• 3:44
  Speaker 5: the days ahead of base. Also you know where you
• 3:47
  Speaker 5: think of like home of Circle and all that. And
• 3:51
  Speaker 5: then for the us DT also generally Polygon chain is
• 3:54
  Speaker 5: in the top three. But the most important statistics on
• 3:58
  Speaker 5: Polygon we are seeing the are emerging is on the
• 4:00
  Speaker 5: local stable coins, like which I call it local stable
• 4:03
  Speaker 5: coins meaning you know, different different regional stable coins, and
• 4:08
  Speaker 5: there we are seeing aggressive traction like if you see
• 4:11
  Speaker 5: in the latam and you see the like first of all, globally,
• 4:16
  Speaker 5: non USD non Euro stable coins, Polygon has around eighty
• 4:20
  Speaker 5: to ninety percent market share globally. Then if you come
• 4:23
  Speaker 5: to Latam around sixty percent market share of the Latain
• 4:26
  Speaker 5: stable coins, and in Southeast Asia around eighty percent market
• 4:29
  Speaker 5: share of the the you know, Southeast Asia stable coin.
• 4:33
  Speaker 5: And that's when you see like jpyc recently launched on Polygon.
• 4:37
  Speaker 5: Like literally we are seeing any regional stable coin when
• 4:39
  Speaker 5: they launched, they launch Polygon is one of the launch chains.
• 4:42
  Speaker 5: Or in Africa you saw recently Flutterway, which is the
• 4:45
  Speaker 5: stripe of Africa where basically they also exclusively launched on Polygon.
• 4:49
  Speaker 4: So we are seeing these regional stable coin launching.
• 4:51
  Speaker 5: So jpyc is seeing you know, I think ten to
• 4:54
  Speaker 5: twenty times more traction than any other chain on Polygon.
• 4:59
  Speaker 5: And then Australian stable coin last month did two point
• 5:03
  Speaker 5: six billion dollars in overall you know volumes as per
• 5:06
  Speaker 5: some of the public stats. So you know this we
• 5:09
  Speaker 5: are seeing a mini you know, kind of explosion of
• 5:11
  Speaker 5: these regional stable coins.
• 5:12
  Speaker 4: While US, the USDC and us d T you know,
• 5:16
  Speaker 4: mind you.
• 5:16
  Speaker 5: That poly market is actually built fully on Polygon, right
• 5:19
  Speaker 5: and you know there you.
• 5:21
  Speaker 4: Already see it uses us DC, so we already see.
• 5:24
  Speaker 5: A huge amount of USDC transactions happening on poly market also,
• 5:29
  Speaker 5: so apart from USDC and USIT, regional stable coins are
• 5:32
  Speaker 5: you know, doing pretty well on Polygon right now.
• 5:34
  Speaker 2: Yeah, doing great.
• 5:34
  Speaker 1: Actually, I would say it's the number one network out
• 5:36
  Speaker 1: there for it right now, in rivaling even what's going
• 5:40
  Speaker 1: on with ethereum. I was looking at this news right here,
• 5:43
  Speaker 1: which is Calistone tapping Polygon to distribute their token. It
• 5:48
  Speaker 1: is fun shares on chain. What does this mean for
• 5:51
  Speaker 1: you guys? This is a big deal.
• 5:53
  Speaker 4: Yeah.
• 5:53
  Speaker 5: Absolutely, And you see in the r W side, like
• 5:58
  Speaker 5: for the last two years, we got into r w
• 6:00
  Speaker 5: as very early and you are showing some r W
• 6:03
  Speaker 5: statistics there and I think like one important characteristics that
• 6:07
  Speaker 5: you should see there for the stable coins is the
• 6:10
  Speaker 5: part that they were they have the transferability right. You
• 6:14
  Speaker 5: will see that the transferability is very important part. Where
• 6:17
  Speaker 5: that means it's not like somebody just picked up this
• 6:19
  Speaker 5: stable coin r W A and then you know, just
• 6:22
  Speaker 5: posted it on on on chain and saying that we
• 6:25
  Speaker 5: have this many billions of TV. These are actual stable
• 6:28
  Speaker 5: coins where or these are actual r w A assets
• 6:32
  Speaker 5: which are which actually have transferability and payments and you
• 6:35
  Speaker 5: know money movement around that, and we are very focused
• 6:38
  Speaker 5: on the payments and maney movements.
• 6:39
  Speaker 4: So this is one of them.
• 6:41
  Speaker 5: But if you see, if like if anybody is interested,
• 6:44
  Speaker 5: like you see the last six months of uh you know,
• 6:47
  Speaker 5: Polygon's journey, you will see multiple European big banks, multiple
• 6:52
  Speaker 5: uh you know banks across the world generally. Also they
• 6:55
  Speaker 5: have launched these large hedge funds or other kind of
• 6:58
  Speaker 5: their en As our w is on chain and we
• 7:02
  Speaker 5: are continuing to see. This is like a very small
• 7:05
  Speaker 5: thing compared to what is happening right now and which
• 7:08
  Speaker 5: you are going to hear in the few weeks coming
• 7:10
  Speaker 5: a few weeks. Unfortunately under ND I can't say, but
• 7:13
  Speaker 5: you will see, like you know.
• 7:14
  Speaker 4: Multiple multi trillion dollar.
• 7:17
  Speaker 5: You know asset managers are coming alike and doing much
• 7:21
  Speaker 5: bigger stuff.
• 7:22
  Speaker 2: Yeah, I like it.
• 7:23
  Speaker 1: Well, that's that's a good indicator I think where we're
• 7:25
  Speaker 1: going to see a lot of this moving in the
• 7:28
  Speaker 1: near future, especially with tokenized assets flowing and compelling into
• 7:32
  Speaker 1: the market. I'm looking at this data right here. This
• 7:36
  Speaker 1: is USDC monthly transfer volume on Robinhood and if you
• 7:40
  Speaker 1: can see Polygon actually doing very well over here. So
• 7:44
  Speaker 1: my question is why do we not have Polygon listed
• 7:49
  Speaker 1: on Robinhood?
• 7:51
  Speaker 4: What is it?
• 7:51
  Speaker 2: Yeah, I what's happening here?
• 7:55
  Speaker 4: Yeah, I'm going to take this.
• 7:57
  Speaker 5: Yeah, I'm going to take the clip from here and
• 7:59
  Speaker 5: then you know we tag Robinood people or ping them
• 8:02
  Speaker 5: absolutely right, like you go and check the check the
• 8:04
  Speaker 5: Stripe statistics. Also like Stripe, the largest amount of volumes
• 8:08
  Speaker 5: happen on Polygon only first Stripe, right, and you are
• 8:10
  Speaker 5: going to again like again I'm not saying, but this
• 8:13
  Speaker 5: probably coming Thursday, like I think seventeenth, you are going
• 8:17
  Speaker 5: to see one of like one of the biggest and
• 8:19
  Speaker 5: the largest, you know, FinTechs in the world. Also, you know,
• 8:23
  Speaker 5: kind of announcing their move on Polygon. And you know
• 8:25
  Speaker 5: these things are happening at because all you are like
• 8:29
  Speaker 5: now finally able to see this because these things are
• 8:31
  Speaker 5: compounding now for us, right and we but we have
• 8:34
  Speaker 5: been at working this for the last six to twelve months,
• 8:37
  Speaker 5: and I want to remind the reminder viewers also like
• 8:39
  Speaker 5: back in the day when Polygon was a you know,
• 8:41
  Speaker 5: the you talked about the price chart and all that
• 8:43
  Speaker 5: when it was peak of it's you know this thing.
• 8:47
  Speaker 5: Then at that time, we were doing more if you remember,
• 8:51
  Speaker 5: enterprises like from Starbucks to Coola to the to the
• 8:54
  Speaker 5: biggest of the biggest were actually launching on Polygon and
• 8:58
  Speaker 5: what that that is what we get more instead of
• 9:01
  Speaker 5: mean coins and all that where we get less like
• 9:03
  Speaker 5: our DNA, like my DNA personally is not a very
• 9:06
  Speaker 5: speculative you know, you know of the kind. And so
• 9:11
  Speaker 5: the utility is what we see and we are good
• 9:13
  Speaker 5: at and I think, like good good to see that
• 9:15
  Speaker 5: the markets are actually coming into the utility side, and
• 9:18
  Speaker 5: that is where we are pushing very heavily.
• 9:21
  Speaker 1: When you look at USDG, this of course is focusing
• 9:24
  Speaker 1: on Solana right now, and you compare that what happens
• 9:28
  Speaker 1: when robinhood enables USDG. Do you think this is going
• 9:31
  Speaker 1: to explode the use of this stable coin into the market,
• 9:35
  Speaker 1: especially with their distribution right now.
• 9:38
  Speaker 5: Yeah, I mean, I think like the USDG is expected
• 9:42
  Speaker 5: to expect it to or probably like is going to
• 9:45
  Speaker 5: launch very very soon on Polygon also, and I think
• 9:48
  Speaker 5: this this is like a stage wise launch for them,
• 9:51
  Speaker 5: and I definitely feel that, you know, Polygon being one
• 9:55
  Speaker 5: of the premiere, you know, kind of areas for the
• 9:59
  Speaker 5: state coin launch. I think USDG will also be launching
• 10:04
  Speaker 5: pretty quickly. And I know for a fact that the
• 10:07
  Speaker 5: teams are discussing like how we can also help them
• 10:12
  Speaker 5: to get more and more distribution on our polygon because it's.
• 10:15
  Speaker 4: Fairly still fairly new, new and at lead days for USDG.
• 10:19
  Speaker 2: Yeah, for sure.
• 10:20
  Speaker 1: Other big news, of course is poly Market announced a
• 10:23
  Speaker 1: big press release here with TKO that's basically the UFC.
• 10:27
  Speaker 1: This is kind of interesting to me visualizing fans sentiment
• 10:31
  Speaker 1: and perceived momentum that can compliments, not competes with regulated
• 10:35
  Speaker 1: sports petting. Obviously poly Market living on Polygon, this could
• 10:39
  Speaker 1: be pretty big for you guys. Fan prediction scoreboard during
• 10:44
  Speaker 1: UFC broadcast likelihood is going to make this even more aware.
• 10:47
  Speaker 1: What do you think about this kind of move when
• 10:50
  Speaker 1: you look at Polymarket.
• 10:51
  Speaker 5: Well, I myself, I'm a big UFC fan, a big
• 10:54
  Speaker 5: MMA fan, and you know I never miss the UFC
• 10:59
  Speaker 5: main events especially, and you know, this is a very
• 11:02
  Speaker 5: proud movement for me, Like you know, Polymarket being directly
• 11:07
  Speaker 5: integrated into USDC, so into UFC, it's phenomenal, right, Like
• 11:11
  Speaker 5: the kind of like exponential growth. We are seeing that
• 11:15
  Speaker 5: from Google to Yahoo Finance integrations and you know Nyz
• 11:20
  Speaker 5: integrating it. I think, you know, they have shown that
• 11:24
  Speaker 5: this exponential curve can be achieved. It became this big
• 11:28
  Speaker 5: in the first place. The early momentum came in because
• 11:31
  Speaker 5: it had blockchain and transparency and you know, the transparent
• 11:34
  Speaker 5: resolution of the markets and all that. And I think
• 11:37
  Speaker 5: this has this is a big show to various kind
• 11:41
  Speaker 5: of builders out there who are building in Web two
• 11:45
  Speaker 5: and they might see that Okay, using Web three you
• 11:47
  Speaker 5: can build these user flows which can actually bring you
• 11:51
  Speaker 5: to this exponential trajectory.
• 11:52
  Speaker 4: So I think Polymarket not only.
• 11:54
  Speaker 5: For prediction markets, it's a big, big win for the
• 11:57
  Speaker 5: entire Web three space, not only for Polygon, not only
• 11:59
  Speaker 5: for theium, but the whole space that the apps built
• 12:02
  Speaker 5: in Web three can become this big.
• 12:04
  Speaker 2: I agree.
• 12:04
  Speaker 1: I think we're going to see an explosion. Obviously, Polymarket
• 12:07
  Speaker 1: most likely going to launch a token here pretty soon.
• 12:10
  Speaker 1: My question sand deep to you, do you think they'll
• 12:12
  Speaker 1: launch it on Polygon or Solana.
• 12:14
  Speaker 5: I think that the coin they should actually launch on
• 12:18
  Speaker 5: ethereum itself. Like the you know, all the companies that
• 12:21
  Speaker 5: have been the standard generally that the base coin should
• 12:26
  Speaker 5: be launched on Ethereum, and that can be like you know,
• 12:28
  Speaker 5: air drop to their users on Polygon or wherever.
• 12:31
  Speaker 4: They are using.
• 12:32
  Speaker 5: Right, I am a big believer of like the base
• 12:35
  Speaker 5: value should stay on the maximum decent life settlement layer.
• 12:39
  Speaker 5: And I consider that Ethereum and Bitcoin are the only
• 12:41
  Speaker 5: two chains which which can claim that that they are
• 12:43
  Speaker 5: the true settlement layers in Web three. So for a
• 12:46
  Speaker 5: company as big as Polymarket, I would recommend them to
• 12:49
  Speaker 5: launch on Ethereum.
• 12:50
  Speaker 4: The token based token should launch.
• 12:52
  Speaker 5: On Ethereum, and for distribution and all that they can use,
• 12:55
  Speaker 5: you know, obviously Polygon leg which is a cheap and
• 12:57
  Speaker 5: faster execution environment.
• 12:59
  Speaker 4: Like I don't see the change as l ones and
• 13:01
  Speaker 4: l two's.
• 13:02
  Speaker 5: I see them as execution environments and settlement environments. Okay,
• 13:05
  Speaker 5: Ethereum is maximally decentralized with thousands and thousands validators.
• 13:09
  Speaker 4: That's where the value stays.
• 13:11
  Speaker 5: And then for doing the user transactions use an execution
• 13:13
  Speaker 5: layer like Polygon.
• 13:15
  Speaker 1: Well, hey, Shane watches the show, so he's probably listening
• 13:18
  Speaker 1: to this right now. Hopefully, Hey listen, I'm looking at
• 13:22
  Speaker 1: some of your upgrades here. Obviously the RIO upgrade. What
• 13:25
  Speaker 1: does this look like for poly market, especially around what
• 13:28
  Speaker 1: we'll see on payments or in general, how is this
• 13:31
  Speaker 1: Does it change anything major?
• 13:33
  Speaker 5: So yeah, obviously one of the most important thing that
• 13:36
  Speaker 5: it provides is as I told you that we you know,
• 13:39
  Speaker 5: started with this two hundred tps start of this year
• 13:42
  Speaker 5: and then you know, we are already at around fifteen
• 13:44
  Speaker 5: hundred tps and we recently had our RIO upgrade which
• 13:47
  Speaker 5: allows us to now go to up to five thousand
• 13:50
  Speaker 5: tps within three to six months and then from their
• 13:53
  Speaker 5: scale in the next twelve to twenty four months two
• 13:55
  Speaker 5: hundred thousand tps, like you know, to give you an example,
• 13:58
  Speaker 5: at five thousand tps, polygon chain will be more performant
• 14:01
  Speaker 5: than probably Solana, which is really popular for its high
• 14:04
  Speaker 5: throughput high performance.
• 14:05
  Speaker 4: You know, I want to achieve.
• 14:06
  Speaker 5: Is these sticky payments, you know, stable coin usages, money
• 14:11
  Speaker 5: movement usages, which are very sticky instead of the speculative
• 14:14
  Speaker 5: activity which goes up and comes down right you know,
• 14:16
  Speaker 5: as the speculative cycles.
• 14:18
  Speaker 4: That is the goal.
• 14:19
  Speaker 5: So if we take it to you know, five thousand
• 14:21
  Speaker 5: tps early next year and then you know, up to
• 14:24
  Speaker 5: two hundred thousand TPS within twenty twenty six hundred and seven,
• 14:27
  Speaker 5: I think if we have a deliberate chance of you know,
• 14:31
  Speaker 5: kind of competing these because these these open web rails,
• 14:35
  Speaker 5: open money rails, are eventually going to compete with the
• 14:39
  Speaker 5: you know, the.
• 14:39
  Speaker 4: Traditional money rails.
• 14:41
  Speaker 5: And you know, one hundred thousand TPS is basically puts
• 14:44
  Speaker 5: poly on at like you know, the visa or the
• 14:47
  Speaker 5: MasterCard kind of ips, and I think that's fundamentally needed.
• 14:50
  Speaker 5: And then we have a lot of payment related stuffs
• 14:52
  Speaker 5: coming up, like you know, which is very some of
• 14:55
  Speaker 5: the very innovative stuff like you know, priority lanes for
• 14:58
  Speaker 5: certain kind of payments setting out of and whatnot. So
• 15:01
  Speaker 5: as those open up, that will also open up the
• 15:04
  Speaker 5: space for more revenue for the protocol.
• 15:06
  Speaker 1: This is well, that could be huge, I think in
• 15:08
  Speaker 1: terms of the way that you're constructing it there, I
• 15:11
  Speaker 1: think that is a new kind of a new way
• 15:13
  Speaker 1: to look at it.
• 15:14
  Speaker 2: For sure.
• 15:15
  Speaker 1: I'm looking at the L two B. This is in
• 15:18
  Speaker 1: reference to just ranking the roll ups here and being
• 15:21
  Speaker 1: you know, more I guess more related to eth versus
• 15:25
  Speaker 1: where you guys are right now in comparison. What do
• 15:29
  Speaker 1: you think, uh, what, first of all, why not be
• 15:33
  Speaker 1: more correlated to eth especially to be like in here
• 15:36
  Speaker 1: with Arbitrum and Base and you know optimism, et cetera.
• 15:40
  Speaker 5: Yeah, yeah, see basically this is this, this L two
• 15:43
  Speaker 5: beats is based on a certain like kind of construction,
• 15:47
  Speaker 5: which is basically the layer two construction, which is based
• 15:50
  Speaker 5: on the kind of proofs this end. So polygon pos
• 15:54
  Speaker 5: sends a specific kind of like consensus proof instead of
• 15:58
  Speaker 5: instead of like a ZK or optimistic proof, and that
• 16:01
  Speaker 5: allows polygon ps to be extremely cheap because others like
• 16:05
  Speaker 5: you know these Arbitrum and you know other Base and
• 16:08
  Speaker 5: all the other l toos, they are sending their data
• 16:10
  Speaker 5: and proofs to ethereum, so their transactions are sometimes costly.
• 16:15
  Speaker 5: In case of polygon pos those transactions and data because
• 16:20
  Speaker 5: we are not sending all the transactions to ethereum.
• 16:23
  Speaker 4: So that has benefits to the gas fees.
• 16:25
  Speaker 5: And we right now want to capture more and more
• 16:29
  Speaker 5: of the usage and the users by providing an extremely
• 16:33
  Speaker 5: low gas fiece environment instead of like right now you know,
• 16:37
  Speaker 5: going for as you said that, you know, being part
• 16:38
  Speaker 5: of these charts and whatnot, and the zero knowledge technology
• 16:42
  Speaker 5: which will allow us to be you know, part of
• 16:45
  Speaker 5: this uh, as you said that, you know, the front
• 16:48
  Speaker 5: part of the l tw BE which will allow us
• 16:51
  Speaker 5: that we will that we will enable only when the
• 16:53
  Speaker 5: Z technology scales by at least one order of magnitude
• 16:57
  Speaker 5: more so that we can offer those cheap you know,
• 17:00
  Speaker 5: payment transactions to the end users that we are providing today.
• 17:03
  Speaker 4: And that's the main reasons.
• 17:05
  Speaker 1: How much cheaper would you say it is right now
• 17:08
  Speaker 1: in comparison to say Base, you know, which is the
• 17:10
  Speaker 1: number two roll up chain right here.
• 17:12
  Speaker 5: Yeah, so I think like generally with Base, it's most
• 17:16
  Speaker 5: of the time five to ten times cheaper than the
• 17:19
  Speaker 5: cheaper than an average transaction. Okay, well that's significant, but
• 17:22
  Speaker 5: even in the congested times, it's like at par with Base.
• 17:25
  Speaker 1: Yeah, I'm looking at Okay, so I know I'm peppering
• 17:28
  Speaker 1: you with a lot of questions. I'm trying to get
• 17:30
  Speaker 1: caught up on everything that Polygon is doing. You look
• 17:33
  Speaker 1: at Katana, which has been able to grow their dex
• 17:36
  Speaker 1: volumes significantly. Do you think this is going to surpass Polygons?
• 17:41
  Speaker 1: I mean, look at that we're setting at one point
• 17:43
  Speaker 1: one five billion right now at Katana. This is crazy.
• 17:46
  Speaker 1: Do you think this could surpass Polygon? TVL yeah.
• 17:49
  Speaker 5: So Katana basically you see like Polygon has Polygon chain
• 17:53
  Speaker 5: and the other product Polygon has his AGG layer, which
• 17:55
  Speaker 5: allows other chains to.
• 17:57
  Speaker 4: Long from them.
• 17:57
  Speaker 5: So Katana is a chain that Polygon incubated with a
• 18:00
  Speaker 5: few other partners and whatnot. And you have many such
• 18:04
  Speaker 5: changs like you have X layer, okx is X layer,
• 18:07
  Speaker 5: and then we have some of the biggest brands like
• 18:09
  Speaker 5: finance brands in the world who are also going to launch,
• 18:11
  Speaker 5: and then AG layer provides the interoperability service to these chains.
• 18:15
  Speaker 5: They where the AG layer makes money, right, like the
• 18:18
  Speaker 5: which money goes goes back to also pole holders, right,
• 18:21
  Speaker 5: so the poleholders the poll token makes money or gets
• 18:25
  Speaker 5: the revenue from the pos chain, which is the Polygon
• 18:28
  Speaker 5: chain where the users are doing these payments and all
• 18:30
  Speaker 5: these transactions. And then the AG layer which has these
• 18:34
  Speaker 5: chains like Katana, and so many of these X layer,
• 18:37
  Speaker 5: Lumia and Hunt. You know, at least tens of these chains,
• 18:40
  Speaker 5: and by the end of next year probably like hundreds.
• 18:42
  Speaker 4: Of these chains. These chains the use.
• 18:45
  Speaker 5: AG layer for the interoperability service where they pay very
• 18:48
  Speaker 5: small fees to two poleholders. So these are the two
• 18:51
  Speaker 5: main revenue sources. So Katana because it's a pure DeFi chain.
• 18:56
  Speaker 5: Like as you ask, like you know, this might go
• 18:58
  Speaker 5: beyond like Polygon po chain that that is the total
• 19:02
  Speaker 5: value locked, and it might go But the purpose of
• 19:05
  Speaker 5: these two chains is very different. Like when you say
• 19:07
  Speaker 5: that when you see the TVL, it is the TVL
• 19:10
  Speaker 5: locked in the defile protocols, whereas the Polygon chain is
• 19:13
  Speaker 5: primarily focused on payment. So obviously those stable coins are
• 19:16
  Speaker 5: not going to show in the TVL of the defile protocols,
• 19:20
  Speaker 5: whereas the on Katana, they're all that. All the TVL
• 19:22
  Speaker 5: that goes there is show shows up on the TVL
• 19:25
  Speaker 5: of the on the product.
• 19:27
  Speaker 4: Right, So on.
• 19:28
  Speaker 5: Polygon Polygon chain, for example, you have three hundred and
• 19:31
  Speaker 5: I think three point five billion dollars in stable coins,
• 19:34
  Speaker 5: and other coins also include three billions, So Polygon is
• 19:37
  Speaker 5: actually at six billion dollars if you look at the
• 19:40
  Speaker 5: total value.
• 19:40
  Speaker 2: Six in comparison, yeah, versus the one.
• 19:44
  Speaker 4: Point, it's much. It's a much much bigger environment than that.
• 19:48
  Speaker 5: But Katana is fully focused only on a specific DeFi
• 19:52
  Speaker 5: use case.
• 19:52
  Speaker 4: It's a DeFi super app.
• 19:53
  Speaker 1: I will say, speaking of DeFi use cases, vaults are
• 19:58
  Speaker 1: becoming a huge thing. We're to see other chains out there.
• 20:02
  Speaker 1: Danie is of course over on sweet Network is launching
• 20:04
  Speaker 1: stuff there. You can kind of see with kai finance,
• 20:07
  Speaker 1: what's the best way to earn yields in volts and
• 20:11
  Speaker 1: safest on Polygon right now, so.
• 20:14
  Speaker 5: The best and the stafest, like we have Waltz, like
• 20:18
  Speaker 5: Morpho is actually launched on Polygon and you know, people
• 20:22
  Speaker 5: can have their deposit lending activities on there. Then on
• 20:25
  Speaker 5: the AG layer ecosystem you have Katana and probably like
• 20:28
  Speaker 5: a bunch of volts on the AG layer side. Also,
• 20:31
  Speaker 5: plus we have a particular product. So another thing which
• 20:34
  Speaker 5: I did not mention, like on top of AG layer,
• 20:36
  Speaker 5: we have this Valt bridge, which is currently like probably
• 20:38
  Speaker 5: you know, also already growing as one of the top
• 20:41
  Speaker 5: walls in the space, is where people bridge into the
• 20:44
  Speaker 5: AG layer and the AG layer connected chains so that
• 20:48
  Speaker 5: you know, kind of puts your stable coins and the
• 20:50
  Speaker 5: money into a lending borrowing protocol and ethereum where those
• 20:54
  Speaker 5: coins can be lend borrow and then you earn a
• 20:56
  Speaker 5: yield on that and then you know a.
• 20:58
  Speaker 4: Representative token is given on the other side.
• 21:00
  Speaker 5: Right, so you let's say you moved on hundred thousand
• 21:02
  Speaker 5: dollars onto a chain, onto a let's say Katana or
• 21:06
  Speaker 5: some aglier chain, you get you know, your yield of
• 21:10
  Speaker 5: one hundred thousand dollars on ethereum and then plus you
• 21:13
  Speaker 5: are also you're getting your hundred thousand dollars on the
• 21:16
  Speaker 5: other side on the chain to do your activity.
• 21:18
  Speaker 4: So you literally, like you know, also making yield.
• 21:20
  Speaker 5: If you take those table coins and put it in
• 21:22
  Speaker 5: a DeFi pool, you also get yield on that. So
• 21:25
  Speaker 5: that's the DeFi super charging Katana does, and that's enabled
• 21:29
  Speaker 5: by a wold bridge. That is another protocol, another protocol
• 21:32
  Speaker 5: of Polygonia.
• 21:33
  Speaker 1: Listen, we've been covering Courtyard for a long time. If
• 21:36
  Speaker 1: you look at where Courtyard is currently, I'm just looking
• 21:40
  Speaker 1: at the DeFi LAMA data here and you can also
• 21:43
  Speaker 1: see a good comparison of where they're ranking in comparison
• 21:47
  Speaker 1: to you know, some of the other big platforms out
• 21:49
  Speaker 1: there like Busy and figitals. What about if Courtyard doesn't
• 21:54
  Speaker 1: open its platform up. Do you think that's going to
• 21:57
  Speaker 1: be a deterrent for Courtyard to grow? What are your
• 22:00
  Speaker 1: thoughts about Courtyard right now?
• 22:02
  Speaker 5: For Courtyard, first of all, like the team is absolutely
• 22:05
  Speaker 5: one of the best teams that I've seen executing like
• 22:08
  Speaker 5: I think because of polymarket, they get overshadowed, but people
• 22:11
  Speaker 5: don't realize that they might be the second or the third,
• 22:14
  Speaker 5: like the third largest or the fastest growing app which
• 22:18
  Speaker 5: is actually generating a huge amount of meaningful revenue and
• 22:22
  Speaker 5: sticky usage.
• 22:24
  Speaker 4: And you know, I think like that.
• 22:26
  Speaker 5: I believe in the team that you know, they are
• 22:28
  Speaker 5: very forward looking. They figured out this market where everybody
• 22:32
  Speaker 5: thought that you know, their pokemons are also like real
• 22:34
  Speaker 5: world uh you know, kind of NFTs, right, And a
• 22:38
  Speaker 5: lot of people initially because NFTs were used to be
• 22:41
  Speaker 5: these abstract artwork NFTs and pfps and all that, and
• 22:44
  Speaker 5: a lot of people discarded that you know, this is
• 22:47
  Speaker 5: this will not succeed.
• 22:47
  Speaker 4: This has never succeeded the real world NFTs on blockchains.
• 22:51
  Speaker 5: And what you are seeing now with Courtyard proving that,
• 22:56
  Speaker 5: you know, I think that you know a lot of
• 22:57
  Speaker 5: this is going to happen.
• 22:58
  Speaker 4: Like digitals, for example, was a big buzzword back in
• 23:02
  Speaker 4: the day.
• 23:02
  Speaker 5: But I think Courtyard in a way, like those poke
• 23:05
  Speaker 5: Pokemon cards can be said in the form of like,
• 23:07
  Speaker 5: you know, they have a physical card and then you
• 23:09
  Speaker 5: have a they are physicals only, And I think once
• 23:11
  Speaker 5: they have proven the success for that, I think similar
• 23:14
  Speaker 5: kind of categories which have that kind of fan basis.
• 23:16
  Speaker 5: I think, you know they will and the team will.
• 23:19
  Speaker 5: I believe in the team that they will be the
• 23:22
  Speaker 5: you know, kind of fast movers and they will do
• 23:25
  Speaker 5: whenever they will see that actual business like. They will
• 23:27
  Speaker 5: not do for hype the team. The way I know
• 23:29
  Speaker 5: the team, they will not do.
• 23:30
  Speaker 4: Some things or hype.
• 23:31
  Speaker 5: They will do it only when they feel that the
• 23:33
  Speaker 5: revenue margins can be made here.
• 23:35
  Speaker 1: Well, listen, we'd love to get a warm handshake into
• 23:39
  Speaker 1: the team because we'd love to have them on the show.
• 23:40
  Speaker 1: If We've attempted to reach out to them quite a bit,
• 23:44
  Speaker 1: so hopefully we can get them on.
• 23:46
  Speaker 2: We'd love to have Courtyard one hundred percent.
• 23:48
  Speaker 4: I will, I will, I will get it done.
• 23:50
  Speaker 2: Yeah, all right, all right.
• 23:51
  Speaker 1: Last question to you is on the meme coins scenario
• 23:54
  Speaker 1: that's playing out. I'm We're on tex screener right now,
• 23:57
  Speaker 1: and of course I don't see that many meme coins
• 24:00
  Speaker 1: coming in on Polygon. We've seen them on Suite, we've
• 24:03
  Speaker 1: seen on Avalanche. Is that the problem is there's just
• 24:05
  Speaker 1: too many on other other chains that it's just not
• 24:09
  Speaker 1: really beneficial to.
• 24:11
  Speaker 2: Start to go in this direction. What are your thoughts.
• 24:13
  Speaker 5: I mean, see, like we we could never like as
• 24:15
  Speaker 5: I said, it's about the DNA and we you know,
• 24:18
  Speaker 5: we would love to have these meme coins and other
• 24:21
  Speaker 5: kind of trading activity on the chain. But I basically
• 24:25
  Speaker 5: I think like as a team, we don't have the
• 24:27
  Speaker 5: DNA to have these you know, meme coins to grow
• 24:30
  Speaker 5: these meme coins. Like the chains where you see these
• 24:33
  Speaker 5: meme coin activity a lot, you see the team's DNA
• 24:36
  Speaker 5: is also very you.
• 24:38
  Speaker 4: Know, kind of aligned to that.
• 24:40
  Speaker 5: Like for us, I think Solana communities like that, like
• 24:42
  Speaker 5: you know, they are really really cool for these meme
• 24:46
  Speaker 5: coins and all that. Like you know, we were never
• 24:47
  Speaker 5: like that, and so we never really ventured into the
• 24:50
  Speaker 5: meme coins properly, to be honest, like they were like
• 24:52
  Speaker 5: there was ven dot markets. There was a small attempt
• 24:55
  Speaker 5: like that, but we could never understand the whole market,
• 24:58
  Speaker 5: and by by now, like the market is already yeah.
• 25:01
  Speaker 1: Well, and I think if you look at the strength
• 25:03
  Speaker 1: of Solana and maybe even Sweet to a certain extent,
• 25:06
  Speaker 1: meme was probably a cornerstone of them supporting it, which
• 25:11
  Speaker 1: is maybe why we didn't see the strength coming out
• 25:13
  Speaker 1: of the Polygon token in general during that cycle. You know,
• 25:17
  Speaker 1: obviously things will change as payments in our deb a
• 25:20
  Speaker 1: plays into the strength of the market for what you
• 25:23
  Speaker 1: guys are doing, especially with your consistency around stable coins,
• 25:27
  Speaker 1: so it'll be interesting to watch the growth over the
• 25:30
  Speaker 1: next few months.
• 25:31
  Speaker 2: Sandy. But it's been great having you on.
• 25:32
  Speaker 1: I'm surprised and uh kind of happy at the same
• 25:35
  Speaker 1: time that we finally got you on the show.
• 25:37
  Speaker 2: But thanks for coming in today. We appreciate it.
• 25:39
  Speaker 4: Thanks one made me would love you come back again.
• 25:42
  Speaker 2: We'll get you back for sure.
• 25:44
  Speaker 4: Awesome. Thanks bad All right.
• 25:45
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• 25:47
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• 25:50
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• 25:52
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• 25:53
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• 25:54
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• 25:59
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