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AVAX Crosses $50 as DeFi Explodes️‍!️‍🔥$100 Next? · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Avalanche is coming in hot. What today we're going to
• 0:08
  Speaker 1: break down a little bit more on what's happening in
• 0:09
  Speaker 1: the DeFi ecosystem and what this means for Avalanche as
• 0:13
  Speaker 1: a chain. My name is Paul Barre. Welcome back in
• 0:15
  Speaker 1: a tech path. We're going to get into all that
• 0:16
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• 0:18
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  Speaker 1: All right, let's go over to a couple of the topics.
• 1:05
  Speaker 1: I want to hit on the main thing here, and
• 1:08
  Speaker 1: that is big news right here. MAInet launch happening on
• 1:12
  Speaker 1: December sixteenth. Looks like we are now live, are going
• 1:15
  Speaker 1: to be live very soon. Once the main net is launched,
• 1:17
  Speaker 1: you're going to see a lot of these projects starting
• 1:20
  Speaker 1: to move. You're going to see all these projects out there.
• 1:22
  Speaker 1: There's Dexslock, Shrapnel, Mel Gonzilla. The key here is this
• 1:27
  Speaker 1: is going to reduce costs, which means an absolute boom
• 1:31
  Speaker 1: in terms of opportunity for everything from e commerce, every
• 1:34
  Speaker 1: kind of project you can imagine that is rolling out,
• 1:36
  Speaker 1: including gaming on Avalanche. All right, so here's all of
• 1:40
  Speaker 1: the l ones. These are essentially the individual chains that
• 1:44
  Speaker 1: reside that what that is one of the key strategies
• 1:46
  Speaker 1: that makes Avalanche so unique. All of these are going
• 1:48
  Speaker 1: to be launching pretty much at the same time, so
• 1:51
  Speaker 1: a huge explosion overall. Here's Ty Haney and I think
• 1:54
  Speaker 1: you guys probably remember us doing a coverage on TYB
• 1:58
  Speaker 1: some time ago. This is a retail concept that is
• 2:01
  Speaker 1: I think going to be one of the bigger ones
• 2:04
  Speaker 1: that really start to expose the features of Avalanche. And
• 2:09
  Speaker 1: she posted up here on Twitter, congrats on the ETNA upgrade.
• 2:12
  Speaker 1: We're filling it And mainly what she's talking about is
• 2:15
  Speaker 1: the cost, so going from twenty five to twenty eight
• 2:18
  Speaker 1: way to now about three and that of course is
• 2:21
  Speaker 1: in testing, so we're going to see this in production soon.
• 2:23
  Speaker 1: This gets down to the whole point reduction in fees
• 2:27
  Speaker 1: for all of these projects.
• 2:29
  Speaker 2: Huge.
• 2:29
  Speaker 1: We had our biggest Day and New Year's in coin
• 2:32
  Speaker 1: redemption this week on the platform ever by far, and
• 2:35
  Speaker 1: you can kind of see just the growth that they've
• 2:37
  Speaker 1: had right there, three hundred and thirty one percent in
• 2:39
  Speaker 1: codes redeemed. So granted, this is, you know, kind of
• 2:42
  Speaker 1: a Black Friday thing, but the point being is that
• 2:44
  Speaker 1: you're going to see, I think an explosion in commerce
• 2:48
  Speaker 1: around and especially around Avalanche use cases. This could be
• 2:52
  Speaker 1: one of the biggest things happening in the avax ecosystem ever,
• 2:57
  Speaker 1: and that's not an overstatement. I want to jump to
• 2:59
  Speaker 1: this clip real quick because this will get into a
• 3:00
  Speaker 1: little bit more detail. On where these test nets are
• 3:04
  Speaker 1: coming and what they're going to look like. Take a look.
• 3:06
  Speaker 2: I've got one hundred and thirty five plus l one's
• 3:11
  Speaker 2: that are in test net that will be launching live
• 3:15
  Speaker 2: on main net in six months or so. So there's
• 3:18
  Speaker 2: going to be a deluge of activity that people think
• 3:21
  Speaker 2: happen overnight when it's been building for the last call
• 3:24
  Speaker 2: it quarter two and another two quarters.
• 3:26
  Speaker 1: Everybody, this is going to be happening so fast it's
• 3:29
  Speaker 1: going to feel like a lot of things are happening quickly,
• 3:32
  Speaker 1: but the reality is this is a lot of work
• 3:33
  Speaker 1: up to get to where they are now. One other
• 3:36
  Speaker 1: thing that is interesting here is these private chains that
• 3:40
  Speaker 1: are working with Avalanche. Because you don't see these most
• 3:43
  Speaker 1: likely we won't see those going live. I think what
• 3:45
  Speaker 1: we'll see is more of this retail concept from test
• 3:48
  Speaker 1: nets going live first, and then you're going to see
• 3:50
  Speaker 1: things like this So City, JP, Morgan, Fidelity, Swift, and
• 3:55
  Speaker 1: even Franklin Temple. And there's all of the banking connections
• 3:58
  Speaker 1: here that I think are looking at where the future
• 4:01
  Speaker 1: of Avalanche is going. All right, when you take a
• 4:03
  Speaker 1: look at Defai Lama here, this is kind of getting
• 4:05
  Speaker 1: into the overall transactions. Remember back in March, everybody understands
• 4:09
  Speaker 1: when that happened. That's when we saw our first time
• 4:11
  Speaker 1: of bitcoin. But also we saw a sixty plus dollars
• 4:15
  Speaker 1: or avalanche. So you look at that transaction layer and
• 4:19
  Speaker 1: then where we are right now. This could be the
• 4:22
  Speaker 1: beginning of an explosion of transaction, especially when you tie
• 4:25
  Speaker 1: this into the launches of these l ones. All of
• 4:29
  Speaker 1: this very bullish for avalanche. Here's another one right here
• 4:33
  Speaker 1: at breaking Pharaoh Exchange on Avax has now flipped Blackrock.
• 4:37
  Speaker 1: You guys probably have heard us talk a little bit
• 4:38
  Speaker 1: about this, but Pharaoh Exchange is a good example of
• 4:41
  Speaker 1: DeFi on AVAX and this of course is now number
• 4:45
  Speaker 1: seven in terms of the overall value lock. So this
• 4:49
  Speaker 1: is a big deal. I'll show a little bit more
• 4:51
  Speaker 1: about this. I want to go to a clip real
• 4:52
  Speaker 1: quick though. This we'll get into John wu talking a
• 4:56
  Speaker 1: little bit of where Larry Fink is heading and why
• 4:59
  Speaker 1: it's so that his strategy is working.
• 5:01
  Speaker 2: Take a look a year ago, why this happened and
• 5:04
  Speaker 2: started really happening was finally, you know, you have to
• 5:08
  Speaker 2: give I guess Larry Finks some credit here because finally
• 5:12
  Speaker 2: a titan in traditional finance who have been a no coiner,
• 5:15
  Speaker 2: you know, in twenty twenty one and suddenly realize the
• 5:18
  Speaker 2: virtues of tokenization and what it can do. They realized that, hey,
• 5:21
  Speaker 2: tokenization has its place in this world and can change things.
• 5:25
  Speaker 2: So then Fidelity as well was in there. They've been
• 5:29
  Speaker 2: in you know, they've had a digital research group for
• 5:30
  Speaker 2: a long time. So you needed a few of these
• 5:33
  Speaker 2: big players to actually endorse it and really make this
• 5:39
  Speaker 2: movement happen in about a year ago. So I think
• 5:42
  Speaker 2: that's why about year ago you really saw this take
• 5:45
  Speaker 2: off in some function, or at least the slope increased
• 5:49
  Speaker 2: a bit. It was. It's still not a step function
• 5:51
  Speaker 2: in terms of improvement.
• 5:53
  Speaker 1: There is a whole crop of investors that are built
• 5:56
  Speaker 1: around DeFi, mainly because they were in DeFi summer. They
• 6:00
  Speaker 1: to a chance to experience that we've seen it in
• 6:02
  Speaker 1: past cycles. And what this is created is an urgency
• 6:06
  Speaker 1: for DeFi and one of the reasons that people are
• 6:09
  Speaker 1: pouring into projects and exchanges like Pharaoh is because of
• 6:13
  Speaker 1: these rewards. And remember these DeFi djens will move quickly
• 6:18
  Speaker 1: just for as little as a one percent difference in
• 6:20
  Speaker 1: the yield. Look at what they're doing right now, Pharaoh.
• 6:23
  Speaker 1: Of course, if you wrap avalanchees at twenty two percent,
• 6:26
  Speaker 1: you come down and look at even if you go
• 6:28
  Speaker 1: into things like Avalanche and USDC, these are extremely aggressive yields. Now, granted,
• 6:34
  Speaker 1: these are kind of a bootstrap model of how they're
• 6:37
  Speaker 1: starting this up. The point being we're going to see
• 6:40
  Speaker 1: a lot of movement here within this ecosystem. And when
• 6:43
  Speaker 1: you look at the list right now on total value locked,
• 6:47
  Speaker 1: there's ben Key number one, that's nine hundred and six millions,
• 6:50
  Speaker 1: almost a billion dollars locked up. Let me kind of
• 6:52
  Speaker 1: zoom in on that for you, guys, ben Key right
• 6:54
  Speaker 1: at nine oh six, then you've got Ave. There's Trader
• 6:57
  Speaker 1: Joe one ninety six, go go pool, another reputable one
• 7:00
  Speaker 1: yield yak which is being used by a lot of people.
• 7:02
  Speaker 1: And then boom there at number seven is Pharaoh. So
• 7:05
  Speaker 1: Pharaoh most likely is going to accelerate quickly. One thing
• 7:09
  Speaker 1: to look at right here is where you can see
• 7:12
  Speaker 1: the growth coming. This is on total value locked right here.
• 7:14
  Speaker 1: Look at this acceleration here. Even if you just look
• 7:17
  Speaker 1: back into the month of November that was around nineteen million,
• 7:21
  Speaker 1: this is accelerated up to where it is now thirty
• 7:23
  Speaker 1: five million, so again very fast growth. This is kind
• 7:26
  Speaker 1: of that early stage of where DeFi starts to move
• 7:29
  Speaker 1: within the avalanche ecosystem. All right, So one thing to
• 7:32
  Speaker 1: look at is when you look at liquid staking and
• 7:34
  Speaker 1: if you consider DeFi, where the users are going to
• 7:38
  Speaker 1: go is where these yields are really starting to generate.
• 7:41
  Speaker 1: And if you look at just the top, let me
• 7:42
  Speaker 1: zoom in on these, you're going to recognize a lot
• 7:45
  Speaker 1: of these as solana ethereum and number thirteen holding in
• 7:49
  Speaker 1: right there is BENKEI. That's the first exchange or excuse me,
• 7:54
  Speaker 1: DeFi platform and leading the way right now in Avalanche.
• 7:57
  Speaker 1: So we're going to see I think Avalanche starting to
• 7:59
  Speaker 1: really start to see an acceleration and DeFi. Now, with
• 8:02
  Speaker 1: all that being said, many people always ask where do
• 8:05
  Speaker 1: you trade these tokens? Where can you get to them? This,
• 8:07
  Speaker 1: of course is one of those decks. A lot Aerodrome
• 8:09
  Speaker 1: both we've talked about quite a bit. Both of these
• 8:12
  Speaker 1: again are also accelerating, mainly because of the avalanche ecosystem
• 8:17
  Speaker 1: as a whole that is really starting to move. So
• 8:19
  Speaker 1: we could be on the very verge of some pretty
• 8:22
  Speaker 1: big movement One thing to note also if you just
• 8:26
  Speaker 1: look at DeFi Lama, here is some of these DEXes
• 8:29
  Speaker 1: and the aggregators, and of course we're starting to see
• 8:32
  Speaker 1: the first real upward trends. So this of course gets
• 8:35
  Speaker 1: in defive meme, coins, et cetera, all of that showing
• 8:38
  Speaker 1: upward trends for Avalanche. So here's chance markets is up
• 8:41
  Speaker 1: and running now. We actually, I think we announced that
• 8:43
  Speaker 1: the other day on the show and we kind of
• 8:45
  Speaker 1: said be watching for this one. The token is predict,
• 8:48
  Speaker 1: but this is another prediction market. Think of it as
• 8:50
  Speaker 1: poly market for Avalanche. Another big reason why we're going
• 8:54
  Speaker 1: to continue to see more projects like this starting to
• 8:56
  Speaker 1: take off. Here's coin Gecko now also being able to
• 8:59
  Speaker 1: track predict even though it's brand new, So when you
• 9:01
  Speaker 1: go over there, understand that it's brand new on there.
• 9:04
  Speaker 1: But this is huge because it's going to start to
• 9:07
  Speaker 1: open up these prediction markets on Avalanche. That of course
• 9:10
  Speaker 1: is another bullish sign for where Avalanche is going. One
• 9:14
  Speaker 1: other thing to hit on from the gaming side of things,
• 9:16
  Speaker 1: this is shatter Line, which is getting ready to go
• 9:18
  Speaker 1: live on the Epic Game Store December the fifth, another
• 9:21
  Speaker 1: first person shooter that will be maybe as popular we'll
• 9:26
  Speaker 1: see as Gunzilla and what we saw with Off the Grid.
• 9:29
  Speaker 1: So again gaming ecosystem very very positive on Avalanche. One
• 9:34
  Speaker 1: other thing I want to take a look at is
• 9:36
  Speaker 1: Retro nine thousand, and if you guys remember we covered
• 9:38
  Speaker 1: a little bit about this. This is kind of like
• 9:39
  Speaker 1: an incubator of sorts, so they're helping to foster the
• 9:43
  Speaker 1: growth that these are companies that are not even in
• 9:45
  Speaker 1: the subnets yet, So these are all based on community votes.
• 9:49
  Speaker 1: And when you look at the list here, one of
• 9:51
  Speaker 1: the main ones which is leading the way right now
• 9:54
  Speaker 1: out of sixty projects, this of course is a game project.
• 9:57
  Speaker 1: So is Avalanche really focused in and are the Avalanche
• 10:02
  Speaker 1: lovers really a gaming ecosystem when you look at the
• 10:05
  Speaker 1: new projects, it appears to be that when you look
• 10:08
  Speaker 1: at the fact that it's the number one, I want
• 10:10
  Speaker 1: to go to another clip here because this will get
• 10:12
  Speaker 1: into kind of the layer of opportunity that exist within
• 10:16
  Speaker 1: Avalanche and how this might happen with John Wu take a.
• 10:19
  Speaker 2: Look literly when the NFT crazed, when nuts met a
• 10:22
  Speaker 2: mask went from a few hundred thousand or a million
• 10:24
  Speaker 2: solo wallet's to twenty one million. So we have defive
• 10:28
  Speaker 2: to thank for the value that's come into the system.
• 10:31
  Speaker 2: We have NFTs to thank for adoption for traditional keypad.
• 10:36
  Speaker 1: The other thing that starts to play into this is
• 10:39
  Speaker 1: the e commerce side of things, and why is it
• 10:41
  Speaker 1: so important that Avalanche could be the e commerce chain. Well,
• 10:44
  Speaker 1: if you just look at the TikTok band, this is
• 10:46
  Speaker 1: happening in forty six days. We've done a couple of
• 10:48
  Speaker 1: videos out there trying to figure out who and what
• 10:51
  Speaker 1: chain might end up being a benefactor. Avalanche could still
• 10:55
  Speaker 1: be in there, Polkadoc could be in there. We're kind
• 10:57
  Speaker 1: of leaning on Avalanche being a potential suitor for where
• 11:01
  Speaker 1: TikTok could be going. In terms of technology, when you
• 11:03
  Speaker 1: think about e commerce, now you look at the data.
• 11:06
  Speaker 1: Here's some data right here, Marcus size of live streaming
• 11:09
  Speaker 1: e commerce in China. This is twenty nineteen to twenty three.
• 11:12
  Speaker 1: Look at the growth we've seen just in trillion yon.
• 11:16
  Speaker 1: Then this is a good example of how e commerce
• 11:18
  Speaker 1: is being done in social vib So I want to
• 11:20
  Speaker 1: go further into this with another clip. This is Gary
• 11:23
  Speaker 1: Vee talking about where he thinks this is going. Take
• 11:25
  Speaker 1: a look, sell.
• 11:26
  Speaker 2: Me on this.
• 11:26
  Speaker 3: Why do I need something more than what's already selling
• 11:29
  Speaker 3: me on Instagram. Unbelievable amounts of people making over a
• 11:32
  Speaker 3: million dollars a month already on TikTok live shopping.
• 11:35
  Speaker 1: Those are vendors.
• 11:36
  Speaker 2: Those are essentially companies selling influence. If the listeners aren't
• 11:39
  Speaker 2: making a million dollars a month.
• 11:41
  Speaker 3: Yes, and yes, right so they have a product, yes
• 11:45
  Speaker 3: as well to that and hawking a product, yes to
• 11:48
  Speaker 3: that as well. This is Look, this is going to
• 11:50
  Speaker 3: be massive Berce.
• 11:51
  Speaker 2: Social media companies make money on this.
• 11:53
  Speaker 3: Yes, this has been going on for a decade in China.
• 11:56
  Speaker 3: I've literally been waiting for ten years for this. There's
• 11:59
  Speaker 3: no in twenty twenty five. I can't wait to come
• 12:02
  Speaker 3: back in six to twelve months when this happens. There's
• 12:03
  Speaker 3: no shot that Meta, TikTok, YouTube, Google are not going
• 12:09
  Speaker 3: to be yelling and screaming about this. X will have this.
• 12:11
  Speaker 2: This is too big, it's happened.
• 12:13
  Speaker 3: Who was the best at it so far? TikTok, and
• 12:15
  Speaker 3: it's not tell us that the battleground on social will
• 12:18
  Speaker 3: impact every single every single stock on the market.
• 12:22
  Speaker 1: If blockchain connects to TikTok and this has the leading way,
• 12:26
  Speaker 1: well then you see the future of where this is going,
• 12:29
  Speaker 1: and of course Avalanche could be right there in the
• 12:31
  Speaker 1: center of this. What he thinks is the transition is
• 12:34
  Speaker 1: now occurring. Timing is very interesting as you've got blockchain
• 12:37
  Speaker 1: starting to a ligne up with social, You've got social
• 12:40
  Speaker 1: possibly shifting into the use case of blockchain, whether we
• 12:44
  Speaker 1: see it on x TikTok, Meta or others. I think
• 12:48
  Speaker 1: you're going to see a huge rush in on this,
• 12:50
  Speaker 1: and he's exactly right. This is going to get into
• 12:52
  Speaker 1: some interesting points because it's going to enable small brands.
• 12:57
  Speaker 1: I hate to keep mentioning toyb but that's a good
• 12:59
  Speaker 1: example as a use case a small brands, influencers, personality, celebrities,
• 13:04
  Speaker 1: et cetera, all starting to shift to the blockchain, because
• 13:07
  Speaker 1: that will be the way that e commerce has done
• 13:10
  Speaker 1: further out, if you look at what toib was talking
• 13:13
  Speaker 1: about right now, brands are using toybu increased sales on
• 13:15
  Speaker 1: Black Friday, Cyber Monday, good example right there before and
• 13:20
  Speaker 1: then after. And of course if you look at the
• 13:23
  Speaker 1: value of blockchain in general, everybody always says, well, where's
• 13:26
  Speaker 1: Avalanche going. Let's just look at a conversion here. If
• 13:32
  Speaker 1: Avalanche goes into an XRP zone in terms of market cap,
• 13:36
  Speaker 1: that would be the top for Avalanche right there, three
• 13:41
  Speaker 1: seventy seven. So whether you believe that or not, the
• 13:44
  Speaker 1: key is is if you just look at the capacity
• 13:46
  Speaker 1: of with all of this happening at the same time,
• 13:49
  Speaker 1: all of these l ones going live, commercial starting to
• 13:53
  Speaker 1: shift into a new style of retail, and blockchain being
• 13:57
  Speaker 1: at the center defive playing into this and gaming. It
• 14:01
  Speaker 1: just seems like all the eyes are dotted for Avalanche.
• 14:05
  Speaker 1: So we're going to continue to watch this one very
• 14:07
  Speaker 1: closely and give you guys more updates on that. If
• 14:10
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• 14:21
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