Latest / The Paul Barron Crypto Show / USDC Launches on SUI💥Solana SHOTS FIRED!

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USDC Launches on SUI💥Solana SHOTS FIRED! · The Paul Barron Crypto Show

• 0:06
  Speaker 1: Shots are fired now between blockchains, and of course suiy
• 0:08
  Speaker 1: and Solana are going head to head in a battle
• 0:12
  Speaker 1: of titans.
• 0:12
  Speaker 2: We're going to break it all down for you guys today.
• 0:14
  Speaker 1: You don't want to miss it. My name is Paul Berre.
• 0:15
  Speaker 1: Welcome back in a tech path. I want to thank
• 0:17
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• 0:20
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• 0:38
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• 0:40
  Speaker 1: one hundred dollars in funding.
• 0:42
  Speaker 2: Let's get over to this first tweet right here, Suey.
• 0:45
  Speaker 1: This was coming directly from the Sui network, and of
• 0:48
  Speaker 1: course you can kind of see Evan we interviewed him.
• 0:51
  Speaker 2: If you guys didn't catch that video, go back and
• 0:53
  Speaker 2: check it out. That was our video.
• 0:54
  Speaker 1: Got some good traction over there, so nice job on
• 0:58
  Speaker 1: the Sui team for out there promoting it. And of
• 1:00
  Speaker 1: course when you look at one of the biggest news
• 1:02
  Speaker 1: items out there is this right here, and of course
• 1:05
  Speaker 1: that is Phantom now allowing Base to come into the
• 1:09
  Speaker 1: Phantom app. Now think about this for a second. If
• 1:12
  Speaker 1: you've got Phantom now having Base as a solution within
• 1:17
  Speaker 1: the app, what does that do to Salona? Because Solana
• 1:19
  Speaker 1: has pretty much been the titan within the Phantom app.
• 1:23
  Speaker 1: Does this have any effect on Salon? I think it will,
• 1:26
  Speaker 1: and this could play out into a lot of the
• 1:28
  Speaker 1: scenarios for a Solana and Suey dogfight, So we'll be
• 1:34
  Speaker 1: watching this one closely. One other thing that's happening right here,
• 1:37
  Speaker 1: Drop is in This is another wallet for Sui that
• 1:40
  Speaker 1: is very tied into meme coins. Most likely we're going
• 1:42
  Speaker 1: to see a lot more activity. I'll talk about that
• 1:44
  Speaker 1: in a second of why meme coins I think are
• 1:46
  Speaker 1: going to explode on Suey and we have anticipated a
• 1:48
  Speaker 1: few networks out there to kind of get into the
• 1:52
  Speaker 1: meme craze, and I think that is the factor. One
• 1:54
  Speaker 1: of the things that has held up meme tokens and
• 1:57
  Speaker 1: Suey to a certain extent has been just stable coins.
• 2:01
  Speaker 1: And of course USDC is now available on chain with suiy,
• 2:04
  Speaker 1: So if you are using a Sui wallet. In the past,
• 2:07
  Speaker 1: when I tried to get to blub, I had to
• 2:09
  Speaker 1: buy Suy move Suey to that wallet U Suey as
• 2:13
  Speaker 1: as basically the gas to get my blub and that
• 2:17
  Speaker 1: being a meme token, which i'll show here in a second.
• 2:19
  Speaker 1: This is going to change things dramatically in the meme
• 2:23
  Speaker 1: token arena, but also just in terms of liquidity, So
• 2:26
  Speaker 1: a big, big win.
• 2:28
  Speaker 2: And when I had Evan on.
• 2:30
  Speaker 1: Last time, it was two weeks ago, he mentioned this
• 2:32
  Speaker 1: very issue and it's so good to see a chain
• 2:36
  Speaker 1: actually follow through and say and he did say it
• 2:39
  Speaker 1: was going to happen very soon. Well it's happened today.
• 2:41
  Speaker 1: So big news on the for coin front right there.
• 2:45
  Speaker 1: Coinbass assets of course tweeting right here. Assets are adding
• 2:48
  Speaker 1: to the roadmap today USDC on SUI, so most likely
• 2:51
  Speaker 1: we'll see coinbase lining up as this as well other
• 2:54
  Speaker 1: things that are going on. And I want to kind
• 2:56
  Speaker 1: of just show you something when you add a stable
• 2:59
  Speaker 1: coin to a blockchain, and I hope Cardono is listening
• 3:03
  Speaker 1: in on this.
• 3:03
  Speaker 2: Because this is what they need to do. But this
• 3:05
  Speaker 2: is a good example of Solana.
• 3:08
  Speaker 1: When USDC stable coins were added, including the stable coin
• 3:12
  Speaker 1: market cap daily active addresses also went up with it,
• 3:16
  Speaker 1: and you can kind of see there's the growth level
• 3:19
  Speaker 1: of a chain that has good liquidity and a course
• 3:22
  Speaker 1: access to.
• 3:22
  Speaker 2: A stable cooin.
• 3:23
  Speaker 1: That's one of the key things that we're most likely
• 3:26
  Speaker 1: going to see. Another thing to look at is just
• 3:29
  Speaker 1: in general the net flows when you look at let
• 3:32
  Speaker 1: me kind of zoom in on this right here. If
• 3:34
  Speaker 1: you look at top fifteen net flows right now, Sue
• 3:36
  Speaker 1: has been able to maintain this number three without a
• 3:40
  Speaker 1: stable coin, so that in itself could really represent a
• 3:44
  Speaker 1: big move up over Optimism's main net and possibly challenge
• 3:48
  Speaker 1: Solana as the top fifteen net flows by chain. So
• 3:54
  Speaker 1: pretty big news out here. I think this is where
• 3:55
  Speaker 1: it's going to get to latest. Also, twenty seven percent
• 3:58
  Speaker 1: of Soul's outflows last month we're going into Sue.
• 4:02
  Speaker 2: So as you can see, there.
• 4:03
  Speaker 1: Are a little bit of movement here, a little bit
• 4:05
  Speaker 1: of swapping with tokens. And of course, if you guys
• 4:07
  Speaker 1: are and have been on Salon since you know, the
• 4:10
  Speaker 1: early days with us, then maybe it's time to take
• 4:13
  Speaker 1: some profits and take a look at some other alternatives
• 4:15
  Speaker 1: out there. And of course that's one to watch for sure.
• 4:19
  Speaker 1: The other thing that's happening. Of course, Solana's not setting
• 4:22
  Speaker 1: on their hands. Jupe Mobile is now live on the
• 4:24
  Speaker 1: App Store, so that at least did launch today. There
• 4:28
  Speaker 1: are some things though that I think is probably more
• 4:30
  Speaker 1: in response to some of the other chains, including Sui
• 4:33
  Speaker 1: and some of the movements that have been happening since breakpoint.
• 4:37
  Speaker 1: I want to go to a quick clip because this
• 4:39
  Speaker 1: is Jupiter's mobile ad, and just watch it and then
• 4:44
  Speaker 1: I'll respond to it.
• 4:44
  Speaker 2: Take a look out.
• 5:10
  Speaker 1: Did you guys catch at what they were trying to
• 5:12
  Speaker 1: do there, because this was to me when I look
• 5:14
  Speaker 1: at advertising and in general, you don't necessarily want to
• 5:17
  Speaker 1: focus on some of the failings of it, and that
• 5:20
  Speaker 1: is the issue. First of all, Jupe is a great platform,
• 5:23
  Speaker 1: but when you have scenarios where transaction swaps are not
• 5:27
  Speaker 1: going through, you get that failed mechanism. And of course
• 5:30
  Speaker 1: what they're highlighting there was that this automation that's going
• 5:33
  Speaker 1: to be helping failed transactions go through, and I think
• 5:37
  Speaker 1: that is something that I probably would have left out
• 5:39
  Speaker 1: of the ad. But just you know, just me is
• 5:43
  Speaker 1: instead of retry. So all right, so this clip is
• 5:46
  Speaker 1: where it all begins. This is shots fired coming over
• 5:49
  Speaker 1: the bow from Sui over to Salona. This is the
• 5:52
  Speaker 1: mist in labs. That's Sui and their co founder talking
• 5:55
  Speaker 1: about out to just take a look.
• 5:57
  Speaker 3: Obviously some networks have struggled, and do you become battle taste.
• 6:01
  Speaker 3: It could happen right where you just get a huge
• 6:03
  Speaker 3: inflex of users and it's going to taste your system.
• 6:05
  Speaker 3: And that's the question.
• 6:06
  Speaker 4: The amount of users Web three today is so low
• 6:09
  Speaker 4: that the outages are happening now are pitiful, like it
• 6:12
  Speaker 4: should not be happening. There are enough users of Web
• 6:14
  Speaker 4: three to take SWEE down right. So the amount of
• 6:17
  Speaker 4: scale that you know, leading let l ones proposed to
• 6:21
  Speaker 4: have is just not there. You might say you're having
• 6:23
  Speaker 4: one hundred million transactions hidden a network, but realistically it's not.
• 6:28
  Speaker 4: It's the numbers of way smaller. With benchmarks, would SWEE
• 6:32
  Speaker 4: our smallest configuration to turn the ninety three to the
• 6:35
  Speaker 4: ninety seven thousand transfers per second that is more than
• 6:38
  Speaker 4: Visa MX MasterCard combined. And if that's not enough, validators
• 6:43
  Speaker 4: can double capacity trouble capacity. We've proven that you add
• 6:46
  Speaker 4: seven times to capacity, use seven exo through put, and
• 6:49
  Speaker 4: you increase the latency by zero. That's how scale works.
• 6:52
  Speaker 4: We have no worries about being able to take on
• 6:54
  Speaker 4: the world's demands. But I think the other networks do,
• 6:57
  Speaker 4: which is why they have to quote a TPS or
• 6:59
  Speaker 4: they have to quote these numbers to show that they've
• 7:01
  Speaker 4: got some element of ability to deal with demand.
• 7:05
  Speaker 1: So we know who he's talking about. And of course
• 7:08
  Speaker 1: that has been one of the challenges that Salona has
• 7:10
  Speaker 1: faced for quite some time. It's not new, and the
• 7:14
  Speaker 1: chain has been able to sustain with in terms of
• 7:17
  Speaker 1: transaction growth and a lot of advancements. I was a
• 7:20
  Speaker 1: little disappointed in a breakpoint this year. You know, when
• 7:23
  Speaker 1: you look at the amount of advancements that are starting
• 7:25
  Speaker 1: to take place. Advancements on Suey, though, are not slowing down.
• 7:29
  Speaker 1: One of them is get stashed. This is sending assets
• 7:32
  Speaker 1: that are going to kind of web two platforms and
• 7:36
  Speaker 1: if I zoom in on that, you're going to notice
• 7:38
  Speaker 1: here simply create a link and you can share it
• 7:39
  Speaker 1: so you can do this with Google, Twitch and then
• 7:42
  Speaker 1: of course connect your water. Also one of the things
• 7:44
  Speaker 1: that's coming is they have the potential coming in on Facebook.
• 7:48
  Speaker 1: I want to show you a clip real quick, take
• 7:49
  Speaker 1: a look.
• 7:50
  Speaker 4: What's the vision for sweet in the future.
• 7:52
  Speaker 3: I mean, would I be able to log into my
• 7:53
  Speaker 3: Facebook accounts or something like that and use it to
• 7:55
  Speaker 3: tap and pay for every day good?
• 7:58
  Speaker 4: Absolutely, I think you'd be able to do that before
• 7:59
  Speaker 4: the end of year.
• 8:01
  Speaker 3: I'll hold you to that.
• 8:02
  Speaker 2: Yeah.
• 8:02
  Speaker 1: Absolutely, mean, well so end of year when they say
• 8:05
  Speaker 1: that they're going to do it. I mean when I
• 8:08
  Speaker 1: had the interview with Evan, I was surprised that he
• 8:11
  Speaker 1: promised certain things, especially the stable coin, and in reality
• 8:15
  Speaker 1: they delivered on that very succinctly.
• 8:17
  Speaker 2: So I like that about chains.
• 8:20
  Speaker 1: When they are so confident that they're going to be
• 8:22
  Speaker 1: able to achieve a certain amount of technology, that's a
• 8:25
  Speaker 1: big deal going forward because Web two to Web three
• 8:27
  Speaker 1: is going to take time for adoption, and if we
• 8:30
  Speaker 1: can see more of it, and I'll show you some
• 8:31
  Speaker 1: more material here that I think will convince you. But
• 8:35
  Speaker 1: one of the things that I'm looking at, of course,
• 8:37
  Speaker 1: has been the transactions, and they've pretty much exploded over
• 8:40
  Speaker 1: the last thirty days we've seen, which is why we've
• 8:42
  Speaker 1: seen Suey continue to climb the ranks in terms of
• 8:46
  Speaker 1: token size and also just in general the profitability that
• 8:49
  Speaker 1: we've seen on this token in terms of just the
• 8:52
  Speaker 1: last thirty days. Look at the last seven days on
• 8:54
  Speaker 1: this how quickly transactions are continuing to grow.
• 8:57
  Speaker 2: I think this is just the beginning.
• 8:59
  Speaker 1: For sue And if you look at the scenario of
• 9:02
  Speaker 1: active accounts also all trending up. That's the three month.
• 9:06
  Speaker 1: Here's the new coins on token are on the Seuey blockchain.
• 9:10
  Speaker 1: This is the area where we're going to see a
• 9:11
  Speaker 1: lot more meme coins. And think about this, just like Solana,
• 9:16
  Speaker 1: tens of thousands of these things are out there, and
• 9:18
  Speaker 1: this is an opportunity really because Suey has not had
• 9:21
  Speaker 1: the liquidity.
• 9:23
  Speaker 2: Of a stable coin.
• 9:24
  Speaker 1: This could change the format of how we see projects
• 9:28
  Speaker 1: launched over on Suey.
• 9:29
  Speaker 2: So big deal.
• 9:30
  Speaker 1: Here's a good example of comparing the two chains. If
• 9:33
  Speaker 1: you look at just Suey versus Solana right here on
• 9:36
  Speaker 1: total value locked. Look at the difference right here, guys,
• 9:40
  Speaker 1: there is a massive amount of upside here for Suey
• 9:44
  Speaker 1: being in the green right there. So one point seven
• 9:46
  Speaker 1: billion locked on Seuey versus twelve billion on Solana right now.
• 9:51
  Speaker 1: The other thing that's going into this is the project leaderboard.
• 9:54
  Speaker 1: These are different projects DAPs that are on Suey. One
• 9:57
  Speaker 1: that was pretty impressive to me is the leader. And
• 10:00
  Speaker 1: the reason is this is a social fi platform called
• 10:03
  Speaker 1: Record five hundred and forty thousand accounts when you go
• 10:07
  Speaker 1: over to their website. This essentially is kind of a
• 10:09
  Speaker 1: hybrid of a TikTok model ads. You basically get paid
• 10:14
  Speaker 1: for one hundred percent. You can sell your videos, you
• 10:17
  Speaker 1: can do a lot of different features. It's designed to
• 10:19
  Speaker 1: kind of respond to content on social and it's got
• 10:24
  Speaker 1: a lot of other features coming including transfer money being
• 10:27
  Speaker 1: able to go into This is something we talk about
• 10:29
  Speaker 1: on social quite a bit. I think that in itself
• 10:32
  Speaker 1: is very interesting because social fi, I think is one
• 10:35
  Speaker 1: of the areas that we're going to see disrupted so
• 10:39
  Speaker 1: much with blockchain so much. So have you been watching
• 10:42
  Speaker 1: our videos, We've been talking about what's happening with TikTok.
• 10:45
  Speaker 1: Guess what a lot more is going to happen with TikTok,
• 10:47
  Speaker 1: possibly over on the Polkara chain. So go check yesterday's
• 10:51
  Speaker 1: video out You'll get what I'm talking about there on
• 10:53
  Speaker 1: that one. The other thing to look at right here,
• 10:55
  Speaker 1: of course, is the meme coin activity. Now remember sunpomet
• 11:00
  Speaker 1: versus pump dot fun Now some pump This is the
• 11:03
  Speaker 1: red right here.
• 11:03
  Speaker 2: I'm just kind of zooming on that for you a
• 11:05
  Speaker 2: little bit. This was tron.
• 11:07
  Speaker 1: We thought we might see some moves there, remember SunDog
• 11:11
  Speaker 1: and some others that had some significant upside, But everybody
• 11:15
  Speaker 1: went right back to pump dot fun after this faded off. Well,
• 11:18
  Speaker 1: Suey is just now getting into the meme coin race,
• 11:21
  Speaker 1: and I think this will be the question that we've
• 11:24
  Speaker 1: got to look at potentially going into this bull run.
• 11:26
  Speaker 1: Another thing I want to get into is the Miston
• 11:30
  Speaker 1: Labs co founder talking about the same event. He was
• 11:33
  Speaker 1: talking about meme coins versus Suey gaming.
• 11:35
  Speaker 3: Listen to what he said, what do you think of
• 11:37
  Speaker 3: all the distractions then this year, you know, celebrity meme
• 11:40
  Speaker 3: coins on Salana and another change. They've all got them
• 11:42
  Speaker 3: And is it a distraction or does it draw people
• 11:45
  Speaker 3: in and potentially drive some adoption.
• 11:47
  Speaker 4: So I think the worst use case to on board
• 11:50
  Speaker 4: the mass market two is that kind of activity. Quite frankly,
• 11:54
  Speaker 4: our goal is to drive the three point three billion
• 11:56
  Speaker 4: gamers into Swee and anybody that wants to do in
• 11:58
  Speaker 4: the form mccombers into Swee. So we're focused on real
• 12:01
  Speaker 4: impactful use cases at the scale of the world rather
• 12:04
  Speaker 4: than the minute world of Web three that existed in
• 12:07
  Speaker 4: You do need to have some element of experimentation in
• 12:10
  Speaker 4: the web pre space to figure out the real use cases.
• 12:13
  Speaker 4: I just think let's be careful to make that the
• 12:15
  Speaker 4: defining product of the space.
• 12:17
  Speaker 1: Maybe Solana has been defined by the meme and a
• 12:21
  Speaker 1: lot of the gaming ecosystem that has been built upon it.
• 12:24
  Speaker 1: We haven't seen a lot of releases in terms of
• 12:26
  Speaker 1: new major advancements, and I think Solana Pay is the
• 12:30
  Speaker 1: one that I'm most disappointed with, along with Salona Mobile
• 12:33
  Speaker 1: to a certain extent, that has not really achieved the level. Sure,
• 12:36
  Speaker 1: granted they have achieved a lot in a very short
• 12:39
  Speaker 1: period of time and especially in the early stages, but
• 12:42
  Speaker 1: eventually you're gonna have to crack through on all this stuff.
• 12:45
  Speaker 1: If you look at some of the meme coins over
• 12:47
  Speaker 1: on sweet this is one that we've tracked. This was
• 12:50
  Speaker 1: blub and if you guys have been following us, and
• 12:52
  Speaker 1: if you're in our diamond circle, you probably got notified
• 12:55
  Speaker 1: on this one because this is a trade that we made.
• 12:57
  Speaker 1: This is a nice little move here just since September
• 13:00
  Speaker 1: into where it is right now of almost nine x
• 13:03
  Speaker 1: that's eight hundred almost nine hundred percent growth.
• 13:05
  Speaker 2: This is on Sui. You can get it within the
• 13:08
  Speaker 2: Sui wallet.
• 13:09
  Speaker 1: And now that we've got USDC, I say we Suey
• 13:12
  Speaker 1: has USDC the likelihood of flexibility a lot more meme tokens.
• 13:17
  Speaker 1: Watch this token and also watch this chain. I think
• 13:20
  Speaker 1: we're going to see some activity come in our way.
• 13:22
  Speaker 1: The other thing of course coming into it, and this
• 13:24
  Speaker 1: is the knock on Sui. I would say, if you're
• 13:27
  Speaker 1: listening out there, Sui team, if you're going to be
• 13:30
  Speaker 1: a gaming project blockchain, you've got to really dive in
• 13:34
  Speaker 1: and get more gaming. So I think the biggest thing
• 13:37
  Speaker 1: for sue this is their gaming page, is to get
• 13:40
  Speaker 1: out there and really get moving on the devs and
• 13:43
  Speaker 1: try to get more gamer devs moving this direction.
• 13:47
  Speaker 2: And I think many.
• 13:47
  Speaker 1: People would look at this gaming is going to be
• 13:49
  Speaker 1: one of the killer apps of blockchain in general, so
• 13:51
  Speaker 1: they do need that. So it's not all you know,
• 13:54
  Speaker 1: roses and daffodils over here. So of course, Jonas for
• 13:58
  Speaker 1: Suey Connect is coming up in Dubai on the fourteenth
• 14:01
  Speaker 1: of October, and just as a reminder, guy, sue does
• 14:03
  Speaker 1: not pay us to do this nor does Polka Dot
• 14:05
  Speaker 1: pay us to do the video yesterday. These are just
• 14:08
  Speaker 1: our analysis looking at. Sure we like these tokens absolutely,
• 14:12
  Speaker 1: any kind of token out there or technology that advances
• 14:16
  Speaker 1: and can show true project movement, then that's what we're
• 14:19
  Speaker 1: looking at. I'm going to be watching what they're talking
• 14:21
  Speaker 1: about over here at Suey Connect just around the corner.
• 14:24
  Speaker 1: It may not be a big event, but I'm very
• 14:26
  Speaker 1: curious what they'll be saying. So we'll give you guys
• 14:29
  Speaker 1: a full breakdown of it when it happens next week.
• 14:31
  Speaker 2: For sure.
• 14:32
  Speaker 1: Further into this, I just want to take a quick
• 14:35
  Speaker 1: look over here on coin market cap. So if you
• 14:37
  Speaker 1: look at coin market cap today, we're at mark six
• 14:41
  Speaker 1: trillion volume at a seventy five billion if you take
• 14:44
  Speaker 1: a look at the market cap, and we'll go over
• 14:47
  Speaker 1: here and sort this by fully diluted, all right, And
• 14:50
  Speaker 1: if we come down here to Suey fully diluted, the
• 14:54
  Speaker 1: likelihood it's holding it the number nineteen slot right now.
• 14:57
  Speaker 1: But really this is easily in a position work at
• 15:00
  Speaker 1: flip ton coin possibly even make some challenges ton cooin
• 15:04
  Speaker 1: most likely if you take a look at the market.
• 15:06
  Speaker 2: Cap in general.
• 15:08
  Speaker 1: Suie of course down here easily could start to make
• 15:11
  Speaker 1: its way at five bill coming across, maybe all the
• 15:14
  Speaker 1: way up into a top ten token, depending on if
• 15:18
  Speaker 1: it can escape and get past Sheba. And of course Avalanche,
• 15:22
  Speaker 1: which I think is going to be a big one.
• 15:24
  Speaker 1: But remember Avalanche most likely not going to stay still
• 15:26
  Speaker 1: whether we see Cardono fall out of that, and maybe
• 15:29
  Speaker 1: ton Cooin, I don't know. With what's happening with this
• 15:30
  Speaker 1: cord that may not necessarily happen. There's a lot of
• 15:33
  Speaker 1: things happening right now within blockchain, social technology advancement that
• 15:38
  Speaker 1: is all starting to come together all at once, So
• 15:41
  Speaker 1: keep an eye on us, and of course what's happening.
• 15:43
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• 15:46
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• 15:48
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• 15:50
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• 15:53
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• 15:55
  Speaker 1: you next time right here on tech Pathet