Logan Jastremski

Logan Jastremski × Mike Dudas

Dudas’s token test is whether value accrues somewhere and reaches holders, making governance-only designs vulnerable when insiders redirect fees.6MV pairs Pump.fun and sub-hour prediction markets with Squads, Dakota, Morpho, Aave, and Kamino as crypto shifts toward application-layer cash flow.The unresolved catalyst is whether meme-driven products can graduate users into better assets, as many L1, L2, and infrastructure tokens may disappear.

Logan Jastremski × Rob Hadick

Finance is moving onchain through stablecoins, tokenized assets, and collateral, while product, distribution, and revenue capture value more reliably than decentralization alone.Settlement may modernize before Visa and payment economics disappear, with fees redistributed toward consumers; the upside is a funnel for very large companies, but execution still depends on real-time infrastructure, monetization, and product-market fit.

Logan Jastremski × Tarun Chitra

Crypto’s investable edge is shifting from protocol tokens toward wallets, order flow, and execution as the sector becomes “TradFi plus.”Stablecoins rising from roughly $300 billion to $1 trillion could drive more than 3x lending and trading growth, while Hyperliquid offers clearer accrual.Agent-directed retail flow at 20-30% of volume could reshape market timing, with wrapper economics and compute settlement still unresolved.

Jason Yanowitz × Santiago Roel Santos × Logan Jastremski

Logan Jastremski revises the Frictionless thesis: value L1s like exchanges through volume and take rate, since throughput without execution produces no revenue.Solana’s $2.5B daily volume signals exchange-scale TAM, while Hyperliquid’s product and commodities traction, decentralization question, and unresolved perps execution remain key watchpoints.