Frictionless

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.