David Hoffmann

This is a dashboard, DunaList dashboard from Hildabi of average blob count per block.

And you could see we were just about reaching the ceiling of demand starting to exceed supply.

And then we just got another boost upgrade, another blob stimulus upgrade.

upgrade, and we're going to get another one.

It's going to be a while before L2s probably hit those things.

Well, it depends on how fast they grow.

At a very frequent cadence.

This is kind of a Javon's paradox type thing of like, you know, the more, the cheaper the cost, the cheaper the resource, the more that will be consumed.

And I think that's exactly what's happening here.

David, I want to tell you about the different world we are in from a regulatory perspective.

And I know we've covered this so much, but every time I look at it and zoom out, I'm just like...

Yeah, okay, so Regulator's doing a complete 180 on crypto this year, and it really feels to me like, do you know like in the Disney movies when the spell is broken and the villain gets, or like take Lord of the Rings, you know, Sauron, the ring gets cast in the fire and Sauron's tower collapses and all of the darkness fades away.

That's what's happening right now is all of the darkness is receding from... Is Gary Gensler Sauron in this example?

Yes, pretty much.

Anyway, let's talk about three agencies here and what they're doing.

So the first is the SEC.

The SEC is ending a two-year investigation into Ondo Finance tokenization platform.

I want to zoom out and remind you that the SEC had enforcement actions in close to 20 different crypto companies, many of these notable organizations.

A dozen inquiries and lawsuits have now ended with no enforcement, Ando being the latest.

So, and we had Corey Frayer on, who was actually Gary Gensler's lieutenant, and he didn't like this at all.