Ryan

Investing in ICOs and whether or not tokens will suck in 2026.

Does Hyperliquid further entrench itself or does it get a competitor?

Big questions and topics that guide liquid market investing in crypto.

Arnav, welcome back to Bankless.

I'm excited for this conversation.

There's just a smorgasbord, a charcuterie board of relevant topics that I think really guide investment decision making, as I kind of just alluded to, for this year.

And we're starting this year off fresh.

I think everyone has maybe some chips that they would like to place on the table.

I am not fully deployed.

I don't think Brian is fully deployed.

And I think there's a lot of people like that who are just confused about how to invest in 2026.

So I want to go through some of the big topics.

that I just mentioned.

Let's start with Ethereum and Solana duopoly.

This is something that you wrote something in the Bankless newsletter about.

The duopoly of Ethereum and Solana will become clear in 2026.

Ethereum is the slow risk DeFi chain for real world assets, money markets.

Solana is the home of consumer crypto and moving towards the decentralized Nasdaq vision with FireDancer and Alpenglow.

I think what you're kind of alluding to, Arnav, is that

This is kind of it.