Infinite Jungle

On Ep. 76 of Infinite Jungle, Christine speaks with CEO of Galaxy, Mike Novogratz, about the underperformance of ETH. ETH has been persistently lagging behind major coins like BTC and SOL for all of 2024 and so far into 2025. Mike speaks to this trend that has been confounding crypto enthusiasts and investors and explains why he is still optimistic about the revolutionary potential of Ethereum. Mike reiterates his convictions about the decentralized web, stablecoins, and how Ethereum remains the frontrunner to become “the base layer of trust for Web3.”   Guests: Name: Mike Novogratz Title: CEO of Galaxy X:  https://x.com/novogratz [https://x.com/novogratz]   Show note links: * Galaxy company website (https://www.galaxy.com/ [https://www.galaxy.com/]) Timestamps: (00:00:41) The biggest reason for ETH’s underperformance (00:03:30) What’s the investment narrative of ETH? (00:05:24) What does Ethereum need to succeed? (00:08:48) The importance of stablecoin adoption (00:20:50) The strengths of Ethereum’s leadership (00:25:45) Community as an input to valuation This episode was recorded on Friday, January 30, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ [http://www.galaxy.com/research/] to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ [http://www.galaxy.com/disclaimer-galaxy-brains-podcast/]

On Ep.75 of Infinite Jungle, Christine shares her main takeaways from ACDE #204. She offers her insights on the latest Pectra upgrade timeline and takeaways on the discussion about how to speed up the governance process of Ethereum. She explains why the governance process of Ethereum is unlikely to change, despite tweaks to its form and structure. War time mode for Ethereum doesn’t look all that different from Ethereum’s regular mode but this may have its benefits, Christine argues.   Show note links:  * ACDE #204 Call Notes (https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-204/ [https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-204/]) Timestamps: (00:01:31) Pectra timeline update (00:11:03) Improvements to the ACD process (00:21:29) The truth about Ethereum’s Wartime mode This episode was recorded on Friday, January 31, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ [http://www.galaxy.com/research/] to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ [http://www.galaxy.com/disclaimer-galaxy-brains-podcast/]

On Ep. 74 of Infinite Jungle, Christine speaks with Nixo, who works on the Protocol Support Team at the Ethereum Foundation, about her highlights from 2024 and hopes for the Ethereum ecosystem in 2025. Nixo also shares updates about the new staker deposit CLI tool maintained by EthStaker and her perspective on the Ethereum gas limit debate. Christine shares a few predictions about what narratives will take hold on Ethereum next year and restates her convictions about Ethereum’s superpower as the world’s most decentralized and transparent general purpose blockchain. This is the last episode of Infinite Jungle Season 1. Be on the lookout for Season 2 in the new year!   Guests: Name: Nixo Rokish Title: Protocol Support Team at the Ethereum Foundation and Former Executive Director of EthStaker X:  https://x.com/nixorokish [https://x.com/nixorokish] Show note links: * EthStaker deposit CLI release notes (https://github.com/eth-educators/ethstaker-deposit-cli/releases [https://github.com/eth-educators/ethstaker-deposit-cli/releases]) * Christine’s take on the block gas limit debate (https://www.galaxy.com/insights/research/weekly-top-stories-12-06-24/ [https://www.galaxy.com/insights/research/weekly-top-stories-12-06-24/]) Timestamps: (00:02:20) Celebrating a new Ethereum deposit CLI (00:10:00) Debriefing the gas limit debate (00:28:48) Highlights from 2024, hopes for 2025 This episode was recorded on Friday, December 13, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ [http://www.galaxy.com/research/] to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ [http://www.galaxy.com/disclaimer-galaxy-brains-podcast/]

On Ep. 73 of Infinite Jungle, Christine shares her takeaways on All Core Developers Execution (ACDE) Call #202, where Ethereum developers finalized Pectra Devnet 5 specifications. She also shares three outlooks for Ethereum in 2025 about Pectra, rollup adoption, and institutional adoption of $ETH. She discusses how a new regulatory environment next year could propel institutional adoption of ETH and how the large size of Pectra scope hints at increased risk in mainnet activation for the upgrade. This is the penultimate episode of Infinite Jungle Season 1. Be on the lookout for the final episode coming out tomorrow on Wednesday, Christmas Day!   Show note links: * ACDE #202 call writeup (https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-202/ [https://www.galaxy.com/insights/research/ethereum-all-core-developers-execution-call-202/]) * Infinite Jungle episode 71 explaining the gas gossip limit dependency (https://podcasts.apple.com/us/podcast/acdc-147-eth-devs-pump-the-brakes-on-pumping-the-gas/id1728091874?i=1000680670086 [https://podcasts.apple.com/us/podcast/acdc-147-eth-devs-pump-the-brakes-on-pumping-the-gas/id1728091874?i=1000680670086]) Timestamps: (00:01:47) ‘Twas the Night Before Christmas (00:05:07) Pectra Updates (00:14:32) Prediction #1: Pectra in 2025 (00:21:09) Prediction #2: L2 Ecosystem Expands (00:23:27) Prediction #3: More Institutions Start Using Ethereum This episode was recorded on Friday, December 19, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ [http://www.galaxy.com/research/] to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ [http://www.galaxy.com/disclaimer-galaxy-brains-podcast/]

On Ep. 72 of Infinite Jungle, Christine speaks with Robert Miller, Product Lead at Flashbots, and Lily Johnson, Rust Engineer at Astria Labs, about the launch of BuilderNet. BuilderNet is Flashbot’s latest product designed to enable collaborative block building on Ethereum. It allows third-party builders to create blocks based off shared private order flow. It also incentivizes users, wallets, and apps to share their order flow with BuilderNet and earn kickbacks from the MEV created from their transactions. Christine and Lily grill Robert about the design of BuilderNet, its timeline, and motivation.   Guests: Name: Robert Miller Title: Product Lead at Flashbots X: https://x.com/bertcmiller [https://x.com/bertcmiller]   Name: Lily Johnson Title: Rust Engineer at Astria Labs X: https://x.com/lobstermindset [https://x.com/lobstermindset]   Show note links: * BuilderNet docs (https://buildernet.org/docs [https://buildernet.org/docs]) * Relayscan data (https://www.relayscan.io/ [https://www.relayscan.io/]) * Infinite Jungle episode about RollupBoost and EIP 7727 (https://www.galaxy.com/insights/podcasts/infinite-jungle/the-most-pressing-challenges-to-solving-the-mev-problem/ [https://www.galaxy.com/insights/podcasts/infinite-jungle/the-most-pressing-challenges-to-solving-the-mev-problem/]) Timestamps: (00:02:43) How does BuilderNet compete in the MEV-Boost auction? (00:08:08) How does the BuilderNet MEV refund rule work? (00:11:33) Why did Beaverbuild join BuilderNet? (00:15:09) How do builders compete in BuilderNet? (00:19:31) How transparent is BuilderNet activity? (00:30:12) BuilderNet next steps This episode was recorded on Friday, December 13, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ [http://www.galaxy.com/research/] to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ [http://www.galaxy.com/disclaimer-galaxy-brains-podcast/]