🚨NEW EPISODE: Why Ethereum PropAMMs Aren’t Actually AMMs🚨 Today we're joined by @katiabanina, CEO of @bebop_dex, to unpack one of the most misunderstood emerging trading primitives in DeFi: PropAMMs. We discuss: - What Bebop does and its evolution - Why PropAMMs aren’t actually AMMs - RFQs vs streaming quotes - The concept of Request for Stream (RFS) - How PropAMMs work on Ethereum - Market maker incentives and quote signing - Toxic flow and execution quality - Block builders and sidecar quote streams - Ethereum vs Solana PropAMM designs - Oracle updates and onchain execution - RFQ vs PropAMM tradeoffs - Adoption across aggregators - The future of onchain market structure - And much more—enjoy!  —  Timestamps:  (00:00) Introduction  (01:35) What is Bebop?  (02:25) Bebop’s evolution  (07:41) Why PropAMMs aren’t AMMs  (10:20) RFQs vs streaming quotes  (12:35) Request for Stream explained  (26:39) Ethereum vs Solana designs  (32:05) Signed quotes and incentives  (39:11) Block builders and sidecars  (47:06) RFQ vs PropAMM execution  (55:03) Oracle-traded markets  (56:24) Adoption and market share  (1:02:15) Future of onchain trading  (1:03:16) Outro

🚨NEW EP ALERT: The State of Tokenization in 2026🚨 In today’s episode, we’re diving into the state of tokenization, unpacking what “real usage” actually looks like beyond headlines. Plus, the TradFi onchain vibe shift happening at conferences. We discuss: - The suits takeover and the Agora side-event - TradFi players moving onchain (Bloomberg, S&P, and more) - “Crypto is fintech now” and the industry narrative split - State of Tokenization dashboard - Transferability vs composability: what actually makes assets useful - Permissioned wrappers, regulatory constraints, and 24/7 markets - How DeFi can learn from curated collateral standards (Morpho) - Why real estate is uniquely hard to tokenize - Better tokenization metrics: wallets, velocity, volume, DeFi deployment - Perp rails and Hyperliquid catching TradFi attention - What’s next: how much TradFi volume moves onchain And more—enjoy — Timestamps: (00:00) Intro (03:21) TradFi moves onchain (04:35) Crypto becomes fintech (15:57) State of tokenization dashboard (20:55) Redemption frictions and heatmap (27:21) Morpho collateral rating lessons (30:35) Wrappers vs composability limits (36:55) Real estate tokenization problems (41:35) Metrics beyond tokenized value (44:22) Perps and Hyperliquid draw (52:27) Outro