Presented by
Bitwise Filing - Bitwise files for 11 'strategy' ETFs, tracking tokens including AAVE, ZEC, TAO.
Compliance Crackdown - Korbit fined $1.9 million for anti money-laundering, customer verification breaches.
Great X-pectations - Bullish calls of XRP to jump 300% in 2026 do the rounds again, implying $8 target.
New here? Ask Copilot up to 5 free queries per day with Messari Basic.
In this episode of Messari’s 2026 Theses consumer series, former Messari analysts Tulip King and Justin Baba join the show to unpack what’s actually working—and what’s broken—in consumer crypto. The conversation argues that prediction markets are emerging as base infrastructure, not just political betting venues, while wallets increasingly become the dominant distribution layer, pushing apps toward commoditization and lower fees.
The group also explores why memecoins and NFTs needed a reset, what it would take for crypto social to finally work, and how AI copilots and subscription-based wallets could define the next consumer cycle. Together, these themes map directly to Messari’s 2026 Crypto Theses, outlining where real consumer adoption may finally take hold.
Watch the full conversation on YouTube, Spotify, or Apple.
Special Offer for Theses Readers
For a limited time, get 26% off your first year of Messari Enterprise with code THESES26.
Messari's protocol reports give you a deep dive on the foundation and state of top crypto protocols, including key metrics and notable events. See the complete list of protocol reports here and get a preview of our latest report below.
Decentralized cloud computing marketplace that lets users buy compute (CPU, GPU, storage) directly from a global network of providers
Fee revenue increased ~11% QoQ in AKT terms and ~4% in USD, supported by higher deployment volume and tooling improvements
New compute leases rose ~42% QoQ to ~27,000, driven by expanded model support and developer tooling enhancements
GPU usage remained robust with utilization consistently >50%, despite a slight drop in total GPU capacity
Usage is growing fast: Q3’25 marked the 5th straight quarter of network activity growth
~824K average DAAs (+93.5% QoQ) and ~2M daily tx by active addresses (+87.1% QoQ)
Gaming is biggest activity driver, gaming transactions up sharply QoQ and multiple consumer-style titles contributing meaningful daily address activity
DEX activity hit new highs with spot volume up to ~$43M average daily (+75% QoQ)
Decentralized cloud storage network where users pay to store encrypted data across independent storage providers
Q3 2025 was a transition quarter, dominated by the completion of Sia’s major V2 upgrade rather than organic demand growth
V2 positions Sia for better long-term scalability, faster syncing, browser-based access, and easier developer integrations
The Sia Foundation professionalized its ecosystem strategy, accelerating app, wallet, analytics, and SDK development post-upgrade
From Our Sponsor
