Is Ethereum losing its crown to Solana? Is the Base token finally dropping? And are apps like Pump.fun and Hyperliquid becoming more important than the chains they run on? In today’s episode, Blockworks’ Head of Research Ryan Connor joins Jesse Eckel and Jay Hamilton to break down the real battle happening beneath the charts, where the future of crypto is being shaped by app-level innovation, not just Layer 1s.

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🎤 Our Head of Research Kyle Reidhead is speaking at Zebu Live (Oct 21–22).

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https://out.milkroad.com/ZebuLive2025Podcast

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📚 Helpful Resources 📚

🥛 Base token incoming? 🤞

https://milkroad.com/crypto/base-token-incoming/

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🎙 GUEST INFO 🎙

Ryan Connor: https://x.com/_ryanrconnor?lang=en

Jesse Eckel: https://x.com/Jesseeckel

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.