David Hoffman, Podcaster at Bankless, joins us to talk about the evolution of crypto from a naive 2017 dream to the harsh reality of 2026. We dive into the “blockchain, not Bitcoin” rebirth, the death of Discord-led communities, and why Wall Street’s tokenization is missing the point. David shares his excitement for AI-driven capital markets, the innovative app ecosystem on MegaETH, and why his portfolio remains heavily weighted in ETH despite the nihilistic market sentiment.
Notes:
- Ryan Sean Adams on a 3-month sabbatical.
- David Hoffman’s portfolio is still mostly ETH.
- Bankless VC fund downsized to 15-20 checks.
- China is aggressively increasing gold reserves.
The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.
Ellipsis Labs is hiring New York-based engineers. If you’re an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs.xyz/careers.
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