Social Graph Ventures

This week, we spotlight sports bets, Stripe’s stealth L1 move, Hyperliquid’s precision engine, consumer experience in gaming, and prosumer tooling. While the rails keep consolidating. SubscribeSports markets deep dive ICYMI: we released our latest analysis on sports betting markets. Check it out on Twitter. Read hereHyperliquid keeps delivering Using August-annualized cash flows, HYPE trades at ~14× P/E while showing massive growth15.4% average month-over-month fee growth 121.2% fee increase ...

Crypto Fixes This (?)“A study on NFL bettors from the 2023 - 2024 season [found that] 87% of bettors accounted for a total of 1% of sportsbook revenue, which means that the vast majority of bettors are able to play safely. Then there's that other percent of players, like 3% of players that account for like 80%+ of revenue. Some of them are really rich and good for them - they can spend their money however they want. Some of them are not really rich and their dopamine pathways are rewired...

MetaMask moves into stablecoins. OpenSea adds cross-chain buying. And Stargate enters one of the first serious onchain acquisition proposals. Here's what we're tracking. LayerZero bids for Stargate in rare onchain M&A LayerZero has offered the Stargate DAO a buyout worth nearly 7x revenue. Stargate is the DAO-governed bridge built on top of LayerZero infrastructure. The deal would consolidate control while distributing the protocol’s treasury to DAO holders. Thanks for reading! Subs...

Watching Founders in Motion...

Living in an emerging economy where traditional banking still feels stuck in the past...

At SGV, we’ve seen a handful of upstart prediction market players introducing novel mechanisms and add ons to the already bleeding...

This week was packed with insight, from the decisions behind embedded wallets, to Hyperliquid’s ascendance...

Our notes on token design...

Here's the latest updates on our internal thinking: Zora is moving. We’re up from our avg entry of $0.009. Our thesis was published here. Catalyzed by the base app...

Kraken doubles down on prosumers. Prediction markets stay hot. Hyperliquid sets the benchmark in decentralized exchange efficiency. And LayerZero consolidates one of the most important bridging protocols onchain. Here’s what we’re tracking. SubscribeKraken acquires Capitalise.ai, a no-code trading platform Capitalise is a prosumer-focused platform that lets users automate trading strategies with no code. This is another signal that the prosumer market is a prime segment. Capitalise joins Krak...