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Permissionless IV Day 2 Unpacked: The Crypto Event Shaking Traditional Finance

Permissionless IV Day 2 Unpacked: The Crypto Event Shaking Traditional Finance

Author:
Blockworks
Published:
2025-06-27 02:00:27
6
2

Decentralization takes center stage as Permissionless IV hits its stride. Day two delivered fireworks—here's what you missed.

Regulators squirm as DeFi builds without permission

Panels dissected the unstoppable rise of trustless systems while bankers muttered about 'risk frameworks.' Meanwhile, Ethereum L2s quietly processed more transactions than Visa.

The real action happened off-stage

VCs clustered in corners, throwing term sheets at anything that moved. Rumor has it three new stablecoin projects landed funding before lunch—because clearly, we needed more.

NFTs make their comeback (again)

Not your 2021 JPEGs—this time it's tokenized real-world assets. Someone actually bought a vineyard as an NFT. The sommelier DAO votes on harvest decisions next week.

Closing thought: Wall Street still thinks this is all about 'digital gold.' Bless their hearts.

Source: gaslimit.pics

Why would apps not just go off and build on their own chain?

Max Resnick of Anza: “If you want users, you should stay on solana — that’s where they are. If you want to bring your own users and have them use a product, frankly, I don’t really know why you’re building on the blockchain.”

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Here’s another spicy one from DBA fund’s Jon Charbonneau: “If I had to take a bet, I would bet Base would not continue paying 10-15% (to Optimism), because I don’t think they’re getting sufficient value in return. My gut is the same for most rollups with their relationship to Ethereum. There just isn’t pricing power there.”

How is AI being used for ZK?

Uma Roy from Succinct: “There was a fun example of a big Hyperliquid whale with zero formal programming background that vibe-coded an SP1 application over the weekend. The app proved he owned addresses with ~25m of HYPE across accounts and bootstrapped an anonymous X account without revealing his addresses.”

Finally, some dunk tank action from the folks over at Blockworks Research.

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