Haseeb Qureshi joins to catch us up on his portfolio, why he's extremely bullish on perps, tokenization, and prediction markets.
He explains how more than half of Hyperliquid's volume is already real-world assets, which means the competitor isn't Coinbase, it's ICE and the Nasdaq, and the addressable market is enormous by comparison. He ranks the big categories Dragonfly is allocating $4 billion across, calls vaults the weakest of them on defensibility, and explains why perps beat tokenization over the next year even if that reverses in five. He also breaks down why every state attorney general is suing prediction markets, and why this ends as a Supreme Court vote.
Haseeb Qureshi is a Managing Partner at Dragonfly, a digital assets venture capital firm.
The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.
Timestamps:
00:00 Intro
02:21 Perps Are Still Only 1% Of Derivatives Mkt
04:17 Hyperliquid Is Trying To Be The Nasdaq
06:13 RWA Volume Already 50% Of Hyperliquid
08:27 Hyperliquid Cracked The UX Code First
10:33 Variational RFQ Model Vs Order Book
12:44 Polymarket Vs Kalshi Supreme Court Battle
16:00 Prediction Markets Advertising Blitz Explained
18:14 Kalshi Suing States To Get To Supreme Court
20:43 NEAR Account Abstraction For Every Chain
22:57 Zcash Is The Rebel Response To Bitcoin ETFs
24:59 Prediction Market Growth Curve Not Over Yet
27:23 Wash Trading On Kalshi CFTC Investigation
28:13 Haseeb Personal Investor In Zcash Wallet
29:19 Make Money Then Hide In Privacy
Guest Socials:
Haseeb X: https://x.com/hosseeb
Dragonfly X: https://x.com/dragonfly_xyz
Dragonfly Website: https://www.dragonfly.xyz/
Partners:
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Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Learn more here: https://www.zama.org/
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