The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 32 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Forman: Stablecoins Settled $27 Trillion in 2024, Double Visa's Annual Volume
“If you look at stablecoins today, they're a two hundred and thirty billion dollar market. Those two hundred and thirty billion dollars rotate on chain to the tune of about 27 trillion dollars last year in 2024, which was greater than Visa's total settlement vo…”
Forman: Tether Generated Over $10 Billion in Profit Last Year
“If you look at Tether, last year they made over ten billion dollars of profit with a small team.”
Forman: Polymarket Called All Seven Swing States Before the Associated Press
“After the results started coming in from the seven swing states, Poly market reached 95% probability on each of those seven states, in some cases, many, many hours or a day or two ahead of when the Associated Press called the race.”
Forman: Hivemapper Mapped 10% of Global Roads Without Spending Corporate Capex
“It's a company called Hive Mapper, and they've now mapped roughly 10% of the world's roads in just a couple years without spending a single dollar of capex.”
Forman: Strategic Bitcoin Reserves Are Actively Discussed in 31 US States
“We're now discussing a Bitcoin strategic reserve at the federal level in the U.S. And in 31 states.”
Forman: Tether Was the Seventh-Largest Buyer of US Treasuries Last Year
“Tether alone was the seventh largest buyer of treasuries in the past year.”
Forman: Most Algorithmic Stablecoins Launched Over the Years Have Failed
“There are dozens of these algorithmic stable coins that have been launched over the years. Most of them have failed. Some of them have temporarily failed and revived.”
Forman: BlackRock's Spot Bitcoin ETF Saw $37 Billion in 2024 Inflows
“So BlackRock's ETF had thirty seven billion of inflows in 2024. That was the third most of any ETF In the market. And by far the largest first year launch in history.”
Forman: 80% of All Blockchain Transactions Involve Stablecoins
“80% of all transactions on blockchains involve a stable coin in one way, shape, or form.”
Forman: Eurodollar Market Exceeds Total US Domestic Bank Deposits
“Today, the euro dollar market exceeds the total quantity of U.S. Domestic banking deposits.”
Forman: Polymarket Saw Double Coinbase's Web Traffic in November 2024
“Polymarket.com in November was one of the hundred most popular websites in the world. Had about two X the website traffic as Coinbase.com.”
Forman: Aave Experiences Almost Negligible Loss Given Default via Programmatic Liquidations
“While there are defaults, as you would expect, there's been almost negligible loss given default because of the way the collateral is then liquidated in those scenarios.”
Forman: On-Chain and Off-Chain Private Credit Yields Are Roughly Equal Today
“For private credit, the incremental yield ultimately is roughly similar between a private credit product off-chain and on-chain. There's no real discernible difference between the two today because that perceived risk has migrated towards zero.”
Forman: AI Agents Require Crypto Because Banks Mandate Human Identity
“And AI agents cannot open a bank account. You have to be a human or a company to open a bank account. But if you're an AI agent and you want to send micropayments to other AI agents or micropayments to humans, that's really not possible on traditional banking.…”
Forman: Crypto Total Market Capitalization Remains Below Its 2021 Peak
“In today's market, crypto is two and a half to three trillion. We're below where we were in crypto market cap in 2021, almost four years ago, despite all the progress in the space.”
Forman: Brokerages capture all securities lending yield from retail investors
“If you own stocks on your Fidelity or Schwab account, you are earning Zero percent on them if you're a retail investor. And on the back end, to the extent people are shorting an asset that you own, Fidelity, Schwab, whoever your brokerage is, is making that sp…”
Forman: There is no limit on token rehypothecation in DeFi
“There's really no limit on the number of times a token can get rehypothecated in DeFi or on these digital networks.”
Forman: Blockchains Account for 50 Basis Points of Global Assets
“Blockchains are three trillion dollar asset class. Total assets globally are 600 trillion. So it's 50 bips of global assets.”
Forman: 70% of All Bitcoin Has Not Moved On-Chain in a Year
“And 70% of all Bitcoin Has not moved on chain in the past year.”
Forman: Memecoins Make Up 5% of Total Crypto Market Capitalization
“So today meme coins are five percent of total crypto market cap.”
Forman: Stablecoin Supply and Wallets Grew 40% to 60% Annually Over Five Years
“The number of wallets sending and receiving these and the number of stable coins outstanding have both been compounding at 40 to 60% per year for the past five years.”
Forman: Tokenized Gold Market Capitalization Has Reached $1.5 Billion
“Tokenized gold is now billion and a half dollar market.”
Forman: Polymarket Facilitated Nearly $3 Billion on 2024 Presidential Election
“So Polymarket, which is built on a blockchain, facilitated, I think, close to three billion dollars on the U.S. Presidential election.”
Forman: Polymarket Drives $500M to $1B Monthly Volume Across 75K Wallets
“So one is Polymarket is doing about, call it, five hundred million to a billion dollars a month of volume across its markets. And this is across roughly 50 to 75,000 active wallets.”
Forman: Aave Has Almost $30 Billion Deposited and $10 Billion Borrowed
“Aave, as an example, now has close to thirty billion dollars of capital deposited in its platform and single digit billions, maybe perhaps over ten billion today now borrowed.”
Forman: Uniswap has surpassed one trillion dollars in lifetime trading volume
“Uniswap, for example, just passed one trillion dollars of trading volume since inception. It launched a few years ago.”
Forman: Crypto Represents Roughly 20 Basis Points of Global Assets
“Crypto today is about 20 basis points of all global assets. So it's a trillion and a half asset class. Global assets are roughly 600 trillion.”
Forman: Fiat-Backed Stablecoins Account for About 75% of Stablecoin Market
“So of the two hundred billion, about a hundred and fifty billion are fiat backed stable coins. The largest one is Tether. The second largest one is USDC, and then there are longer tail of others.”
Forman: Nexus Mutual holds $400M capital pool with $20M annual premiums
“Within Nexus Mutual, there's this capital pool that pays out claims. There's roughly four hundred million dollars in the capital pool. There's roughly twenty million a year of annualized premiums being paid in”
Forman: MakerDAO pays roughly $40M annually across 50 core units
“So a network like MakerDAO has something on the order of 50 different core units that are each responsible for the finance and accounting of the DAO,
The growth marketing strategy of the Dow, the core engineering services, and they all have to apply to the Dow…”