The Milk Road team breaks down why crypto might be entering a completely new phase. One driven less by speculation and more by actual infrastructure. Stablecoins. Tokenization. AI agents. Real financial products moving onchain. Bitcoin is still the foundation. That's not changing. But capital is starting to rotate deeper into the crypto stack - toward the companies and protocols that are actually making money in this industry. We get into stablecoins, tokenized assets, private credit, DeFi vaults, AI-powered agents, Coinbase's growing dominance, Robinhood's strategy, Circle's positioning, and whether Ethereum and Solana actually capture long-term value as adoption grows. The vibes era of crypto is fading. The fundamentals era is showing up. Different game now.
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