The Duopolies of 2026: Ethereum & Solana, Coinbase & Robinhood, Polymarket & Kalshi | Ryan, David & Arnav Pagidyala
Crypto in 2026 is consolidating into a handful of high-stakes rivalries: Ethereum vs. Solana for the center of gravity, Coinbase vs. Robinhood for the finance super-app, and Polymarket vs. Kalshi for prediction markets. Arnav Pagidyala (Bankless Ventures) joins David and Ryan to map the investment implications, why incentives-driven L1s keep leaking liquidity, what makes Morpho’s institutional playbook work, and whether Hyperliquid, wallets, and onchain rails start eating the exchange business. We also dig into the comeback of ICOs, what it would take for tokens to become truly investable, and why proof-of-personhood and privacy-preserving KYC may become unavoidable infrastructure. ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget-trading 👑BANKLESS PREMIUM | AD-FREE & BONUS EPISODES https://bankless.cc/spotify-premium 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://bankless.cc/TDR-pro 💰ICO WATCH | UPCOMING PUBLIC TOKEN SALES https://bankless.cc/ico-watch ------ TIMESTAMPS 0:00 Intro 1:12 Ethereum & Solana 7:33 Why Solana is Winning 9:27 L1 Valuations 13:13 Coinbase & Robinhood 17:16 Base Contentcoins 20:32 Kalshi & Polymarket 23:19 Prediction Market Tokens 24:45 Store of Value Duopoly 27:21 Tokens in 2026 29:41 Tokens & Equity Alignment 31:01 MetaDAO 32:42 ICOs 34:44 Morpho 39:17 Morpho & Aave 40:41 Perp Exchanges 44:28 Proof of Personhood 48:42 Fat Wallet Thesis 51:45 X & Crypto 53:27 AI & Vibecoding 55:28 Is Crypto Dead? 57:18 Capital Stack Moving Onchain 59:10 What About TradFi? 1:02:15 Closing & Disclaimers ------ RESOURCES Arnav Pagidyala https://x.com/0xArnav Bankless Ventures https://x.com/banklessvc Investing Trends for 2026 https://www.youtube.com/watch?v=Poes3EpAR5c ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures