Dads Gone Crypto!
90% of Crypto Tokens Are Broken — Alex Cutler, CEO of Dromos Labs, Explains Why
What if the crypto project succeeds… but your token doesn’t? That’s the uncomfortable question at the centre of this episode of Dads Gone Crypto. Our guest is Alex Cutler, CEO and Co-Founder of Dromos Labs, the team behind Aerodrome and Velodrome and now building Aero. Alex argues that roughly 90% of crypto tokens fail to generate meaningful value for the people holding them. So we put that thesis to the test. What actually makes a token valuable? Why can Bitcoin succeed without cash flow while thousands of other tokens struggle? Can a protocol attract millions of users and billions in volume… while the token itself still fails? And importantly — does Aero pass the same test Alex applies to the rest of crypto? Watch it here: https://youtu.be/m5742RrI_XM We get into: • Why token price and protocol success are not the same thing • Where value actually goes when someone trades on a DEX • When token emissions create growth — and when they become inflation • What happens if AERO falls 80% • Why Hyperliquid changed expectations around token value • Aero’s ambition to become a major spot-market liquidity layer • The real moat behind Uniswap • Whether Aerodrome’s success on Base can translate to Ethereum • What separates crypto projects that survive bear markets from those that disappear • The three numbers Alex looks at when judging protocol health • And the big question: could Aero eventually challenge Uniswap? This is not just a conversation about another DEX. It’s about a much bigger question: When a crypto protocol creates value… who actually captures it? Featuring: Alex Cutler — CEO & Co-Founder, Dromos Labs Hosted by Sean and Ryan — Dads Gone Crypto. ⚠️ This content is for educational and informational purposes only and is not financial advice. Always do your own research before making any investment decision. #Crypto, #DeFi, #Aerodrome, #Aero, #Uniswap, #Hyperliquid, #DEX, #Ethereum, #Base, #Tokenomics, #altcoins Timestamps: 0:00 – Intro: who captures value in crypto? 0:41 – Guest intro: Alex Cutler’s path into DeFi 1:30 – Aerodrome + Velodrome combining under Aero 2:30 – Why most tokens fail to capture value 3:24 – The 90% problem and “worst version of an asset” 5:17 – Building a system that redistributes 100% of value 8:03 – Why Bitcoin is different from most tokens 10:17 – Tokens as subsidies vs real on-chain firms 12:14 – Utility vs value redistribution 14:12 – Hyperliquid as the model for real value capture 16:13 – How Aero’s incentive flywheel works 19:18 – Dilution, emissions, and growing the pie 23:39 – Stress test: what if AERO falls 80%? 25:30 – Why merge Aerodrome and Velodrome 27:16 – Meta swaps, Slipstream V3, and new tech 30:07 – Predictive allocation explained 33:54 – Can Aero do for spot what Hyperliquid did for perps? 38:16 – Competing with Uniswap and winning on Base 42:36 – What survives a brutal bear market 48:03 – Five years out: who becomes the biggest DEX? 50:44 – Why they didn’t take the easy token playbook 54:17 – One question to ask before buying a token 56:33 – Outro Who Are We? Join Sean and Ryan, your friendly crypto dads, as we share insights, experiences, and dad-approved tips on venturing into the exciting realm of cryptocurrencies. Whether you're a seasoned pro or just dipping your toes, our podcast is your crypto companion. What to Expect on Dads Gone Crypto: Expert Interviews: Hear from industry experts, influencers, and fellow crypto enthusiasts sharing their journeys and valuable insights. Practical Guides: Step-by-step tutorials and guides on getting started in crypto and maximizing your experiences. Join us for the fun and get in touch with us with the links below: Follow and Connect with us: To check out our other social platforms, please visit: https://linktr.ee/dadsgonecrypto Disclaimer: The material and information presented in this recording are for entertainment purposes only. Do not misconstrue what you hear as investment or trading advice. Always do your own research. The views, thoughts, and opinions expressed by the guests on this recording are their own and do not necessarily reflect those of Dads Gone Crypto or its hosts
