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Arjun Balaji

General Partner

Paradigm
crypto market structuretrading infrastructureweb3 platformscrypto media

Investment Thesis

Crypto market structure, infrastructure, TradFi-DeFi intersection.

What Excites Them

Market structure improvements, OTC infrastructure, liquidity solutions

What They Pass On

Ignoring regulatory landscape, poor market design

How to Pitch

Show how your project improves crypto market infrastructure.

Notable Writing

The Year Ahead for Crypto (2024)blog

Key themes: modular blockchains, restaking, and the application layer.

Crypto Market Structure 3.0blog

How crypto market structure is evolving

Investing in the Decentralized Futureblog

Crypto investing requires thinking in terms of protocol-market fit, not product-market fit.

The Bull Case for Bitcoinblog

Comprehensive case for Bitcoin as a macro asset

A Framework for Crypto Valuationsessay

Different token models require different valuation frameworks — one size doesn't fit all.

Podcast Appearances

Crypto Market StructureFlippening
market structuretrading
Crypto Investing FrameworksUnchained
crypto valuationsprotocol-market fitinvesting

Key Quotes

Different token models require fundamentally different valuation frameworks.

Blog

The future of crypto trading is always-on, permissionless, and globally accessible.

Flippening

Background

Founder of Paradigm OTC. Previously at Shomei Capital. Angel investor and crypto writer.

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