Tokenization Is the Digitization of Value with Hayden Adams

Hayden Adams, founder of Uniswap, joins Frank Chaparro on The Crypto Tape, where Hayden lays out his core thesis that tokenization is the digitization of value, the same shift the internet brought to information. He explains why automated market makers win on cost of capital rather than raw efficiency, how "correlated pairs" decouple what traditional markets bundle together in dollars, and why that expands rather than replaces the role of market-making firms. He also gets into what Robinhood chain proved about RWAs and memes, the common misconception about impermanent loss, and why he now describes Uniswap as a liquidity network and distribution engine rather than a decentralized exchange.