According to Pantera Capital, futures are on track to become one of the dominant trading instruments in global finance, and the decentralized Hyperliquid exchange shows how blockchain-based infrastructure can challenge established markets.

Blockchain-focused asset manager he said in Wednesday’s post

Pantera, an investor in the Hyperliquid ecosystem, said Hyperliquid has become a leading example of this shift, expanding futures beyond cryptocurrencies into stocks, commodities and stock indices as part of founder Jeff Yan’s vision of “the home of all finances.”

Hyperliquid’s development has attracted the attention of established finance, including the parent company of Fresh York-based Intercontinental Exchange (ICE), whose CEO, Jeffrey Sprecher, has urged regulators to create a “level playing field” in launching 24-hour futures contracts on the NYSE platform.

Pantera Capital said Hyperliquid gained market share among onchain providers as DEX customer volume increased to 14% of centralized exchange (CEX) customer volume, up from less than 1% in early 2023 when Hyperliquid launched.

According to Pantera, Hyperliquid accounts for approximately 40% of the network’s perpetual futures trading volume. According to DefiLlama, it is the fourth largest fee-generating protocol in the crypto industry, generating $13.5 million in weekly fees over the last seven days. data.

Top protocols by weekly fees generated. source: DefiLlama

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Customary finance involves markets that operate 24/7

Cryptocurrency platforms and TradFi institutions provide more established investment products in blockchain packaging.

On May 22, OKX announced plans to introduce perpetual futures contracts based on Brent and West Texas Intermediate ICE crude oil benchmarks as part of a partnership with the exchange operator.

In early March, the NYSE partnered with tokenization platform Securitize as part of a broader effort to develop a blockchain-based stock trading infrastructure enabling 24/7 trading and settlement on Wall Street.

In January, the parent company of the Fresh York Stock Exchange, Intercontinental Exchange (ICE), shared plans for a tokenized securities system designed for 24/7 trading, instant settlement, stablecoin financing and onchain settlement.

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