Recent geopolitical tensions have pointed out that the usual processes in financial markets may change rapidly. Especially as the tension between the USA and Israel with Iran coincided with the weekend, investors’ focus shifted to crypto markets at critical moments when traditional stock markets were closed.
New Comments from Bitwise Investment Manager
Matt Hougan, investment director of Bitwise, a company operating in the field of digital asset management, stated that global crises increased the demand for crypto earlier than expected. According to Hougan, the annual timeframe for on-chain finance to move into the mainstream could be significantly shortened. It was stated that while traditional markets were closed at the weekend, investors significantly turned to crypto platforms.
“Over the weekend, on-chain finance was at the center of the financial world,” Hougan said.
Hyperliquid and Tokenized Assets Made a Difference
One of the developments that attracted attention during the crisis took place in Hyperliquid. The total transaction volume on the Hyperliquid platform, which offers perpetual futures transactions, exceeded 11.5 billion dollars in just one week. Investors took heavy positions in tokenized real asset contracts such as oil and gold. In the same period, the 24-hour transaction volume of Tether Gold, a stablecoin-based gold product, reached 300 million dollars. Similarly increasing transaction volumes were observed in different assets.
On the other hand, Hyperliquid’s oil prices were also referenced in the traditional financial media. Hougan pointed out that blockchain-based 24/7 open platforms are much more advantageous than the old generation T+1 valuation and clearing systems.
Traditional Institutions Are Preparing for Blockchain Move
In this process, where on-chain financial technology was advantageous during the global crisis, large financial institutions also started to take new steps. The New York Stock Exchange and its parent company, Intercontinental Exchange, have started working on a new platform that will enable blockchain-based stock and ETF transactions to be cleared both 24/7 and almost instantly. The launch date and technical details of the project have not been shared yet.
Additionally, blockchain data provider Chainlink also announced its “24/5 US Equities Streams” service, which offers 24-hour uninterrupted price data for US stocks and ETFs. This move by Chainlink has the potential to move a significant part of the US stock market to the on-chain system.
In light of all these developments, it is stated that professional investors will need to examine crypto-based platforms and stablecoin usage more closely. The possibility of continuous transactions of the crypto market stood out as a remarkable advantage compared to the traditional model.
