Arthur Hayes on How Aptos Can Transform Traditional Finance

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Challenges in Traditional Finance
  2. Eliminating Intermediaries
  3. The Future of Aptos


    4. Arthur Hayes, the founder of BitMEX, asserts that the Aptos (APT) network can address numerous challenges in the traditional finance (TradFi) sector. During his speech at the Aptos Experience conference held in Seoul, Hayes highlighted his experiences within the traditional finance sector, emphasizing its outdated and inefficient nature.

    Challenges in Traditional Finance

    Hayes explained that the inefficiencies he witnessed in traditional finance often stem from outdated practices. He noted the problematic nature of transactions that take one or two days for completion, questioning why in a world where data moves swiftly, financial transactions lag behind.

    As an ETF issuer, you wouldn’t want to deal with all these issues, so you would move everything to an Aptos DEX. With a DEX, you get 24/7 trading and instant settlements.Arthur Hayes

    Eliminating Intermediaries

    Hayes argues that utilizing a DEX based on Aptos can eliminate unnecessary delays and intermediaries. This approach could resolve many issues for firms like BlackRock.

    When you eliminate brokers, anyone with a wallet can be a broker. There’s no need for custodial services, as the chain itself provides storage or a user-friendly wallet.Arthur Hayes

    The Future of Aptos

    Hayes predicts that Aptos could surpass Solana in the current market cycle, potentially becoming the second-best Layer-1 blockchain within one to three years.

    I will state this on the platform, and share more information later: Aptos will surpass Solana in the Layer-1 game.Arthur Hayes

    As of the writing, APT is valued at $5.81, reflecting a 4.8% decline in the last 24 hours. Hayes’ insights illustrate how blockchain technology may lead to significant changes in traditional finance, with platforms like Aptos poised to redefine the operational efficiency of financial markets by removing intermediaries.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MEV Bot Foils Kelp DAO Exploit Attempt

An MEV bot named Yoink intercepted an exploit transaction targeting Kelp DAO's rsETH vault, preventing a theft of approximately $77 million.

user avatarLuis Flores

Kamino Finance Appoints Michael Weisz as CEO to Expand into Institutional Lending

Kamino Finance has appointed Michael Weisz as its new CEO to enhance its focus on US and institutional lending markets.

user avatarArif Mukhtar

New Debate on Zcash Developer Fund's Future

A new argument has emerged within the Zcash community regarding the future of its developer fund, with calls for it to expire after 2028.

user avatarMaria Gutierrez

Hyperliquid Introduces Manual Borrowing for Enhanced Trading

Hyperliquid has launched a manual borrowing feature that allows users to borrow spot USDC and USDT against collateral positions, including HYPE and Bitcoin.

user avatarDavid Robinson

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.