This Crypto Could Revolutionize Traditional Finance and Surpass Solana

Arthur Hayes, the founder of BitMEX, has recently praised Aptos (APT) for its potential to address various inefficiencies in the traditional finance (TradFi) sector.

Speaking at the Aptos Experience conference in Seoul, Hayes, as reported by Aptos co-founder Mo Shaikh, highlighted how outdated and cumbersome the TradFi industry is, plagued by slow settlement times, payment issues, and disputes.

According to Hayes, integrating TradFi products with an Aptos-based decentralized exchange (DEX) could revolutionize the sector. He argues that DEXs offer round-the-clock trading and instant settlement, which contrasts sharply with the outdated practices of traditional exchanges where trades can take days to settle despite the fact that they are just digital transactions.

Hayes contends that traditional exchanges resist reform because it would reveal their role as mere intermediaries, which could be easily replaced by more efficient systems. By eliminating intermediaries, such as brokers and custodians, Aptos DEXs could simplify processes, reduce fees, and offer better incentives for sales teams.

Hayes also speculated that Aptos might surpass Solana (SOL) in the market within the next one to three years, suggesting that Aptos could become a leading layer-1 blockchain in the current market cycle.