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Speaking at the Aptos Experience conference in Seoul, Hayes, as reported by Aptos co-founder Mo Shaikh, highlighted how outdated and cumbersome the TradFi industry is, plagued by slow settlement times, payment issues, and disputes.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 He argues that DEXs offer round-the-clock trading and instant settlement, which contrasts sharply with the outdated practices of traditional exchanges where trades can take days to settle despite the fact that they are just digital transactions.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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.