Arthur Hayes, the founder of the popular crypto exchange BitMEX, believes that the blockchain Aptos (APT) could revolutionize the way traditional finance (TradFi) operates.
Aptos: A Solution for TradFi’s Problems
Hayes, who has experience in the world of traditional finance, says that Aptos could solve many of the problems that plague the industry. He points to the slow and cumbersome processes involved in trading stocks, bonds, and securities.
“Why does it take one or two days to settle a trade when it’s just data moving around?” Hayes asks. He argues that a decentralized exchange (DEX) built on Aptos could offer 24/7 trading and instant settlements, eliminating the need for intermediaries like brokers and custodians.
BlackRock and the Future of Finance
Hayes believes that a move to Aptos could be particularly beneficial for large financial institutions like BlackRock. By cutting out the middlemen, these firms could save money and offer lower fees to their clients.
“Let’s just say using an Aptos DEX would solve A LOT of problems for a TradFi institution like BlackRock,” Hayes said.
Aptos vs. Solana
Hayes is so confident in Aptos’ potential that he predicts it will overtake Solana (SOL) as the leading layer-1 blockchain in the coming years.
“Aptos flips Solana in the layer-1 game,” Hayes said. “I think Aptos could be the number two L1 over Solana within this cycle.”
Disclaimer:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
