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PENDLE enters the Bloomberg Index, Arthur Hayes: daily trading of stock Perptual Futures exceeding 100 million is just the beginning.
[Block Rhythm] On December 1st, a message came that PENDLE has officially entered the Bloomberg Galaxy DEFI Index. This matter itself is quite interesting, indicating that the TradFi circle is starting to seriously consider the Decentralized Finance sector.
What’s more worth discussing is the viewpoint Arthur Hayes recently threw out in “Adapt or Die”. He said that TradFi is now desperately trying to hold onto the stock trading territory, but U.S. stocks and even global stocks will eventually be tokenized. Interestingly, perpetual contracts for stocks can already run without waiting for tokenization—currently, the daily trading volume has already surpassed 100 million USD.
Hayes believes that once traders and market makers are familiar with this way of playing, reaching a daily trading volume of tens of billions is just a matter of time. Want to hedge risks over the weekend? Stock perpetual contracts can be very useful. With this pressure increasing, those large securities exchanges in the United States will probably be forced to transform into 24/7 trading.
He also mentioned a startup direction - to create a derivative that allows retail investors to engage in interest rate speculation. The Boros protocol from the Pendle team is working on this, and its popularity has risen quite rapidly. It seems there is a new story to tell in the interest rate space.