a16z crypto publishes research on on-chain "net new markets"
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AT A GLANCE
PANews, citing an a16z crypto report, stated that blockchain is creating net new markets, with on-chain RWA annualized trading volume of perpetual contracts reaching 1400000000000 USD。
Article
a16z: Blockchains are creating “net new markets”; on-chain RWA perpetual futures’ annualized trading volume reached 1400000000000 USD
PANews September 29 According to a report published by a16z crypto titled “Blockchains create net new markets,” historical bottlenecks constraining market growth have consistently been on the supply side (listing committees, legal frameworks, and geographic fragmentation), rather than demand. Through permissionless issuance and global distribution, blockchains are enabling market supply to keep pace with global potential demand for the first time. Citing data showing that July on-chain RWA perpetual futures’ annualized trading volume reached 1400000000000 USD, accounting for approximately half of Hyperliquid’s order book; this year, during the February oil price shock,CME markets closed,WTI remained one of the most liquid markets globally on trade.xyz, and market pricing for companies such as Cerebras and SpaceX pre-IPO was also more accurate than that of investment banks. The article predicts that...
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🔗https://www.panewslab.com/zh/articles/01a0ed5e-971d-7760-8170-753e0ea4eef8
Key points
01
PANews said that a16z crypto published the research report "Blockchains create net new markets."
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The report said that the bottleneck constraining market growth throughout history has been on the supply side, rather than demand.
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The report said that blockchains enable market supply to keep pace with global potential demand through permissionless issuance and global distribution.
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Citing data showing that July on-chain RWA perpetual futures’ annualized trading volume reached 1400000000000 USD, accounting for approximately half of Hyperliquid’s order book.
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The article states that this year,February during the oil price shock CME when markets were closed,WTI it still became one of the world's most liquid markets on trade.xyz.
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The article states that Cerebras, SpaceX, and other pre-IPO market pricing was more accurate than that of investment banks.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core view of this content is that blockchain can reduce restrictions on market issuance and distribution, thereby increasing the supply of tradable markets. The article uses on-chain RWA perpetual futures,WTI trading, and pre-IPO market pricing as examples, but these data and comparisons all come from the report or from the article's account of it.
Why it matters to readers
If the scale and cases in the report are valid, this suggests that on-chain markets may support substantial trading demand and expand trading scenarios beyond traditional markets; Hyperliquid is cited as a case of on-chain RWA perpetual futures trading volume.
Beginners should understand this as a market view put forward by a research report, rather than as a conclusion independently verified already. Pay attention to the data definitions behind the figures, the original sources, and the distinction between “annualized trading volume” and actual full-year trading volume.
Risks and unknowns
Source text not provided 1400000000000 USD Original data or calculation methodology for annualized trading volume and order book share.
WTI The liquidity ranking on trade.xyz and the scope of comparison cannot be verified from the available content.
Cerebras, SpaceX, etc.pre-IPO The criteria and basis for measuring whether market pricing is “more accurate than investment banks” have not been specified.
The body text is truncated with an ellipsis, and the specific content of the article’s forecast is unknown.
Related Developments
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“July”“this year February” does not specify a clear year in the body of the evidence.
Related concepts
RWA
Representing ownership of off-chain assets such as government bonds, real estate, or commodities in the form of blockchain tokens.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
