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Viewpoint: The crypto industry is shifting from “creating new assets” to “creating new markets”

BlockBeats reports that October 7,Altius Labs co-founder and CEO Annabelle Huang said that the crypto industry’s development focus is gradually shifting from creating new assets such as Bitcoin, Ethereum,NFT and meme coins in its early stages to building new markets around existing things.

Prediction markets, crude oil and gold perpetual contracts on Hyperliquid, as well as Pre-IPO perpetual contracts, are establishing 24/7 trading markets for news events, commodities, and private companies, among other objects that previously lacked real-time market pricing mechanisms. Blockchain is therefore not only creating assets but also expanding the boundaries of “what can be priced.”

Price discovery in traditional finance is often constrained by trading hours, access barriers, and valuation cycles, whereas on-chain markets can operate continuously and rapidly absorb new information while lowering barriers to participation. In the future, market participants may focus more on gaining exposure to asset prices than on actually holding the assets.

Huang said that if the crypto industry hopes to become important infrastructure for global price discovery, it will need to focus on improving throughput, latency, liquidity depth, and reliability to support high-frequency trading, risk management, and large-scale capital participation. Therefore, the next phase of the crypto industry may not lie in creating the next new asset, but in establishing pricing infrastructure for an increasing number of existing assets and events.

Original link https://m.theblockbeats.info/flash/370508