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Don't remind me again today

Here's a thought: if platforms like Lighter paired with on-chain prime brokers (think Citadel-style operations but decentralized) actually gain traction, we might see real competition against CME and other legacy venues. Why? Capital efficiency hits different when you're running 24/7 with no settlement delays on decentralized derivatives.



But here's the kicker—traditional exchanges aren't sitting ducks. They've got regulatory moats, institutional trust built over decades, and liquidity depth that's hard to replicate. The infrastructure advantage? Still theirs. Speed, compliance frameworks, traditional finance integration—all weapons in their arsenal.

The race isn't just about tech anymore. It's about who adapts faster: can decentralized platforms build enough credibility before legacy players figure out how to merge their strengths with on-chain innovation?
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LayerZeroHerovip
· 6h ago
Technical validation data speaks volumes, the 24/7 settlement latency indeed hits the pain points of traditional exchanges... but regulatory moats are not so easy to break, and in practice, the institutional trust levels are still vastly different; only when the cross-chain ecosystem's interoperability reaches institutional levels will there be a chance.
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GhostAddressMinervip
· 6h ago
It seems that someone wants to sell us the story of "Decentralization killing traditional exchanges" again... but the real on-chain footprints will speak for themselves. The liquidity depth of CME is not something that platforms like Lighter can compare to right now. Don't be blinded by the 24/7 guise.
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