On-chain trading is primed for a major shift. The real momentum lies in equities, commodities, and FX migrating to blockchain infrastructure. Here's the thing—once these platforms clear regulatory hurdles in major markets over the next couple years, traditional finance will have no choice but to take notice. Why? Because the efficiency gains are undeniable. Direct settlement, slashed intermediaries, lower fees—it's the kind of structural advantage that doesn't disappear.

The inflection point comes when institutional players realize they can access the same markets with cleaner mechanics. No layers of brokers bleeding the spread. No settlement delays eating into returns. That's when you'll see the real volume migration happen.

The FX market alone is massive—trillions daily. Even capturing a fraction of that flow through properly regulated on-chain venues transforms the entire ecosystem. It's not just about price appreciation; it's about market infrastructure evolution. The winners won't be the early speculators—they'll be the platforms that nail the regulatory playbook first.