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a16z researcher reveals blockchains could remove the supply bottleneck that long limited new financial markets with perps as proof

a16z researcher reveals blockchains could remove the supply bottleneck that long limited new financial markets with perps as proof
𝕏/@robbiepetersen_
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w00tcake

TLDR - For most of financial history, supply of new markets—not demand—was the bottleneck; I believe blockchains unlock an explosion of net new markets.

Markets transfer risk along two axes: the unit of exposure and the instrument that transfers it.
Listing committees, legal frameworks, and geographic fragmentation throttled supply; blockchains make issuance permissionless and distribution global.

Crypto created new units—events, credit, attention, pre-IPO equity—and new transfer mechanisms: AMMs, perps, binaries, and bonding curves.

Perps prove the thesis: existing risk meets a new instrument onchain, so price discovery and volume follow whatever the world wants to trade.

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