Annabelle Huang, co-founder and CEO of Altius Labs, stated that Wall Street's alpha is shifting from physical hosting and nanosecond-level speed advantages to the use of on-chain infrastructure. Jump has leveraged its high-frequency trading experience to develop the high-performance validator client Firedancer for Solana, and its supported project, DoubleZero, is seeking to commercialize its global private fiber optic and submarine cable network to reduce latency. Cumberland is providing real-time crypto market data to Pyth Network. Jane Street traded over $110 billion in cryptocurrencies in 2024 and recently hired the former head of infrastructure architecture at Copper. With stablecoins and the tokenization of real-world assets injecting liquidity, the on-chain market will continue to expand, and future alpha will stem from the production, sorting, and monetization of block space.