Matt Hougan, Chief Investment Officer of Bitwise, stated that while it was previously expected that traditional markets would take 5 to 10 years to migrate to on-chain on a large scale, the influx of investors into crypto platforms to trade tokenized assets during the US-Israel attacks on Iran and the closure of major global stock markets significantly accelerated expectations for the widespread adoption of "on-chain finance." The crypto perpetual contract platform Hyperliquid became a trading hub for real-world assets (RWAs) such as crude oil and tokenized gold. "For most of Sunday, on-chain finance was at the center of global financial markets," data shows, noting that Hyperliquid's combined trading volume over Saturday and Sunday exceeded $11.5 billion. Furthermore, Tether's tokenized gold product, Tether Gold, saw its 24-hour trading volume surge to over $300 million at one point, and prediction market platforms Kalshi and Polymarket also experienced significant increases in trading volume. (Cointelegraph)