Matt Hougan, Chief Investment Officer at Bitwise, has noted a significant acceleration in the adoption of on-chain finance, a shift initially expected to take 5 to 10 years. This change was catalyzed by geopolitical tensions, specifically U.S. and Israeli strikes on Iran, which led investors to crypto platforms for trading tokenized assets. During this period, Hyperliquid, a crypto perpetuals platform, reported a trading volume of $11.5 billion over the weekend, highlighting its role as a hub for real-world asset trading, including crude oil and tokenized gold. Tether Gold's 24-hour trading volume also surged past $300 million, with prediction markets Kalshi and Polymarket experiencing significant volume increases.