Ethena founder Guy Young predicts that stock perpetual contracts could present a market opportunity 30 times larger than the current $4 trillion crypto asset class. This expansion could potentially exceed Robinhood's $129 billion market cap. Young highlights that perpetual decentralized exchanges (Perp DEXs) like Hyperliquid and strategies such as Ethena’s USDe stablecoin are poised to benefit from this growth as they tap into the $120 trillion global stock market. Recent data shows perp trading volume reached $120 billion in October, doubling from the previous month, indicating increased speculative interest.