HyperProtocol: The Birth of a New Decentralized Finance OrderAs capital begins to migrate, a new financial order is taking shape
Over the past decade, the crypto world has seemed lively and bustling, but the true determinants of direction have never been the traders' emotions, KOLs' opinions, or even the judgments of certain institutions.
The truly smartest entity has always been—capital itself.
Capital doesn't tell stories, doesn't care about sentiment, and doesn't loyalty.
It only continuously searches for two things:
Places with lower risk, and places with higher efficiency.
It is precisely under this calm yet ruthless choice that the flow of global capital is undergoing a profound and irreversible change.
Centralized finance is heading towards a structural bottleneck
For a long time, centralized trading platforms (CEX) have borne the main functions of crypto finance. But as the market matures, problems have gradually surfaced:
Asset custody risks cannot be completely eliminated
Black box operations make transparency a luxury
TechubNews·8m ago