The entire story of crypto is that it’s a somewhat volatile new form of security (I know I said it) that has two disadvantages vs. traditional securities. 1) I

The entire story of crypto is that it’s a somewhat volatile new form of security (I know I said it) that has two disadvantages vs. traditional securities. 1) It lacks the sophisticated financial tools and derivatives that have been developed over the past century 2) It does not have enough volume to keep up with the new sources of arbitrage that come with every new DeFi product (looking at you DEX’s and synthetic stocks!). Every time a crypto asset “solves” one of those two problems (almost always incompletely) the crypto verse acts like they’ve proven p=np.