Since the beginning of 2026, both CEXs and DEXs have been heavily investing in TradFi macro assets. On the Perp DEX, TradFi's weekly trading volume has exceeded $20 billion, with Hyperliquid HIP-3 accounting for over 80%, nearly $17 billion. In terms of asset classes, commodities account for over 60% of the $20 billion weekly trading volume, followed by indices and stocks. Silver futures trading is also highly active on-chain, contributing over $8 billion in trading volume for two consecutive weeks, several times that of gold. Is cryptocurrency just a part of TradFi? It seems like this kind of argument is becoming increasingly prevalent.