I was quite saddened to see this acquisition. Why? Because I happened to see the message @ a16zcrypto posted a few days ago saying 'TradFi doesn't want DeFi. It wants blockchain.' That article basically talks about this viewpoint- What everyone in the Crypto community has been hoping for is the integration of DeFi and TradFi to form an elegant hybrid that combines the advantages of both, replacing old systems with new ones. However, it is actually too wishful thinking (is it similar to the unrequited love model between Crypto and AI? ） Tradfi is not good at decentralization, anonymity, and no need to trust them. They only use blockchain technology to improve their business, taking only the parts that can improve costs, risks, and distribution efficiency (atomic settlements, programmable currencies, shared ledgers, etc.) to achieve the "cost reduction and efficiency improvement" that I often mentioned before 3. We are beginning to see the emergence of a new type of financial infrastructure based on blockchain infrastructure but optimized for institutional limitations - Programmable Financial Infrastructure So today FalconX's acquisition of BloxRoute is a perfect confirmation of the A16Z article Do you think that @ bloxroute started by providing MEV protection for DeFi users, Protect RPC， Services such as anti clamp attacks belong to the connection/network infrastructure in blockchain @FalconX Global is the largest institutional level digital asset prime broker in the United States and a compliant Swap dealer registered with the CFTC Now that this acquisition is completed, it is equivalent to changing the service target of bloXroute from on chain Degen to FalconX's institutional customers The CEO's original words are "the future of capital markets will be on chain". It looks very promising, and all future assets will be on chain Blah Blah. However, the implementation method is not the institutions embracing on chain openness that we thought before, but grafting the execution speed and connection efficiency on chain onto our compliance and clearing primary broker framework - perfectly matching the "COGS story" mentioned by a16z: Technology is adopted because it reduces costs and increases efficiency, not because institutions believe in decentralization So in the end, DeFi didn't eat TradFi, and TradFi didn't embrace DeFi either. TradFi has carefully selected DeFi technology components and installed them into its own compliant shell BTW， This acquisition was led and facilitated by @ hosseeb of @ dragonfly_xyz. Once again, it has been verified that the current primary market is completely dominated by these top tier European and American institutions and venture capitalists. The VC Summer of the past few years, like Defi Summer, is gone forever