According to CoinMeta, Uniswap founder Hayden Adams stated that asset tokenization makes the market programmable, and on-chain liquidity tends to favor asset pairs with high correlations. These related asset pairs will become the core engines driving the global market dominated by AMM. Using NVDA / SPY as an example, he pointed out that trading stocks priced in SPY can reduce market-making costs, while bridging pairs are still competitive among professional institutions.