Crypto’s Next Bull Run Could Be Fueled by Tokenization, Arthur Hayes Says

What could change the trade, in his view, is AI: agents managing portfolios, collateral and payments could turn tokenized assets into part of a constantly operating on-chain financial system. Key Takeaways Hayes sees AI agents as a potential new source of demand for on-chain financial infrastructure. He is looking beyond new launches to established protocols with users, liquidity and revenue. Tokenization can increase activity on blockchains without automatically increasing a token’s value.