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Blockchain Scalability - The current transaction processing speed (TPS) of blockchains is significantly low for handling global capital market flows [1] - An estimated 6500 TPS is derived from a rough calculation, which is insufficient [1] - Hyperliquid, processing approximately 5% of total centralized exchange (CEX) perpetual volume and 60% of on-chain perpetual volume, achieves around 11000 TPS [1] - No existing general-purpose blockchain can currently manage all global capital market transactions [1] - Substantial scaling is required for blockchains to accommodate global capital market demands [1] Industry Perspective - Ford is evaluating the potential of blockchains to sustain global capital markets demand over the next five years [1] - Blockchains need sufficient speed and throughput to absorb total daily transaction volume for global capital markets to transition on-chain [1]