#genius $GENIUS Financial markets are shaped by two things: the interfaces through which capital expresses intent and the quality with which that intent is executed. Centralized exchanges achieved dominance not because of custody, but because they offered superior execution, privacy, and coherent market structure regardless of the underlying asset. Decentralized finance, despite eliminating custodial risk, has failed to reach parity due to fragmented interfaces, the enshrinement of privacy as a feature and not a bug, as well as abysmal capital efficiency. @GeniusOfficial