According to @danrobinson, it remains unclear whether traditional financial (TradFi) institutions will prioritize the most decentralized Layer 1 (L1) blockchains as they move their operations onchain. Robinson argues that decentralization is not a binary factor and that the assumption TradFi would avoid less decentralized solutions in favor of AWS or SQL oversimplifies the issue (source: @danrobinson on Twitter, 2024-06-15). For crypto traders, this analysis signals that L1 blockchain usage by TradFi could be distributed among various protocols, potentially impacting token demand and valuations for both highly decentralized and more centralized L1s. Monitoring TradFi activity across multiple chains is crucial for assessing future price trends and trading opportunities.