According to Lex Sokolin (@LexSokolin), understanding the distinction between permissionless and permissioned blockchains is crucial for crypto traders as it directly impacts token liquidity, decentralization, and regulatory risk. Permissionless blockchains like Ethereum allow open participation, supporting higher trading volumes and wider DeFi access, while permissioned networks restrict access to verified participants, offering greater compliance but lower liquidity (source: Lex Sokolin Twitter, June 1, 2025). Traders should consider these factors when evaluating which blockchain environments to engage with, as they affect token price volatility and on-chain trading opportunities.