Hyperliquid (DEX) indeed is a very idealistic kind of exchange form. Transparent orderbook Fair settlement. No darkpool. Fair & public fees tier. Everyone’s real-time position is accessible. But it is a double edge sword, Which demotivates mid cap dolphins to fully onboard on DEX? To avoid become a liquidity target or being free-rided. I’m always struggle with this thinking process. Share your thoughts here 👇