We like Hyperliquid. We like Lighter. Aster. Anyways if they have the best liquidity we will route order flow there. We're already a top 20 trader on many CEXes. RFQ = liquidity aggregation, not competition.

Name & Symbol: Aster ($ASTER)
Address: 0x000ae314e2a2172a039b26378814c252734f556a

State of the HIP-3 market @HyperliquidX launched HIP-3, allowing permissionless listing of assets on its platform, by 500k $HYPE stakers, 3 months ago. Deployers earn 50% of trading fee but also the staked $HYPE can be slashed if the market is not managed properly. HIP-3 reached: • Total volume $17B • 7d volume $2.5B • OI $436M • Total fee $2.5M • 7d fee $0.4M Volume, fee, and OI are going up only while crypto volume stagnates since 10/10. That's why HIP-3 volume share is now 8% of Hyperliquid volume, which was 0.1% in October OI composition • XYZ100, $NQ: $103M • SILVER, $silver: $67M • GOLD, $gold: $27M It's small market compared to Crypto & TradFi both, but based on tokenization boom assumption mentioned by BlackRock and other institutions, it can be major revenue stream of HL They have regulatory risk clearly, which would be the reason why HL doesn't list RWA directly by themseleves, but oursourcing to $HYPE staking deployers Let's see

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e