I remember in the early days of the DEX (Perp) market, @HyperliquidX basically dominated, firmly holding over 90% of the market share. After @Aster_DEX launched, the landscape shifted, with Aster reaching a peak market share of over 70%. Although controversies surrounding token manipulation, subsidies, and data manipulation persist, time will tell. Looking at the latest data from December 15th, the DEX (Perp) market is gradually entering a healthier phase: Aster is first, Lighter is second, and Hyperliquid is third. First-mover advantage never equates to long-term advantage. Binance @binancezh aptly puts this, and I trust CZ @cz_binance!