Some cool facts about HIP-3 by HYPE: 1. It's tough for HIP-3 deployers to make money. The leading player, tradexyz, accounts for 97.8% of the trading volume. 2. Other deployers staked $167 million worth of HYPE to run this business but only earned $750,000 in fees. 3. On the platform, USDC dominates with a 98.3% share, USDT holds 1.2%, and CRCL makes a steady 10% profit. 4. Demand for on-chain stocks is minimal. Even top stocks like Apple, Tesla, Google, and Microsoft combined only make up 3.3% of stock trading volume. What's hot are assets like SK Hynix (hard for crypto folks to buy) and new channels like PRE-IPO. So, going on-chain doesn’t really bring incremental value—it’s essentially about offering assets that can only be bought on-chain. 5. Front-end platforms might become very valuable. Platforms like FOMO, catering to retail users, could dominate the bargaining power with HYPE as user numbers grow. Eventually, FOMO might lead the charge instead of HYPE. Personally, I’m not a fan of FOMO’s contract design—they should switch to a model that professional traders prefer, rather than copying spot trading logic. Contracts are serious business, and gamification could lead to disaster. Recommended: FOMO, compliant and secure Buy any asset on any chain instantly, save on fees when you register—I’ll also earn a small commission. https://fomo.family/r/BTCdayu