Recently, I've been looking into Hertzflow, and there's one point that caught my attention. A lot of people focus on the high leverage at first glance, but I think the real thing worth studying is the market openness problem it’s trying to solve. Right now, on-chain trading doesn’t lack assets; what’s missing is the infrastructure to give more assets liquidity. In traditional exchanges, for an asset to be listed, it has to go through platform approval. But what Hertzflow aims to do is create a permissionless market, giving more markets the opportunity to connect to on-chain trading via oracles. Of course, there are still a lot of details that need to be verified. For example, is the price source reliable? Who provides the liquidity? Is the risk isolated? Can the mechanism hold up under extreme market conditions? These issues are more important than just supporting more assets. Currently, @Hertzflow_xyz has already launched testnet trading, Vaults, and Pools, and they’re continuously improving the entire trading ecosystem. What I find interesting about it is that it’s not just trying to be a simple Perp platform, but rather exploring a new way to create on-chain markets. If more and more assets move on-chain in the future, what we might truly need isn’t just more trading interfaces, but a foundational system that allows markets to form freely and liquidity to connect seamlessly.