Some cool facts about HIP-3 by HYPE: 1. It's tough for HIP-3 deployers to make money. The leader, http://trade.xyz, accounts for 97.8% of the trading volume. 2. Other deployers staked $167 million worth of HYPE just to run this business, but only earned $750,000 in fees. 3. On the platform, USDC dominates with a 98.3% share, USDT is at 1.2%, and CRCL makes a steady 10% profit. 4. On-chain stock demand 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 growth—it’s essentially about offering assets that can only be purchased on-chain. 5. Front-end platforms might become very valuable. Platforms like FOMO, which cater to retail users, could dominate pricing power in the future as user numbers grow and they integrate with HYPE. Ultimately, FOMO might lead the negotiations, not HYPE. Personally, I don’t like FOMO’s contract design—they should switch to a model that professional traders prefer instead of copying spot trading logic. Contracts are serious business, and gamification will only lead to disaster. Recommended: FOMO, compliant and secure Instantly buy any asset on any chain, save on fees when you register—I’ll also earn a small commission. https://fomo.family/r/BTCdayu