In my view, the perpetual DEX top three will always be a battleground. You've got HL and Lighter locked in, then there's this wild card third spot—could be aster, variational, maybe edgeX, hard to say right now. But here's the thing: it mirrors what we see in centralized exchanges. Just like how certain major platforms and some compliant players dominate the CEX world, the same hierarchy's shaping up in decentralized perps. Three titans, endless competition.