everyone is so bullish lighter and edgex on the timeline but they will not tell you this. you have a look at the volumes across perp DEXs - it seems like lighter and edgex are coming quite close to hl's volumes. then you have a look at the OI and you will get a totally different picture. turns out most of the users of these platforms are spamming txs to farm an airdrop. Some of these even subsidise transactions for retail users + airdrop rumors and yet users can't be bothered to keep a trade open. in particular, edgeX volumes are great considering that they have fees as high as hyperliquid. But OI is non-existent compared to it. while everyone has got a shot at it, these platforms now have the job to: stop subsidising trades; retain volume, tvl and oi; create great tokenomics; accrue value to the token. what makes people think that as soon as these projects TGE will not leave the eco? especially with so many other similar options available the trend reminds me of the L2 meta. After Arbitrum, it seems like L2 were going to print and there were so many new ones. we all know what happened.