during early days of hyperliquid, there were clearly already multiple market makers but offering a little size cat realized am 1 of the earlier participants to reap lot of rewards so i started market taking deep into the book multiple times everyday and using my old but outdated scalping to avoid losing too much (around -400k in fees and slippage but a positive pnl netted my loss to much smaller) 2 or so weeks go by, market makers books thickened by a lot, and way more participants came sometimes, you need become part of the financial incentive that attracts more market makers to pull up to start the fly wheel
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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