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to reap lot of rewards so i started market taking deep into the book multiple times everyday and using my old but outdated scalping to avoid losing too much (around -400k in fees and slippage but a positive pnl netted my loss to much smaller)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
