According to @HyperliquidX, claims by @EvgenyGaevoy that the majority of market maker volume on HyperliquidX is conducted by HLP are incorrect. Verified data and charts provided by @HyperliquidX show that HLP’s trading volume represents less than 2% of the platform’s average daily volume (ADV). For crypto traders, this means that market liquidity on HyperliquidX is more diversified than previously suggested, potentially reducing risks of centralized market making and manipulation. This clarification is crucial for trading strategies and risk assessment on the HyperliquidX crypto exchange (source: @HyperliquidX).