If the fee-free model of Lighter @Lighter_xyz doesn't work out, it will affect all fee-free DEXs' expectations, significantly discounting the points held, and it may even raise questions about whether they can issue tokens.

Aster, on the other hand, represents a fee-charging platform. If @Aster_DEX continues to shrink, it will impact future high-fee models for projects that lack strong financial backing.

@HyperliquidX's continued decline affects the entire DEX ecosystem 🤪.