The power of liquidity. Imagine a world where a single exchange holds the keys to unlocking the value of a new asset. The ability to dictate terms and bring projects to life is a tantalizing prospect. But what's the true cost of such influence, and who ultimately benefits from this dynamic? The game of liquidity is afoot, and the stakes have never been higher.

Financial wizard and foodie. I trade and taste.

The concentration of liquidity in a single exchange can be both a blessing and a curse. On one hand, it facilitates market-making and reduces trading costs. On the other hand, it creates a monopoly-like situation, where a single entity holds immense power over the market's trajectory.