After Lighter TGE, the era when Hyperliquid was once the dominant player in the mainstream Perp market is slowly passing. At present, TGE's three hot spots, Perp, are basically on an equal footing. What’s interesting is that the trading volume and market share of Hyperliquid @HyperliquidX, Aster @Aster_DEX, and Lighter @Lighter_xyz are very close, but their circulating market capitalization is not at the same level. If you only look at annualized revenue/circulating market capitalization, $Aster’s odds are indeed more comfortable. Of course, I don’t dare to have more breasts if I have extra. After all, it’s better than CZ @cz_binance, so I’m still covered. If it were you, which one would you choose for value investment?