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This is the part of Hyperliquid that deserves way more attention. Everyone talks about trading volume, fees and TVL, but liquidity is what actually makes a market work. Deep liquidity means larger orders can enter and exit with less price impact. Tighter spreads mean traders
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AI visual note: A Hyperliquid Analytics dashboard showing orderbook spread charts for BTC, ETH, SKHX, and SNDK across various exchanges including Hyperliquid, Binance, Coinbase, Lighter, OKX, and Bybit.