For its ROI and sharpe, HLP is one of the highest capacity strategies in any asset class. And it’s open, transparent, and entirely community owned. HLP’s alpha is the culmination of tens of thousands of hours thinking deeply about market microstructure. What’s more, HLP’s primary mandate is to provide deep and tight liquidity. It is not even optimized for pnl. Conventional wisdom is that quant opportunities are capacity constrained. But @HyperliquidX might be one of the only venues where opportunities are growing faster than capital and mindshare can onboard to capture it. Look at the top MMs on the leaderboard. Look at HLP. Follow the flow.