How Much Leverage Does TradeXYZ Hold Over Hyperliquid ($HYPE)?

> As RWA perpetuals boom on Hyperliquid, the key risk for HYPE bulls is TradeXYZ's growing leverage over the platform. If the dominant RWA provider left or launched its own exchange/token, could HYPE’s value proposition be severely undermined?

Source: https://x.com/0xCryptoSam/status/...
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