Jeff explained why transparency on Hype is crucial for whales. Several major events will happen in the future: 1. More and more US stocks are trading on the chain 2. More and more companies are choosing to issue coins directly instead of going public 3. More and more traditional institutions are allocating on chain assets outside of stocks 4. The scale of on chain assets has increased by 10 times, and derivatives have increased by 100 times 5. The biggest challenge in five years will not be Binance The essence is that efficiency always defeats inefficiency.