The Cost of Liquidity Fragmentation

There's some fragmentation of liquidity in part because there's a gas constant drowning across multiple pools. There's the potential for one hook to undermine another Hook by having slightly lower fees. And then you might actually get a raise to the bottom where you hooks will compete with each other for the vast majority of uninformed flow. So those are the two major costs of liquidity fragmentation. But I think, you know, the goal of it is not necessarily that there's tons of strategies and everything is being routed across 50 different pools and every trade. In order, in order, hopefully for a lot of liquidity to pool in some surprise equal in some pool that actually like really works that captures longer users or

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