Crypto Native Firms - What Do You Think Will Be the Biggest Surprising Trend?

We're starting to see a lot more high frequency trading firms enter the crypto arena. What domain knowledge do you think is portable from traditional finance? And what do you think will end up surprising these firms as they sort of make their foray? Right? So i think it kind of happened, and in an interesting way, where over the past year, like volumes really sky rocketed,. Everyone started building these things out and probably going alive into the later portion of 20 21 or early 20 22. Now we're in an environment where volumes have kind of gone down, actually, an edge has gone down, and the market has got more competitive.