Wintermute and Paradigm, as leading capital firms, hold so much HYPE, which shows they are relatively optimistic about this decentralized exchange and its contracts.

The advantage of decentralized exchange contracts over centralized ones is that everyone's orders can be publicly visible on the blockchain, making it relatively transparent and fair.

The whale data we can see mostly comes from the decentralized exchange HYPE, while retail investors can hardly see data from centralized exchanges, which creates a somewhat blindfolded feeling when trading.