At first, I really thought Blackhole DEX @BlackholeDex had a shot to be the winning DEX on Avalanche at least for short to mid terms. But after digging deeper into the platform and how incentives are structured, I’m convinced it’s just going to end up as another mediocre DEX unless things change. You might ask, why so harsh? Simple — when a platform is built around quietly funneling all revenue to the team, while letting the community carry the weight (farming, voting, LP-ing), it’s only a matter of time before people wake up. Yes, we're all farming hard right now — including me. But when emissions saturates ( sooner than you think) and users realize that 99% of platform fees especially from main fee generated pools are captured by the team, and not veBLACK holders or the real contributors… They’ll leave. And they’ll leave fast. So yes — it might look like Blackhole is winning today and momentum is in thier favor, but that won't last unless the team revisits the business model and shares value more fairly with the community. This isn’t fud. This is just the cycle — and it always plays out the same way. Ball’s in your court, Blackhole. Still time to fix it. But I am just not sure how you gonna fix since Team probably gonna own 70% of the veBlack and always get most chunk from top pools