The leaderboard is a public ranking of market makers based on historical performance metrics including depth provision, spread consistency, KPI adherence, and uptime across prior engagements. Powered by monitoring data generated across 500+ token projects and 35+ market-making firms, the leaderboard enables head-to-head comparison of how firms have performed under live trading conditions — across different tokens, venues, and market environments. Projects use the leaderboard to inform their selection during the RFQ process, and market makers use it to showcase their track record. The leaderboard introduces accountability at the industry level — firms that consistently deliver healthy, durable liquidity benefit from increased deal flow, while underperformers are surfaced by the data.