The Liquidity Transparency Initiative is Forgd's industry-wide effort to bring transparency, accountability, and data-driven insights to crypto market making — a domain historically characterized by opacity and information asymmetry. The initiative encompasses Forgd's Market Maker RFQ tool, Market Maker Monitoring dashboard, and Market Maker Leaderboard. Together, these tools enable projects to select market makers based on historical performance data rather than reputation alone, monitor ongoing engagement quality in real time, and hold market makers accountable to contractual KPIs. The initiative is free to use, currently integrates with 35+ market-making firms, and is powered by monitoring data from 500+ token projects — producing a standardized historical record of how market makers perform under live trading conditions.