What happens when exchange fees get fully exposed on-chain? Imagine complete transparency—every transaction, every tick, every cost laid bare for traders to verify. This is where on-chain transparency reshapes the game: users regain control over their keys, their data, and their understanding of what they're actually paying. No hidden spreads, no opaque fee structures. The blockchain becomes the single source of truth, letting market participants audit trading dynamics in real time. It's not just about knowing the numbers—it's about reclaiming agency in a market built on information asymmetry. When transparency meets self-custody, the power dynamic fundamentally shifts.