> For the complete documentation index, see [llms.txt](https://aigmx.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://aigmx.gitbook.io/docs/litepaper/the-problem.md).

# The Problem

Perpetual markets are transparent, but transparency alone doesn't create understanding.

#### 🤯 The "So What?" Gap

Crypto feeds are flooded with alerts. Traders need interpretation:

*Who is this wallet?*

*What's their track record?*

*Is this a conviction bet or a hedge?*

*And what market catalyst just happened to trigger this move?*

#### 🎭 The Identity Gap

On-chain wallets are anonymous. Without a persistent memory, it's impossible to distinguish smart money from a lucky gambler. Valuable context is lost between trades.

#### ⏱️ The Latency Gap

Market narratives on perpetual exchanges evolve in minutes. A human analyst cannot possibly synthesize fills, PnL, leverage, and off-chain news at the speed the market moves.