All of Hive's value (including HBD) is contained on razor-thin trading books.
We do have a solution to this being worked on INLEO directing its revenue towards LPs. The growth is very slow at the moment. Streaming swaps and upcoming Chainflip integration helps to minimize the price volatility when making trades.
We should not play defense at our problems for too long. We need to take offense and build up the liquidity to make it possible for large $HIVE trades to happen. Whales are not going to invest in HIVE if they cannot get in without getting wrecked by slippage. The progress is slow, but we have a solution.