The Handshake blockchain DNS protocol aims to decentralize domain name systems, but its root domain auctions face risks of monopolization by tech giants. The Vickrey auction system, while designed for fairness, may favor entities with vast resources, as seen in high-stake bids like .crypto’s 1,088,783.49 HNS. Wealthy players can dominate auctions, outbidding smaller participants and centralizing control over valuable top-level domains (TLDs). This undermines Handshake’s goal of a permissionless, censorship-resistant internet. Without mechanisms like auction timer blinds or squatting fees, whales can strategically bid late, securing desirable names. If giants hoard TLDs, they could dictate terms, mirroring ICANN’s centralized model. To preserve decentralization, Handshake must address these vulnerabilities to ensure equitable access for all users.