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Hyperliquid Co-founder: Hyperliquid's Fully On-chain Settlement Transparent and Verifiable, CEX Settlement Data Severely Underreported
Summary: In a post on X platform, Hyperliquid co-founder Jeff.hl stated that all of Hyperliquid's orders, trades, and settlements are executed on-chain, allowing anyone to verify the settlement process and system solvency without permission. This transparency and neutrality make fully on-chain DeFi the ideal form of global financial infrastructure. He pointed out that some centralized exchanges ...
In a post on X platform, Hyperliquid co-founder Jeff.hl stated that all of Hyperliquid's orders, trades, and settlements are executed on-chain, allowing anyone to verify the settlement process and system solvency without permission. This transparency and neutrality make fully on-chain DeFi the ideal form of global financial infrastructure. He pointed out that some centralized exchanges (CEX) have severe underreporting of settlement data. For example, Binance may only publicly display one settlement out of thousands that occur in the same second, potentially leading to the actual settlement volume being underestimated by a hundredfold. Jeff.hl expressed hope that the industry will consider transparency and neutrality as core features of the new financial system.
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Link: Hyperliquid Co-founder: Hyperliquid's Fully On-chain Settlement Transparent and Verifiable, CEX Settlement Data Severely Underreported [Copy]
