Hyperliquid is a blockchain where all orders, transactions, and clearing take place on the chain. Anyone can verify the execution of the chain without permission, including all clearing and its fair execution for all users. In addition, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons why fully on-chain DeFi is an ideal infrastructure for global finance.
Some centralized trading platforms have publicly stated that they significantly underreport user clearing. At Binance, for example, even if there are thousands of clearing orders in the same second, only one is reported. Since clearing is a contingency, in some cases, the amount of underreporting can easily reach 100 times. It is hoped that the industry will recognize transparency and neutrality as important features of the new financial system, and that other industries will follow suit.
Hyperliquid founder publicly blasts Binance's overstatement of clearing volume
2025-10-13 03:50:03
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