BlockBeats News, October 13, Hyperliquid co-founder Jeff stated in a post that “Hyperliquid is a blockchain where all orders, trades, and settlements are conducted on-chain. Anyone can verify the chain’s execution without permission, including all settlements and their fair execution for all users. In addition, anyone can verify the real-time solvency of the entire system. Transparency and neutrality are key reasons for full-chain DeFi to become the ideal global financial infrastructure.”
Some centralized exchanges have publicly stated that they significantly underreport user settlement. For example, on Binance, even if there are thousands of settlement orders within the same second, only one is reported. Since settlements are sudden events, in some cases, underreporting can easily reach 100 times. It is hoped that the industry will consider transparency and neutrality as essential features of the new financial system and encourage other industries to follow suit.
