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Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations
Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance.
Some CEXs publicly document that they dramatically underreport user liquidations. For example on Binance, even if there are thousands of liquidation orders in the same second, only one is reported. Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions. Source below.
Hopefully the industry will see transparency and neutrality as important features of the new financial system, and others will follow.
Son kullanıcının gücü herşeyin üstündedir. Gücünüzü hafife almayın binanceden paralarınızı çekin. Tüm influencer arkadaşları boykota davet ediyorum.
#Binance#binanceboycott#BinanceBoykot#binancescam
This man didn’t even have 1000$ in his pocket once, and now he’s one of the richest people in the world. He stole this money from you through manipulation. Let’s take back what he took from us and send #BNB to zero — where it belongs.
#BinanceBoykot#binanceboycott #BinanceScam ❌
another try to take out hyperliquid by CZ
billions of dollars lost, lives destroyed
time for the crypto community to turn on binance and stop supporting the company that's trying to destroy the whole industry just to keep their own success
hyperliquid
I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win. Traditional finance better catch up, or it will quickly become extinct. The world no longer runs on a Mon-Friday, 9 to 5. @worldlibertyfi #BTC #ETH
I love the genius of announcing a strategic reserve on a Sunday, when traditional markets are closed and Wall Street sleeps. For the first time, retail investors win. Traditional finance better catch up, or it will quickly become extinct. The world no longer runs on a Mon-Friday, 9 to 5. @worldlibertyfi #BTC #ETH