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.
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Avalanche powers Asia.
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Avalanche is adding a $316B giant to its institutional ecosystem. 🔺
Mirae Asset Global Investments, one of Asia’s largest asset managers, signed an MOU with Ava Labs at KBW to pioneer fund tokenization and on-chain fund operations.
"Avalanche is global, Avalanche is inevitable."
There's a simple technological explanation for this. All other chains are just singular chains, and they just fill up and become unusable at some point. Avalanche is the top multi-chain system. All of these applications below are separate chains that work in concert.
Every asset wants to be digital, every asset wants to be on a chain, and Avalanche provides the right architecture to make that happen.