Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency
During last week’s market downturn that saw HYPE prices plummet towards $20, Hyperliquid reportedly maintained 100% uptime with zero bad debt, as stated by the platform’s founder, Jeff Yan. However, in a post shared on social media site X (formerly Twitter), Yan also raised concerns about certain centralized exchanges (CEXs), suggesting they may have underreported liquidation data during this volatile event. The Liquidation Debate In his remarks, the platform’s founder highlighted that Hyperliquid operates on a blockchain where every order, trade, and liquidation occurs visibly on-chain,....
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Hyperliquid is slowly building a name within the decentralized finance (DeFi) sector. In August, the platform recorded nearly $400 billion in perpetual trading volume and more than $106 million in revenue, according to DefiLlama. Related Reading: Ethereum price Crash To $4,081: Why The Bears Are In Charge This milestone not only cements Hyperliquid’s dominance in the decentralized perpetuals market, where it now controls around 70% of market share, but also signals growing adoption by both retail and institutional investors. A key driver of this success is its proprietary HyperEVM....
The crypto community was just recovering from the aftermath of the Bybit hack, which saw North Korean hackers loot $1.3B from the exchange’s cold storage, and now we’ve had yet another sensational malicious activity. This time it’s Hyperliquid in the firing line. Read on to find out exactly what went down and how a privacy-first crypto project like Best Wallet Token ($BEST) could potentially 100x as a result? Dissecting the Hyperliquid-Jelly Meltdown The popular decentralized crypto exchange Hyperliquid recently delisted the Jelly-my-Jelly ($JELLY) meme coin on the....
After a terrible start to its launch back in July this year, the PUMP token has finally found its spark, managing to lead the recent market recovery. The Pump.Fun native token rose by over 140% over the last month, featuring prominently at the top of the gainers’ list during this time. A slowdown has since rocked the altcoin after this, but it may not be the end of the story. Pump.Fun Surpasses Hyperliquid In Daily Revenue In an interesting turn of events, Pump.Fun, the native platform behind the PUMP token, has overtaken Hyperliquid in terms of daily revenue. Hyperliquid, an....
Binance founder Changpeng “CZ” Zhao has explained his role in Aster DEX following the 2,000% rally of the DEX’s native token. This also follows his earlier endorsements of the decentralized exchange, which has provided increased competition to the likes of Hyperliquid. Binance Founder CZ Explains Role In Aster DEX CZ mentioned in an X space […]
Bitcoin has shown resilience by bouncing to its 200-day moving average since last Tuesday when it fell as low as $76,606, yet it remains below this key technical threshold. In this volatile market environment, a major whale has taken a contrarian position by establishing a highly leveraged short on Bitcoin perpetual futures via Hyperliquid. Huge Bitcoin Whale Goes Short According to data from Hyperliquid and blockchain analyst Lookonchain, the whale’s short position is valued at over $445 million and utilizes 40x leverage. This position comes with a liquidation price set at $85,940, and....