Hyperliquid co-founder: Hyperliquid offers fully on-chain settlement that is transparent and verifiable, while CEX settlement data is severely underreported

ChainCatcher message, Hyperliquid co-founder Jeff.hl posted on the X platform stating that all orders, transactions, and settlements of Hyperliquid are executed on-chain, and anyone can verify the settlement process and system solvency without permission. This transparency and neutrality make fully on-chain DeFi an ideal form of global financial infrastructure.

He pointed out that some centralized exchanges (CEX) have serious underreporting issues regarding settlement data. For example, if Binance has thousands of settlements in the same second, it only publicly displays one, which could lead to an actual settlement scale being underestimated by a hundred times. Jeff.hl expressed hope that the industry will regard transparency and neutrality as core features of the new financial system.