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Hyperliquid singles out Lighter as a direct competitor, with a former employee accused of being involved in the HYPE shorting incident
BlockBeats News, December 23rd, Hyperliquid recently stated in an official announcement that it considers Lighter a direct competitor alongside Binance and Aster. Hyperliquid pointed out that these platforms are all controlled by a centralized orderer to manage transaction state, emphasizing its own architectural advantage of being "fully on-chain, operated by 24 validators, with no hidden state."
On the other hand, Lighter focuses on "verifiable execution" and a proof mechanism, providing auditability for a CLOB-like transaction structure. The competition between the two in the decentralized trading infrastructure space is gradually heating up.
Meanwhile, Hyperliquid also responded to community concerns about a suspected insider shorting incident involving the HYPE token, stating that the related wallet belonged to a former employee who was dismissed in early 2024, and their actions were unrelated to the team. The platform emphasized that strict HYPE transaction and compliance restrictions are in place internally for employees and contractors.
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