BlockBeats news, December 23, Hyperliquid recently stated in an official statement that it considers Lighter to be on par with Binance and Aster, clearly viewing it as a direct competitor. Hyperliquid pointed out that these platforms are all controlled by centralized orderers managing trading status, which emphasizes its own architectural advantage of being "fully on-chain, operated by 24 validators, with no hidden states."

In contrast, Lighter focuses on "verifiable execution" and proof mechanisms, providing auditability for CLOB-like trading structures; the competition between the two in the decentralized trading infrastructure space is gradually intensifying.

At the same time, Hyperliquid responded to the community's concerns regarding the alleged insider short-selling incident involving the HYPE token, stating that the relevant wallet belongs to a former employee who was dismissed in early 2024, and their actions are unrelated to the team. The platform emphasized that strict HYPE trading and compliance restrictions are enforced internally for employees and contractors.