According to ChainCatcher news, Hyperliquid recently stated officially that it sees Lighter as a direct competitor alongside Binance and Aster. Hyperliquid pointed out that these platforms are all controlled by centralized orderers, emphasizing its own architectural advantages of being 'fully on-chain, operated by 24 validators, and without hidden states.'
In contrast, Lighter focuses on 'verifiable execution' and proof mechanisms, providing auditability for CLOB-like trading structures. The competition between both sides in the decentralized trading infrastructure route is gradually heating up.
Meanwhile, Hyperliquid responded to community concerns regarding the alleged insider short-selling incident involving the HYPE token, stating that the related wallet belongs to a former employee who was dismissed in early 2024, and their actions are unrelated to the team. The platform emphasizes that strict HYPE trading and compliance restrictions are enforced internally for employees and contractors.
