BlockBeats news, December 23rd, Hyperliquid recently stated in an official announcement that it regards Lighter as a direct competitor alongside Binance and Aster. Hyperliquid pointed out that these platforms are controlled by centralized sequencers for transaction states, thereby emphasizing its own architectural advantages 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 decentralized trading infrastructure is gradually intensifying.
At the same time, Hyperliquid also responded to community concerns about the suspected insider short-selling incident involving HYPE tokens, 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 emphasized that it enforces strict HYPE trading and compliance restrictions for employees and contractors internally.
