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The Protocol: Hyperliquid Responds to Decentralization Criticism

CoinDesk LogoCoinDesk2d ago

The Protocol: Hyperliquid Responds to Decentralization Criticism - CoinDesk

Quick Summary:

HYPERLIQUID CRITICISM: HyperLiquid, a major up-and-comer in the world of decentralized finance, came under fire this week over claims that the network is overly centralized and difficult to work with.

"Firedancer's proponents believe the software – developed by the crypto arm of trading giant Jump – will give Solana an unbeatable edge in crypto's race to woo global financial markets onto blockchains," writes CoinDesk's Danny Nelson.

Benbrik also raised concerns that HyperLiquid's highly concentrated token supply — and its process for admitting validators to its L1 chain — make the chain centralized and vulnerable to failures.


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Article Details

Author / Journalist: Benjamin Schiller, Sam Kessler

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 23:10:30 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 1006 words

Reading Time: 6 minutes read

Sentences: 50 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24998839

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 17 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "The Protocol: Hyperliquid Responds to Decentralization Criticism" was covered 2 days ago by CoinDesk, a news publisher based in United States.

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It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/the-protocol-hyperliquid-responds-to-1736428051838

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