Hyperliquid Founder: The fully on-chain settlement of HL cannot be compared to the underreported CEX settlement.

PANews, October 13th news, Hyperliquid founder Jeff posted on the X platform, stating: "Hyperliquid's fully on-chain settlement mechanism cannot be compared to those CEX settlements that underreport or miss reporting situations. Hyperliquid is a Blockchain platform where every order, transaction, and settlement operation is completed on-chain. Anyone can verify the execution status on-chain without permission, including all settlement operations and their fair execution for all users. Furthermore, anyone can verify the solvency of the entire system in real-time. Transparency and neutrality are precisely the key reasons why fully on-chain DeFi is becoming the ideal infrastructure for global finance. Some CEX public records show that they have serious issues with underreporting or missing reports on user settlement situations. For example, on Binance, even if there are thousands of settlement orders in the same second, only one will be reported. Since settlements often occur in bursts, in some cases, the actual number of settlements reported may easily be underreported by 100 times. It is hoped that the financial industry can regard transparency and neutrality as important features of the new financial system and encourage other institutions to follow suit."