《Hyperliquid Team Detailed Explanation: Is Centralized Control Present?》
Regarding the short address beginning with 0x7ae4 mentioned by the community, the Hyperliquid team stated that the address belongs to a former employee who left in the first quarter of 2024 and currently has no association with Hyperliquid Labs. Their behavior does not represent the team's position. Any fees paid by addresses are verifiable on-chain. Every transaction and its paid fees or received rebates are transparently indexed by nodes, API services, and third-party analysis tools. On Hyperliquid, the entire system state is on-chain, meaning 24 validators execute the same state machine under BFT consensus rules. There is still significant work to be done on the path toward greater decentralization. Read full article:
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《Hyperliquid Team Detailed Explanation: Is Centralized Control Present?》
Regarding the short address beginning with 0x7ae4 mentioned by the community, the Hyperliquid team stated that the address belongs to a former employee who left in the first quarter of 2024 and currently has no association with Hyperliquid Labs. Their behavior does not represent the team's position. Any fees paid by addresses are verifiable on-chain. Every transaction and its paid fees or received rebates are transparently indexed by nodes, API services, and third-party analysis tools. On Hyperliquid, the entire system state is on-chain, meaning 24 validators execute the same state machine under BFT consensus rules. There is still significant work to be done on the path toward greater decentralization. Read full article: