Hyperliquid announced the launch of a validator voting feature for asset delisting to enhance transparency and decision-making on its platform.
Launch of the New Voting System
On March 29, 2025, Hyperliquid introduced a validator voting feature for asset delisting, aimed at decentralizing decision-making. Validators from Hyper Foundation will test this mechanism with a vote on the MYRO contract in Beijing, marking the beginning of an era of transparent and automated decisions.
Impact of JELLY Controversy
The recent upgrade was prompted by a market manipulation incident involving JELLY, underscoring the need for improved governance mechanisms. Validators 2-5 of Hyper Foundation are scheduled to vote at 21:00 Beijing time to assess the MYRO contract's status. The market response has been mixed, with some viewing it as a progressive step toward decentralization. Gracy Chen, CEO of Bitget, criticized the handling of previous incidents saying: "CITE_W_A".
Regulation and Market Trends
The latest upgrade follows a JELLY market incident where Hyperliquid faced backlash for centralization issues, highlighting the importance of decentralized governance enhancements. According to CoinMarketCap, Hyperliquid (HYPE) is priced at $12.52 with a market cap of $4.18 billion. Coincu research team holds that significant regulatory shifts are emerging, potentially requiring platforms to establish more robust governance systems, thereby enhancing the user ecosystem.
The introduction of validator voting is a significant move for Hyperliquid, aiming to enhance transparency and decentralization on its platform.
