• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hyperliquid Improves Validator Decentralization and Transparency

user avatar

by Giorgi Kostiuk

3 months ago


The Hyperliquid Foundation, which oversees the perpetuals trading platform and its associated Layer 1 blockchain network, recently addressed its community to clarify concerns regarding validator operations, decentralization, and transparency.

Hyperliquid's Validator Qualification and Expansion Plans

The foundation reaffirmed that all network validators are selected based on their performance during the testnet phase. It explicitly dismissed claims suggesting that participants could 'buy a seat at the table,' ensuring the selection process remains merit-based. Hyperliquid also shared plans to gradually expand the validator set to improve decentralization and increase network security. Additionally, concerns about centralization around API servers were addressed with clarification that anyone can operate an API server pointing to any node within the network.

HYPE Token Operations

Launched in November 2024, the HYPE token experienced significant value growth following its community airdrop. However, after reaching its peak in December, the price fell by 40%. Recent reports state that HYPE's market cap is approximately $7.1 billion.

Hyperliquid's Market Achievements

In December alone, Hyperliquid facilitated $160 billion in futures trading volume, generating $47 million in revenue. The company achieved significant growth in its market share within the perpetual DEX ecosystem over the past year, increasing it from 10% to 70%. A VanEck report highlights Hyperliquid's success due to product improvement, a strong distribution mechanism, and a loyal community.

Hyperliquid is successful because it created a better product, harnessed itself to a strong distribution mechanism, and cultivated a loyal community.VanEck

Hyperliquid continues to strengthen its market position by enhancing decentralization and transparency aspects while expanding its influence within the trading platform ecosystem.

0

Share

Other news

COTI: Fast and Secure Transaction Platform

COTI provides an efficient fintech platform focusing on transaction speed and security.

user avatarGiorgi Kostiuk

a minute ago

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

11 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

11 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

11 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

12 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

12 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.