You go to see his pledged nodes, four major nodes, one validation node, a total of five nodes, this breaks the impossible triangle of blockchain. The design idea is that the fewer the nodes, the faster the speed, making it easier for order books and robots to market. Decentralization is just a marketing anchor point, but it can't withstand what Jeff previously did with high concurrency quantification.

OK, let's get straight to the point. Recently everyone has been shouting HYPE. I heard someone say hypeliquid is not DEX at all, but CEX?
Okay, I'm here. Let's take it out for a walk, whether it's a mule or a horse.
Background: Hyperliquid claims to be a DEX (decentralized exchange), but! Is the matching process a black box operation? Not visible to others?

What is the truth? Well, let's read on↓ (Newbies can use it~)
(In summary: On-chain funds, off-chain matching. Although the funds are transparent, the matching process is completely private, which makes its decentralized label vague. It is probably a CEX with higher transparency than CEX)