Shawn, a developer within the HyperLiquid (HYPE) ecosystem, believes centralized exchanges (CEXs) are not the future of the blockchain industry. He argues that CEXs primarily function as fee-based service providers, while true innovation will come from decentralized platforms. Shawn emphasizes the growing user demand for self-custody, censorship resistance, and anonymity. He predicts this demand will inevitably lead to a decline in CEX dominance as users seek greater control and security through decentralized alternatives. Addressing the recent JELLY short squeeze on HyperLiquid, Shawn acknowledged the DEX's current lack of a robust risk management system, particularly for high-risk, low market cap projects. He contrasted this with major CEXs like Binance and OKX, which have more sophisticated risk mitigation strategies in place. He concluded that the JELLY incident highlighted a crucial area for improvement within the HyperLiquid ecosystem. ```