Why “hyperliquid” trading changes the perp DEX conversation — and where it still falls short
Here’s a counterintuitive claim to start: a decentralized exchange that aims to match centralized exchanges on latency and features can create better economic outcomes for on-chain traders, but it also concentrates a new class of protocol-level operational risk. That tension — between institutional-style performance and the residual fragility of novel L1 designs — is the […]