3 comments
I appreciate this insightful article on Hyperliquid. It's important that people are informed about the potential risks associated with this Exchange.<p>When the Hyperliquid decentralized exchange launched, I was intrigued and decided to test it out. Here’s a summary of my experience:<p>1. Initial Transaction: I made a test transaction, which unfortunately got stuck in the process.<p>2. Support Interaction: I contacted customer support regarding the issue. A few hours later, the swap successfully went through.<p>3. Follow-Up Questions: I had some follow-up questions about the platform’s operations:<p>- How can it be labeled as an automated decentralized exchange if moderators can interfere with transactions?<p>- Why is the source code of the DEX kept private?<p>4. Response from Support: The support team explained that they keep the source code private to maintain a competitive edge.<p>This experience raised concerns about the true decentralization and automation of the exchange. I am not sure why Coinmarketcap & Coingecko label Hyperliquid as a DEX.
All I ever hear from the crypto space is scams.<p>The technology has been out for a while now and I don't think I ever read anything good coming out from it.<p>Why do people still bother?
This is really great, thanks so much for your work.