Oracle

Oracles are essential infrastructure components that feed real-time, off-chain data (such as price feeds, weather, or sports results) into blockchain smart contracts. Without decentralized oracles like Chainlink and Pyth, DeFi could not function. In 2026, oracles have evolved to support verifiable randomness and cross-chain data synchronization. This tag covers the technical evolution of data availability, tamper-proof price feeds, and the critical role oracles play in ensuring the deterministic execution of complex decentralized applications.

5166 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Perpetual DEX in testing with cross‑chain liquidity and ADL

Perpetual DEX in testing with cross‑chain liquidity and ADL

The post Perpetual DEX in testing with cross‑chain liquidity and ADL appeared on BitcoinEthereumNews.com. Sunperp, a new perpetual DEX being tested on the Tron blockchain, promises millisecond executions, cross-chain liquidity aggregation, and an integrated auto-deleveraging (ADL) system. Justin Sun reshared the announcement on X, inviting users to try it and highlighting dedicated incentives, while numerous economic details and operational metrics remain to be confirmed. According to the data collected by on-chain analysts and industry reports, in May 2025 TRON hosted over 75 billion USDT, with the network recording over 8.3 million daily transactions and approximately 306 million active accounts, a context that justifies the interest in USDT-collateralized derivatives. Market analysts following perpetual DEX also note that the massive availability of USDT on TRON facilitates cross-chain arbitrage operations and reduces costs for market makers. What is Sunperp and what it brings differently to Tron Sunperp is a platform perp DEX that uses USDT as collateral, with profits and losses calculated in USDT. The architecture separates matching, executed off-chain to maximize speed, from settlement, recorded on-chain to ensure transparency of trading results. In this context, the debut announcement was originally reported by Jamie Redman; the team also states that, while in the testing phase, the core contracts are non-upgradable. Main Technical Features Order types: market, limit (with FOK – Fill-or-Kill, GTC – Good-Till-Cancelled, and IOC – Immediate-or-Cancel modes), post-only orders, plan orders, trailing, and TWAP (Time-Weighted Average Price). Use of multi-source oracles to determine the mark price employed in the calculation of profits and liquidations. Primary collateral: USDT, with P&L calculated in the same currency. Core contracts declared non-upgradable in an environment still in testing. Cross-chain liquidity: less slippage and tighter spreads The protocol claims to aggregate liquidity flows from various networks in order to increase market depth and improve order execution, thereby reducing slippage and spreads in large-size trades. However, the actual effect will depend…

Author: BitcoinEthereumNews
Which Is The Best Crypto To Buy As Bitcoin Rallies To $117K

Which Is The Best Crypto To Buy As Bitcoin Rallies To $117K

The post Which Is The Best Crypto To Buy As Bitcoin Rallies To $117K appeared first on Coinpedia Fintech News Bitcoin is rallying again, climbing close to $117,500 after the US Federal Reserve cut rates by 25 basis points. The move has triggered cautious optimism across the market, with the leading coin eyeing the $120,000 level.  At the same time, Ethereum is gaining traction with bulls targeting new highs, while XRP is showing strength on …

Author: CoinPedia
Japan’s SoftBank surges 146% on AI bets, now rivals Toyota in Topix clout

Japan’s SoftBank surges 146% on AI bets, now rivals Toyota in Topix clout

The post Japan’s SoftBank surges 146% on AI bets, now rivals Toyota in Topix clout appeared on BitcoinEthereumNews.com. SoftBank has jumped 146% since April, and that move has slammed it right up against Japan’s biggest bluechips in the Topix index. The stock now holds a 2% weight in the benchmark, putting it just behind Toyota and Sony. The surge is being driven by billionaire founder Masayoshi Son, who’s been pouring billions into artificial intelligence, and it’s forcing even some of the firm’s harshest skeptics to get off the sidelines. According to Bloomberg, fund managers tracking Japan’s equity market are being dragged into SoftBank whether they like it or not. Anyone trying to beat the index is now holding this stock or underperforming. “A lot of institutional investors are now agonizing over how to deal with SoftBank,” said Yoshiki Nagata, chief investment officer at enTorch Capital Partners. “If you don’t own this particular stock, all the effort to pick other good investments goes to waste.” Traders chase SoftBank after adding $110 billion in value The numbers are loud. SoftBank has added 15.9 trillion yen — about $110 billion — to the Topix’s total value since March. That alone made up almost 10% of the index’s total market cap growth. None of the other big names came close. The second and third biggest contributors, Advantest and Mitsubishi Heavy Industries, didn’t even make up half of that combined. Nagata said that some investors now face structural pressure to buy more shares just to keep up with benchmark-linked portfolios. “When a share with a big weight like SoftBank keeps rising, it is hard to close your underweight position,” he said. “This is a structural problem with benchmark-linked investment. We could see a self-feeding loop of additional buying inviting more buying.” The company’s connection to OpenAI is also dragging in more interest. Hiroaki Tomori, executive fund manager at Mitsubishi UFJ Asset Management, said…

Author: BitcoinEthereumNews
Best Crypto to Buy Now: Explosive Tokens to Invest in for 2025 Gains

Best Crypto to Buy Now: Explosive Tokens to Invest in for 2025 Gains

The post Best Crypto to Buy Now: Explosive Tokens to Invest in for 2025 Gains  appeared on BitcoinEthereumNews.com. Cardano (ADA) remains among the most well-known altcoins out there, supported by continuous improvements made to its chain and the strong developer base that is dedicated to making it scalable and supporting smart contracts. However, new projects are also taking center stage, with Mutuum Finance (MUTM) being of particular interest in 2025.  Holding steady at $0.035 presale, MUTM is building a two-way lending-and-borrowing protocol for long-term adoption on decentralized finance. With ADA offering the stability of a proven network and MUTM offering early-stage growth potential, both are gaining traction as investors position themselves for the next bull run. Cardano Navigates Resistance as Fundamentals Continue to Come Under Question Cardano (ADA) trades around $0.92 levels, having recently probed resistance around the levels of $1.00 with firm support around the levels of $0.80-$0.85. Its advancement in the development roadmap, including scaling and smart contract improvements, continues to attract the interest of those investors who like projects with solid technical progress. Nevertheless, ADA’s price momentum now seems less exhilarating, as much of its past projected gains now seem already priced in. Compared to ADA’s set size, Mutuum Finance, is perceived by investors to have higher potential upside within this cycle. Mutuum Finance Growth in Presale  Mutuum Finance has had a record-breaking presale run with over 16,470 investors buying coins to raise a total of over $16.15 million raised to date. Tokens can be bought at $0.035 per MUTM in Phase 6. The presale is tiered, which means that early adopters enjoy lower prices.  Mutuum Finance’s goal is to push the boundaries of the current DeFi market. The project has an early adopter token giveaway offering $100,000 MUTM where 10 users will be awarded $10,000 MUTM. Mutuum Finance uses Chainlink oracles to lend, exchange and settle trades in USD-denominated value of assets and token…

Author: BitcoinEthereumNews
SoftBank soars 146% on AI bets, matches Toyota in Topix influence

SoftBank soars 146% on AI bets, matches Toyota in Topix influence

SoftBank stock has surged 146% since April, pushing its Topix weight to 2%, just behind Toyota and Sony.

Author: Cryptopolitan
SOOHO.IO and Chainlink Promote the Development of the Korean Won Stablecoin Ecosystem

SOOHO.IO and Chainlink Promote the Development of the Korean Won Stablecoin Ecosystem

PANews reported on September 22 that South Korean blockchain technology company SOOHO.IO and Chainlink launched the "Project Namsan" project, aiming to build a Korean won stablecoin ecosystem. The project has launched a pilot program targeting foreign tourists, allowing participants to deposit US dollar stablecoins in exchange for digital payment vouchers denominated in Korean won, reducing payment costs by over 30% compared to traditional foreign exchange channels. The project leverages Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect multiple public and private chains. Chainlink's Proof of Reserve technology continuously verifies stablecoin reserves, ensuring that Korean won payment vouchers are only issued after stablecoin settlement verification, enabling a transparent and reliable delivery-versus-payment (DvP) model. CCIP utilizes a defense-in-depth security model, with its consensus layer powered by Chainlink's Decentralized Oracle Network (DON), which has secured over $100 billion in DeFi locked value and facilitated tens of trillions of dollars in on-chain transactions since 2022. The pilot program has been underway since July this year in partnership with Grand Korea Leisure (GKL), a South Korean public enterprise. GKL's foreigner-only casino, Seven Joy, welcomes approximately 1.5 million international visitors annually and has branches in major tourist destinations such as COEX in Gangnam.

Author: PANews
Capital Without Borders: How MAIV Unlocks Global Wealth Through Strategic Diversification.

Capital Without Borders: How MAIV Unlocks Global Wealth Through Strategic Diversification.

Picture this: In the high towers of Zurich, a woman named Elise scrolls through charts of bond yields and private equity valuations while sipping espresso. She’s no hedge fund manager, just a freelance designer with a keen eye for macro trends. Also, In a café in Medellín, Tomás watches rental indexes rise across Europe while sketching his next UI project. And in Kyoto, a retired engineer named Satoshi checks in on his U.S. real estate income through a blockchain dashboard built thousands of miles away. This is not fiction. It’s the new financial reality, and it’s powered by platforms like MAIV, an elegant system that turns geography into an opportunity rather than a limitation. Global, yes. But grounded in something deeper: strategic diversification that protects, scales, and elevates portfolios beyond borders. Because in today’s world, if your wealth is trapped in your local market, you're not investing. You’re gambling. The Old Way: Geography as a Cage. If we're being honest, traditional investing is still rooted in restriction. Your local bank offers limited instruments. Your government regulates what you can access. Your passport decides which funds or markets you’re allowed to play in. Unless you're a high-net-worth individual or institution, entire asset classes remain locked behind velvet ropes. That’s not diversification. That’s financial gatekeeping wrapped in legacy compliance. And in that world, when a regional downturn hits, be it housing in Berlin or inflation in Buenos Aires, your capital has no escape route. You suffer the full brunt. MAIV’s Way: Strategy First, Borders Nowhere. What MAIV understands better than most is this: diversification is not about owning different things. It's about pursuing different strategies across markets that behave independently. Let’s break that down. Geographic Strategy: MAIV taps into yield-rich environments with varied economic cycles. When North American rental yields plateau, Eastern European emerging markets or Latin American refinancing deals can still outperform. Capital Stack Strategy: Rather than sticking to equity alone, MAIV gives investors exposure to senior debt, mezzanine financing, and hybrid instruments, each offering different risk-reward dynamics. Duration Strategy: Short-term bridge lending. Mid-term commercial financing. Long-term equity participation. MAIV builds optionality into timelines, not just locations. Market Maturity Strategy: Institutional deals in regulated EU jurisdictions sit alongside higher-growth, earlier-stage opportunities elsewhere, designed to balance risk and return at a portfolio level. This isn’t about real estate in Hungary vs condos in Mexico. This is about playing the entire chessboard of global finance, knowing when to go aggressive, when to go defensive, and how to stack the game in your favor. Real Yield, Real Options, Real Geography. Remember Tomás from Medellín? He didn’t just randomly invest in Eastern Europe. He followed MAIV’s quarterly reports and saw the emerging refinancing gap in Poland. The data showed favorable LTVs, rising demand for development capital, and most importantly, tight regulatory protections. And Elise in Zurich? She leaned into MAIV’s short-duration debt pools in Portugal, choosing security and liquidity over volatility, knowing the same capital could later be rotated into higher-yield ventures in Spain or the Balkans. These investors aren’t just betting on buildings. They’re betting on strategy. And MAIV? They’re the architect of those strategies, curating, vetting, structuring, and delivering them in a way that’s both compliant and accessible. The Passport Problem (and Why MAIV Destroys It). For decades, your nationality determined your investment ceiling. An American can’t access certain Swiss funds. A European might be locked out of early-stage Asian fintech. A freelancer in Santiago may never even hear about a commercial refinancing opportunity in Belgium, let alone invest in it. MAIV eliminates that. They’ve built infrastructure that is globally compliant yet locally flexible. EU-registered, legally sound, and smart-contract powered... MAIV’s system routes around red tape without cutting corners. Investors get access to previously unreachable deals, without skirting the law or relying on shady proxies. This isn’t loophole investing. This is infrastructure-grade finance for the internet era. Why Strategic Diversification Matters More Than Ever. Let’s zoom out. 2020–2022: Investors learned the hard way that putting all eggs in DeFi was dangerous. Flash loans. Rugs. Tokens with no intrinsic value. 2023: The RWA narrative begins. Hype rises. But substance? Rare. 2024–2025: The winning portfolios will be those built not on vibes, but on layered strategies, across multiple jurisdictions, using well-structured instruments. MAIV saw this early. That’s why they’re not a "platform." They’re a strategy engine. A portfolio oracle. A compliance-native yield machine. And the key ingredient? Intelligent, intentional diversification. Not five real estate assets in five cities. But five investment strategies designed to move independently, deliver uncorrelated returns, and react intelligently to macro shifts. The Human Side of Global Wealth. We often treat global investing as abstract. Charts, numbers, currency pairs. But at the core of MAIV’s mission is a deeply human idea: that where you live shouldn't limit what you build. Tomás wanted to support his parents while building a life of freedom. Elise wanted to travel more and work less. Satoshi wanted his retirement to mean peace, not panic. MAIV gave them not just access, but direction. Not just deals, but purpose. And the result? Capital that travels freely. Risk that’s measured. Yield that’s earned, not guessed. Portfolios that actually protect rather than pretend. No More Local Mindsets in a Global World. The 1% have always known how to diversify strategically. They don’t panic when one market dips. They rotate. They balance. They move like water. MAIV hands that same toolkit to everyone else. This is investing without borders. This is strategy over noise. This is freedom wrapped in structured finance. And whether you're in Seoul, Sydney, or São Paulo, the message is the same: Think globally. Diversify strategically. Invest with MAIV because the world is your portfolio, if you have the right partner to unlock it. Useful links. Website: maiv.io Discord: https://discord.gg/JHZvtyHwnM X: https://x.com/MAIV_FINANCE Capital Without Borders: How MAIV Unlocks Global Wealth Through Strategic Diversification. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story

Author: Medium
Sunperp on Tron: Perpetual DEX in testing with cross‑chain liquidity and ADL

Sunperp on Tron: Perpetual DEX in testing with cross‑chain liquidity and ADL

Sunperp, a new perpetual DEX being tested on the Tron blockchain, promises millisecond executions and an integrated ADL system.

Author: The Cryptonomist
Top 4 Cryptos That Could Spike in the Upcoming Altcoin Season

Top 4 Cryptos That Could Spike in the Upcoming Altcoin Season

The post Top 4 Cryptos That Could Spike in the Upcoming Altcoin Season appeared on BitcoinEthereumNews.com. The post Top 4 Cryptos That Could Spike in the Upcoming Altcoin Season appeared first on Coinpedia Fintech News Every crypto cycle brings back the same question: which altcoins will take center stage this time? Many investors may already be gearing up for the altcoin season, as history shows that countless tokens often make big moves. With hundreds of tokens in the crypto market, which ones could be worth the spotlight? Searching for the next big mover can feel like standing at a crossroads, unsure which path leads to opportunity.  This article dives into 4 cryptos that could spike during the altcoin season, starting with SpacePay (SPY token).  SpacePay’s ongoing presale, low entry price, and real-world payment solution give it a unique position as we head into a bigger phase of the market cycle. Why SpacePay (SPY Token) Could Be the Breakout Star Crypto adoption has grown a lot over the years. But one big problem is still unsolved: everyday payments. Spending crypto can be difficult, and that is the problem SpacePay was created to fix.  SpacePay is a revolutionary cryptocurrency payment software solution designed to transform how people transact in the digital economy. Its software works directly with existing card machines, as it allows users to spend cryptocurrencies from over 325 wallets. Meanwhile, merchants can get their payouts in their preferred local currency. This means crypto holders can now use their assets for daily purchases without worrying about volatility. Businesses can also gain access to new customers without extra risk. The SPY token, which powers this ecosystem, is currently priced at just $0.003181 in its presale. How SpacePay Solves the Payment Challenge SpacePay does more than just make crypto usable. It brings together solutions to problems that have slowed down mainstream adoption. It allows merchants to pay only a…

Author: BitcoinEthereumNews
Hyperliquid's success and hidden dangers

Hyperliquid's success and hidden dangers

I've been really busy lately and can't write a 10,000-word research report any more. I'll try to change my writing style and just state my opinions and reasoning. Please forgive me, dear readers. 1. Research Background I have recently researched almost all the Perps (perpetual trading platforms) on the market. The five-fold growth of the hype market proves once again that when I first researched it last year, I still overlooked its core value. Moreover, recently aster, antex, dydxV4, and even Sun Ge's sunPerps, which shook the track, have gradually brought the Perps track into a period of explosive growth. Furthermore, major exchanges are vying to list Hyper and its perpetual trading capabilities. Yesterday, news broke that Metamask, following Phantom, is planning to integrate Hyper's perpetual trading capabilities. Circle has also become a validator, addressing concerns about its core decentralization. Hyperliquid itself is also striving to improve its openness, particularly with the gradual rollout of HyperEVM and HIP2/3/4. 1.1 Three Elements of the New Track At this point, Perps basically has the three key elements of a new track. In fact, if we look back at any huge track wave in history, we can see that it is often the new leading platform, new wealth opportunities, and new narrative background. The trend gathering will bring about peaks, while the subsequent platform's airdrop strategy, the gradual development of platform complexity, and the decline in user perception of freshness will gradually bring about troughs. This process has actually gone through many waves. The typical scenarios are as follows. The following modules have been analyzed in the previous public account articles of "Fourteen Gentlemen". If you are interested, you can check it out yourself: The ICO craze of 2017 was centered on the CEX platform. It's a basic necessity, uncontroversial, and many are doing very well now. In the summer of DeFi in 2021, the corresponding platforms are Uniswap, lending and stablecoins, as above. NFTs, which have been around for 22 years, actually have protocols that existed long before, but only reached their peak thanks to OpenSea. The root of this was pricing through transactions, which then led to dissemination based on price. Its decline stemmed from arrogance, with its airdrop strategy and royalties leading to a death spiral of price increases, a self-inflicted consequence. The 23-year-old inscription, corresponding to the platform Unisat, was ultimately driven by short-sightedness. At its peak, it focused on asset issuance, not application development, resulting in a short lifespan for its narrative. When other new narratives emerged, RWA and perps dominated attention, hindering the recent Alkanes and BRC2.0 from regaining their popularity. This is a self-inflicted failure. The 24-year meme and the corresponding pump platform, as well as this year's dark horse Axiom, have made this wave exceptionally long-lasting. This is due to the advantages of the chain itself in terms of transactions, the constant influx of people who are interested in trading, and the new users brought by the wave of compliance, which has enhanced the life cycle. Finally, in 25 years, there are both RWA (focused on stocks) and Perps (led by hyperliquid). 2. Understanding the key steps in the development of hyperliquid 2.1 Current Development Status Objectively speaking, the system remains relatively centralized, theoretically capable of being disrupted by unplugging the network. Furthermore, hacker funds are siphoned off, creating significant obstacles for many exchanges in terms of compliance and attracting significant attention. However, the data is highly contradictory. Hyperliquid currently has about 10,000 to 20,000 daily active users, out of a total user base of about 600,000. A core group of 20,000 to 30,000 of these users contributes nearly $1 billion in revenue, a significant portion of which comes from the United States. The cumulative trading volume has exceeded 3 trillion US dollars, and the average daily trading volume has reached nearly 7 billion US dollars. Currently supports Perps trading of more than 100 assets. Looking at his data in this way, I can only say that it is really great. Although the number of users seems small, they are the group that can make the most money. 2.2 Major Updates and Interpretations The specific timeline is as follows March 25: HyperCore and HyperEVM were connected, theoretically allowing users to trade core tokens from the EVM (trading only at the time). April 30: Launched the read precompile feature, enabling HyperEVM smart contracts to read state from HyperCore. May 26: Small block time halved to 1 second, increasing the throughput of HyperEVM. June 26: The HyperEVM block was updated to remove the previous ordering of only published orders to improve integration with HyperCore. On July 5, HyperEVM updated a new precompiler called CoreWriter. This enables HyperEVM contracts to be written directly into HyperCore, including functions such as placing orders, transferring spot assets, managing treasury bonds, and staking HYPE. Recently, Builder core and Hip4 have also entered the data prediction market. This step of entry was completely unexpected by the market. This also means that the founders have very unique ideas in thinking about the pain points of the industry, which often leads to polarization of the platform. How do you understand this series of updates? First, compared to last year, Hyperliquid now has open core order operation capabilities. HyperEVM In particular, the dual-chain architecture based on EVM has an outrageous logic. Under the premise that HyperCore is not open (cannot be deployed), a large number of pre-compiled contracts are added through HyperEVM and connected to HyperCore. In theory, it has the access basis of wallets (phantom, metamask) and exchanges, and can theoretically realize EVM transaction operations to execute Core's order asset trading and other capabilities. The official picture shows the positioning of hyperEVM in the system It can be seen that HyperCore and HyperEVM writes and reads are uniformly confirmed by HyperBFT. The specific mechanism of the validator's confirmation information mechanism is not public, and there is no cross-chain bridge or delayed synchronization. The dynamics that can be seen through on-chain transactions are that HyperEVM can affect HyperCore by executing writes through the system contract (0x333…3333, CoreWriter.sendAction(...)), which can perform order placement, liquidation, and lending operations. The status (of the previous block) fed back by HyperCore can be read by the smart contract of HyperEVM. User data — positions, balances, and vault information Market Data — Mark Price and Oracle Price Staking data — delegation and validator information System data - L1 block count and other core metrics The information is essentially received by the EVM system contract, which generates corresponding receipts or events and records them. And in the EVM, the precompiled contract (0x000…0800) can call perp positions or oracle price (oraclePx) Secondly, the implementation of hip2 and hip3 is changing the platform positioning of Hyperliquid. Hyperliquidity This is an on-chain liquidity mechanism built into Hypercore. It automatically places buy and sell orders based on the current price of the token, maintaining a narrow spread of approximately 0.3% without manual intervention. This mechanism allows for native-level liquidity insertion operations built into the block logic without AMMs or third-party bots. For example, when the PURR/USDC spot market launched, Hyperliquidity immediately issued seed transactions with initial depth, allowing real trading before normal user liquidity arrived. Builder core This mechanism is highly valuable for the future, allowing DeFi builders (developers, quantitative teams, and aggregators) to collect additional fees as service revenue when placing orders on behalf of users. The application scenario for this system is clear, and it represents a move to open up profits and embrace ecosystem co-construction. **Quantitative strategy hosting, **The quantitative team helps users place perp position orders and collects management fees through builder fees, forming a compound profit model of "revenue sharing + builder fee" Aggregators/transaction routers, such as 1inch and Odyssey, integrate perp trading services on Hyperliquid and can charge builder fees as a routing revenue model. The initial launch has already brought over 10 million US dollars in dividend income to some projects, which shows the effect of hyper funds being deeply deposited at the platform level. In fact, the issue of opening up depth is not just Hyper. The previous Uniswapv4 also wanted to do this through hooks, but v4 did not take off, and most users are still accustomed to v2 and v3. This may be the influence of having less historical baggage and stronger centralized decision-making. 3 Summary and Comments 3.1 There are many advantages. Let’s go through them one by one. Hyperliquid's primary advantage was its strong early product capabilities, which stemmed from addressing two user pain points: The trading needs of non-compliant users are actually even more rare in this year's wave of compliance. Advanced trading users demand high leverage and high transparency. The former brings KOL exposure, while the latter is often ignored by market incumbents, that is, the dark under the light, thus catching many CEXs off guard. The second is the team background itself. Its biggest advantage here is that it has a small number of people, so the communication gap, wear and tear, and labor efficiency are all very high. With an overall staff of more than a dozen people, excluding 3-4 product operation BDs and deducting the front-end and back-end, it means that only 3-4 people can build a high-performance chain of 20Wtps. Compared with many blockchain teams of traditional large companies, which can also produce a lot of palace fighting dramas, it is much better. In the background, his market maker foundation started in 2020 actually brought good initial depth. He also felt in many details that his matching logic and other order book systems are not simply settled gradually by time and amount. However, the data is insufficient, so I will supplement it later when I do comparative analysis of multiple Perps. Then there's the trend. General projects need to adapt to the market, but when a platform reaches its peak popularity, the market can adapt to it. This is the treatment Hyperliquid is receiving now. On the one hand, the openness of the aforementioned updates creates space for diverse ecosystems to enter. This contrasts with many previous platforms, which often prioritized doing everything themselves, reaping all the benefits, single-handedly criticizing OpenSea, and even imposing mandatory royalty systems, forcing the market to follow the leading platform. Each of these platforms incurs high, fixed costs, interfering with the flow of goods and affecting market pricing, ultimately becoming a family heirloom. In Hype, he opened up EVM and all kinds of DEX PEPS APIs, so soon a bunch of derivatives appeared on the market. Hyperliquid's generosity can also be seen in the airdrop. It was impossible for it to take the compliance route from the beginning. Therefore, he will not try to embrace the so-called expectations of going public, so he will naturally release the profits. Then he will pledge the hype back through the HLP mechanism, release the profits and make profits again, so that the official tokens can be dispersed and the market will gain the most valuable decentralized evaluation and reputation. Its openness has attracted market acclaim. Phantom first integrated its perps capabilities from the perspective of a decentralized wallet. This is not difficult, mainly due to the large amount of adaptation and development costs. Recently, there are rumors that Metamask is also integrating it. From this we can also see that those decentralized wallets that have not been updated for more than half a year have also learned to seize the annual narrative after missing the inscription. Finally, he pushed for the introduction of giants such as Circle to join as validators to bring decentralized security and fill his decentralization gap, so that highly compliant CEX platforms also had the opportunity to access. 3.2 Disadvantages After the most challenging initial phase, the next issue is compliance. Even pure DEXs like Uniswap are embracing compliance, not to mention the European and American Hyperliquid, whose users have also made their fortunes. If a platform is deemed non-compliant or otherwise severely errs, existing CEX/Wallet partnerships will be severed, and former allies will part ways. In addition, the subsequent development of this system will also face the problem of development complexity. Most projects become more and more complicated as they are written, and it is difficult to simplify them and return to the first principles. In the end, novice users cannot understand how to use them and lose fresh blood. Finally, there's the single-point risk. The current claimed 20Wtps, if accessed by multiple global platforms, would create numerous information inconsistencies, placing immense pressure on the core hyperCore module. Building this high performance takes time. The official market maker background may not be able to handle the volume, and if multiple outages trigger liquidation issues (similar to the short squeeze incident in March), this could lead to significant downtime. The reputation that is accumulated with great difficulty is inherently fragile.

Author: PANews