Can a decentralized exchange behave like a CEX? A close look at trading on Hyperliquid

What does it take for a decentralized perpetuals exchange to deliver the speed, liquidity, and order variety traders expect from centralized venues while preserving on‑chain transparency? Framing Hyperliquid as a case study helps answer that question: it’s an attempt to rebuild the familiar perpetuals trading stack—limit order books, margin modes, stop losses, maker rebates—on a …

Can a decentralized exchange behave like a CEX? A close look at trading on Hyperliquid Leer más »