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by: xpoolPosted on: October 18, 2025

Hyperliquid Governance Sparks Concerns Over Centralization Risks

Hyperliquid, a Singapore-based on-chain derivatives exchange, is facing scrutiny for its governance model’s centralization risks. Recent events involving the JELLY incident have intensified these concerns and raised questions about regulatory interventions. This report explores the impact of Hyperliquid’s centralized structure on market trust and potential regulatory implications.

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Centralization DeFi Hyperliquid

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