Hyperliquid founder: HL's fully on-chain liquidation cannot be compared with underreported CEX liquidation

Hyperliquid founder Jeff wrote on the X platform that Hyperliquid's fully on-chain liquidation mechanism cannot be compared with CEX liquidations, which often underreport or miss-report liquidations. He hopes that the financial industry will recognize transparency and neutrality as key features of the new financial system and encourage other institutions to follow suit.