10/17/2025
彻底出圈了?彭博今早刊登了深挖 Hyperliquid 的文章,研究指出: · Hyperliquid 当前有 24 个验证者,而以太坊有 100 多个,但接近三分之二的 HYPE 质押,却被基金会所控制,因此对社区投票有着决策影响。 · 整个团队,总部设在了新加坡,共 15 名成员,但网站却没有屏蔽美国 IP 和用户。 · 平台也并不是完全去 VC,包括 Paradigm、Pantera、Jump Trading 在内,已经是明牌的背后投资支持者。 · 理论上,Hyperliquid 足以单方面决定一切事物,例如之前的 JELLY 事件,直接跳过社区投票,发布决策。 · 平台最大的创新,是 HLP(HYPE 自带的做市商池子,用户把钱存进去,系统帮你当庄家、自动跟别人交易)。 · 但它在某些交易中,却扮演对手方角色,批评者认为这让 Hype 团队,既制定规则、又参与了交易,让人想起了 FTX。 · 虽然团队声称,其机制已达到美国商品委员会 CFTC 监管标准,但彭博暗示:它正在挑战监管体系的边界,可能成为下一轮美国监管的焦点。
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