Now everyone is questioning whether Hyperliquid is centralized, right,??? Ah, it was originally a CEX, such as Hyper's cross chain bridge, which is controlled by only a few people and theoretically can run away. Therefore, its positioning has always been on chain CEX, a new CEX model. However, it is indeed on chain, far superior to traditional CEX in terms of decentralization and benefit distribution, and can continue to explore decentralization. No one says that it is currently decentralized First, understand how to spray But this time there is indeed a problem with Hyperliquid. Modifying the price of the oracle machine is indeed very tricky, but it cannot do so. In addition, the patching of Binance and OKX may indeed cause HyperLiquid to crash. As for the patching of Binance and OKX, it can be understood that they are direct competitors themselves, and it is indeed a problem brought by Hyper itself The core still lies in its insufficient risk control mechanism, and it must be demanded with the risk control capabilities of CEX, because Hyper itself is CEX. If the team cannot optimize the risk control mechanism from the product level, it will be its own problem, which deserves to be punished Now just focus on how Hyperliquid will survive in the future, and the on chain revolution will continue