[Hyperliquid Co-Founder: Hyperliquid's Fully On-Chain Settlement is Transparent and Verifiable, CEX Settlement Data is Severely Underreported] Odaily Planet Daily News - Hyperliquid co-founder Jeff.hl posted on the X platform, stating that all orders, trades, and settlements on Hyperliquid are executed on-chain, allowing anyone to verify the settlement process and system solvency without permission. This level of transparency and neutrality makes fully on-chain DeFi the ideal form of global financial infrastructure. He pointed out that some centralized exchanges (CEX) severely underreport settlement data. For example, Binance may only publicly display one settlement out of thousands occurring within the same second, which could lead to the actual scale of settlements being underestimated by a factor of 100. Jeff.hl expressed hope that the industry will regard transparency and neutrality as core features of the new financial system.