DFINITY Founder Says Hyperliquid Is Actually a Centralized Exchange

Odaily reports that DFINITY founder Dominic Williams stated that Hyperliquid is actually a centralized exchange. He noted that selling priority access to specific trading parties is a key part of the business model of most centralized exchanges—for example, the New York Stock Exchange sells server cross-connections to hedge funds, enabling them to front-run trades; whereas an on-chain, open-source MULTI/DEX updated by a DAO would not do this. It was previously reported that market maker Wintermute spends approximately $10 million per year participating in Hyperliquid's priority auction.