Altcoins News

Story: Hyperliquid Implements On-Chain Validation After JELLY Incident

By Pankaj K

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Fully On-Chain Validation for Asset Delisting. Hyperliquid’s recent update introduces fully on-chain validator voting for asset delisting.

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The JELLY Exploit and Backlash. The criticism Hyperliquid faced stemmed from a significant incident involving the JELLY token.

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Addressing Centralization Concerns. Hyperliquid has faced increasing scrutiny over centralization in its operations.

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Hyperliquid’s Response. In response to these concerns, Hyperliquid has acknowledged its shortcomings and promised to…

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Conclusion. Hyperliquid's introduction of on-chain validator voting for asset delisting represents a…

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Hyperliquid, a decentralized perpetuals trading platform, has introduced major changes to its blockchain infrastructure following significant criticism surrounding its handling…

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Hyperliquid’s recent update introduces fully on-chain validator voting for asset delisting. This allows a quorum of validator stakes to autonomously trigger asset removals…

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In a recent update on social media, Hyperliquid explained that the Hyper Foundation validators would vote to delist the MYRO perps around 13:00 UTC on March 29, 2025.

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While the platform's swift action may have mitigated losses, it triggered widespread criticism from the crypto community, especially regarding Hyperliquid's handling of the event.

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Hyperliquid has faced increasing scrutiny over centralization in its operations. One of the main points of contention is the platform’s control over a significant portion of…

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The CEO of Bitget, Gracy Chen, was among the critics, stating that the way Hyperliquid handled the JELLY incident was "immature, unethical, and unprofessional.

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In response to these concerns, Hyperliquid has acknowledged its shortcomings and promised to improve its platform’s technical infrastructure.

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The Hyperliquid team is committed to improving its approach to governance and asset management, but rebuilding user trust will require consistent, transparent action moving…

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Hyperliquid's introduction of on-chain validator voting for asset delisting represents a significant shift towards more decentralized decision-making within the platform.

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