alt Hacker NewsHyperliquid and similar exchanges aren't decentralized. That is their long term goal but they are very far from achieving it.
The few actual decentralized exchanges are too slow and expensive.
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I mean, as soon as synchronisation is required in any system, block chain, distributed SAAS, even Peer to Peer sharing, decentralisation fails hard
That's one of the sticking points I have with the /idea/ of the technology
> HyperCore includes fully onchain perpetual futures and spot order books. Every order, cancel, trade, and liquidation happens transparently with one-block finality inherited from HyperBFT. HyperCore currently supports 200k orders / second, with throughput constantly improving as the node software is further optimized.
Key part:
> fully onchain perpetual futures and spot order books
There are some exchanges that are more decentralised (and older) than Hyperliquid. Hyperliquid, while being the most popular one, is not the only horse in the town.
E.g. GMX on Arbitrum chain is no longer prohibitively expensive.
Left some comments here https://news.ycombinator.com/item?id=46172450