OKX Founder Star Xu Says Hyperliquid's Matching Engine Favors Market Makers
- —Hyperliquid matches orders in blocks rather than individually like CEXs
- —Cancellations get priority within each block
- —Market makers can cancel orders ahead of takers
- —Xu linked the October 10 liquidations to USDe used as collateral
Why it matters: Scrutiny of Hyperliquid's matching design fuels debate over trading fairness and collateral risk on the largest perpetuals DEX.
Source: Blockonomi