Hyperliquid Champions Full-Chain DeFi: On-Chain Settlements and Real-Time Solvency Expose Binance Underreporting

COINOTAG News on October 13 reported Hyperliquid co-founder Jeff’s assertion that Hyperliquid operates as a blockchain where all orders, trades and on-chain settlements are executed and verifiable permissionlessly; according to the post, this design enables third-party auditability of execution quality and real-time solvency, reinforcing arguments for greater blockchain transparency in market infrastructure.

The statement also flagged concerns about centralized exchanges’ reporting practices—citing that platforms such as Binance may aggregate multiple settlement events into single reported entries, potentially understating activity by magnitudes; the post urges the industry to prioritise neutrality and verifiable reporting as foundational features for any credible full-chain DeFi financial infrastructure.