Hyperliquid (HYPE) token is once again in the spotlight as validators have raised concerns about its centralization and lack of transparency. The topics of major challenges including closed source code, centralized API dependence, and closed decentralization have generated discussions across crypto. As a result, HYPE token price suffered a sharp drop of 15% in the last 24 hours amid the broader market volatility. With increasing demands for transparency, the project’s future remains under a critical challenge.
Hyperliquid Responds to Validator Decentralization Concerns
Hyperliquid has come under fire following claims about decentralization flaws raised by Kam, a well-known figure in the crypto community. Kam, in a detailed post on X, highlighted concerns about the platform’s validator structure, accusing it of being overly centralized and closed to wider participation. He also alleged that the current system restricts competition and creates barriers for validators outside the init
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