OKX founder Star Xu Says Hyperliquid’s Matching Engine Favors Market Makers

TLDR: Hyperliquid matches orders block by block and prioritizes cancellations within each block, says Xu. Xu links Hyperliquid’s order book depth to its market maker friendly design versus many exchanges. Xu says the design offers another approach for long-tail assets that have limited liquidity. Xu blames the October 10 liquidations partly on USDe being treated [...]

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