《Hyperliquid team explains in detail: Does centralized control exist?》Regarding the short address starting with 0x7ae4 mentioned by the community, the Hyperliquid team stated that the address belongs to a former employee who left in the first quarter of 2024 and currently has no association with Hyperliquid Labs, and their behavior does not represent the team's position; any fees paid by any address are verifiable on-chain, and every transaction and its paid fees or received rebates are transparently indexed by nodes, API services, and third-party analysis tools; on Hyperliquid, the entire system state is on-chain, which means 24 validators are executing the same state machine under BFT consensus rules, and there is still substantial work to be done on the path toward higher levels of decentralization. Read full article: