⚡ Wintermute wins 76% of Hyperliquid's priority data auctions, stirring a fairness debate
A wallet linked to market maker Wintermute won roughly 76% of Hyperliquid's top-priority data auctions over the past month, according to Loris Tools data cited by Bloomberg. The system lets traders pay for a milliseconds-early look at incoming orders, giving their algorithms time to adjust quotes or hedge before trades execute.
DRW founder Don Wilson questioned the setup's fairness and regulatory implications. Hyperliquid Labs said participation is open to all and payments are recorded onchain, and Wintermute CEO Evgeny Gaevoy argued that paying for speed is common in traditional markets.
⭐ As Hyperliquid grows into one of the biggest derivatives venues, questions over whether large firms get an edge could draw regulatory attention and shape how traders view onchain market fairness.
#Hyperliquid #Wintermute #DeFi #MarketStructure
A wallet linked to market maker Wintermute won roughly 76% of Hyperliquid's top-priority data auctions over the past month, according to Loris Tools data cited by Bloomberg. The system lets traders pay for a milliseconds-early look at incoming orders, giving their algorithms time to adjust quotes or hedge before trades execute.
DRW founder Don Wilson questioned the setup's fairness and regulatory implications. Hyperliquid Labs said participation is open to all and payments are recorded onchain, and Wintermute CEO Evgeny Gaevoy argued that paying for speed is common in traditional markets.
⭐ As Hyperliquid grows into one of the biggest derivatives venues, questions over whether large firms get an edge could draw regulatory attention and shape how traders view onchain market fairness.
#Hyperliquid #Wintermute #DeFi #MarketStructure
