Hyper Foundation addresses concerns over Hyperliquid validator

The Hyper Foundation has addressed recent allegations regarding its validator selection process for Hyperliquid, its high-performance layer-1 blockchain. Responding to claims that validator seats could be bought, the foundation clarified that the selection of validators was based on a merit-driven process. Hyperliquid, launched in November 2024 as a decentralized perpetual futures exchange, operates with 16 blockchain validators, and the foundation emphasized that these validators were selected for their dedication to understanding the system and its ecosystem. The foundation rejected the idea that validator positions could be purchased, asserting that the growth of validators would naturally occur as the ecosystem expands.

In addition, the Hyper Foundation addressed concerns over Hyperliquid’s closed-source code and single-binary infrastructure. While acknowledging the advantages of open-source projects, the foundation defended its approach by citing the rapid pace of development and comparing Hyperliquid’s architecture to that of established blockchains like Solana. The foundation assured that open-sourcing the code would be considered once the project reaches a stable and secure state.

Hyperliquid gained attention with a large token airdrop in November 2024, distributing 310 million tokens (31% of the total HYPE supply) to early participants. The project also launched HYPE staking, securing $8.4 billion worth of its cryptocurrency to strengthen the layer-1 chain and foster developer engagement.