Golden Finance reported that Rune, co-founder of Sky (formerly MakerDAO), posted an update on the X platform, drawing attention in the crypto field. He mentioned in the article: “The Hyperliquid concept is excellent and the product execution is also very thorough.” But I can’t help wondering, if someone wants to recreate this concept and adopt an open-source stack with built-in security that has been tested in practice, what would be the best choice? Is it the OP/arbi stack? Or are there other options with better performance that do not affect security and reliability?
From Rune’s remarks this time, it is not difficult to see that he quite agrees with the Hyperliquid model, but also keenly perceives that there is room for exploration and optimization when the current open-source stack is applied to the development of similar products. This direction of thinking is highly likely to prompt Rune and his team to explore the use of open-source stacks to build a product that competes with Hyperliquid.
Hyperliquid, as a highly regarded trading platform in the cryptocurrency field, has carved out a niche in the market with its unique trading mechanism and efficient trading experience. Previously, a trader named 0xf3f invested a huge amount of money to short Bitcoin on the Hyperliquid platform, establishing a short position of 499 million US dollars with a leverage of 40 times, which attracted widespread attention from the market. This clearly shows that the platform has significant advantages in large transactions and high-leverage operations, and is highly attractive to professional traders.
If the Rune team really embarks on developing the Hyperliquid competing product, with the openness and flexibility of the open-source stack, it is expected to bring users a more innovative trading experience. For instance, in terms of transaction fees, types of transaction pairs, and user asset security guarantee mechanisms, better solutions may be achieved through the power of open-source communities. The open-source stack can also attract numerous developers from around the world to participate, continuously improving product functions and enhancing product competitiveness.
At present, the cryptocurrency trading market is highly competitive. Besides Hyperliquid, there are many other trading platforms making efforts in different niche fields. If the Rune team joins this competition, every step it takes in product planning, technology selection, market promotion and other aspects will be closely watched by the market. This article by Rune may mark the beginning of a new round of innovative competition in the field of cryptocurrency trading platforms. Golden Finance will also continue to follow up and report on the related progress.
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