<ul><li>Popular decentralised exchange (DEX) Hyperliquid (HYPE) has delisted perpetual future contracts for Solana-based meme token JellyJelly (JELLY), impacting traders’ positions.</li><li>The decision comes after Hyperliquid was forced to absorb a large liquidated short on their platform for JELLY.</li><li>This has prompted wide-spread criticism regarding the decentralisation principles that Hype is meant to embody, as well as concern regarding Hyperliquid’s processes and operations.</li><li>Hyperliquid had widely been considered a great success since it launched its decentralised exchange at the end of 2024.</li></ul>

Hyperliquid Delists Perpetual Futures for JELLY, Drawing Industry Criticism

Discover more