Hyperliquid (HYPE) has been at the center of a heated debate regarding its validator setup. Critics are concerned about the platform's lack of transparency and decentralization, accusing it of selling validator seats and operating with a limited number of validators. This has led to discussions on social media, particularly on Twitter, where community members are scrutinizing the network's operations. Hyperliquid, a decentralized exchange running on its own blockchain, has faced criticism for its closed-source node code and reliance on a single-binary system. Despite defending its current approach, the DEX plans to make the code public once it is secure. The foundation also addressed misconceptions about its validator setup, emphasizing plans to expand the validator set for a more decentralized infrastructure. Additionally, Hyperliquid has faced scrutiny over token price volatility and outflows, with the HYPE token experiencing a significant drop in value since its all-time high in December 2024. Read more AI-generated news on: https://app.chaingpt.org/news