Founder of Hyperliquid: Transparent transactions can improve whale execution. The more public information, the better the execution effect.

Hyperliquid founder Jeff posted on the X platform that transparent transactions can improve whale execution. During the development of Hyperliquid, skeptics have always questioned the platform's ability to expand liquidity and worried about transaction transparency. Many people believe that whale users on Hyperliquid:
1) Trade first when opening a position
2) Since the liquidation price and stop-loss price are publicly available, they are highly sought after
These concerns are natural, but the opposite is true: for most whales, transparent trading can improve execution compared to centralized trading platforms. By publicly trading on Hyperliquid, whales provide market makers with more opportunities to provide liquidity to their capital flows, resulting in better execution, and multi-billion dollar positions are executed better on Hyperliquid than on centralized exchanges. Transparent platforms do not generate more preemptive trading than centralized trading platforms, and clearing and stop-loss "hunts" are no higher than centralized trading platforms, and counterparties trying to push up prices are more confident in making mean reversion trades.
According to the analysis, Jeff's opinion is contrary to that of former Binance CEO CZ. He believes that if a trader wants to conduct large-scale transactions, one of the best ways is to inform everyone in advance. Although this may sound counterintuitive, the more public information, the better the execution effect.