L2BEAT 💗(@l2beat):A perp DEX differs from a CEX if it delivers two things: property rights over your collateral, and verifiable execution. We spent some time looking into how @Lighter_xyz and @HyperliquidX actually hold up against both. The answer is more nuanced than either camp wants you to believe. 🧵

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@l2beat

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Joined July 2021

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L2BEAT 💗@l2beat

2026.07.03 13:38

A perp DEX differs from a CEX if it delivers two things: property rights over your collateral, and verifiable execution. We spent some time looking into how @Lighter_xyz and @HyperliquidX actually hold up against both. The answer is more nuanced than either camp wants you to believe. 🧵