Hyperliquid Spot Trading Slippage: Order Book Depth and Execution Quality vs CEXs
A trader placing a 50,000 USDC order across Bitcoin, Ethereum, and stablecoins needs to understand where execution happens most efficiently. Centralized exchanges like Coinbase and Kraken maintain deep order books built on years of accumulated liquidity, but they also charge deposit fees, enforce KYC requirements, and hold custody of assets. Hyperliquid, operating as a decentralized […]





































