Star Xu: Hyperliquid's matching engine is more market maker-friendly OKX founder Star Xu @star_okx shared on the New Era Finance Podcast @new_era_finance that Hyperliquid fundamentally differs from centralized order book exchanges in terms of technology: centralized exchanges process orders one by one, while Hyperliquid's on-chain matching is done block by block, prioritizing order cancellations within the block. This allows market makers to withdraw their orders before takers can act. He believes this market maker-friendly design is why Hyperliquid's order book depth appears superior to many centralized exchanges and offers an alternative path for long-tail, low-liquidity assets. Source: New Era Finance Podcast