Lighter
费用透明度地域记录公开记录完整度
- — Fee snapshots on file: Hyperliquid 8 vs Lighter 0.
- — Geographic restriction records: Hyperliquid 2 vs Lighter 14.
- — Public-record completeness composite differs (Hyperliquid 20 vs Lighter 16).
备选平台
Hyperliquid 备选平台 — 证据比较
备选平台用于证据比较，不是推荐。纳入是因为公开证据属性与 Hyperliquid 不同 — 不是因为 Hyperliquid “不好”，也不是因为商业关系。
为何纳入这些平台
每个候选至少在一项已发布证据属性上与 Hyperliquid 不同（监管、法律实体映射、储备证明、托管、地域记录、产品或完整度）。选择由公开快照决定。
证据属性
| 平台 | 监管 | 法律实体 | 储备证明 | 托管 | 地域范围 | 产品 | 覆盖度 |
|---|---|---|---|---|---|---|---|
| Hyperliquid | 0 | 1 | 0 | 1 | 2 | 1 | 5 / 7i |
| Lighter | 0 | 1 | 0 | 1 | 14 | 1 | 4 / 7i |
| dYdX | 0 | 2 | 0 | 2 | 9 | 1 | 4 / 7i |
| Binance | 4 | 4 | 1 | 3 | 3 | 4 | 6 / 7i |
dYdX
托管模式费用透明度地域记录公开记录完整度
- — Custody claim records: Hyperliquid 1 vs dYdX 2.
- — Fee snapshots on file: Hyperliquid 8 vs dYdX 0.
- — Geographic restriction records: Hyperliquid 2 vs dYdX 9.
- — Public-record completeness composite differs (Hyperliquid 20 vs dYdX 17).
Binance
监管证据托管模式储备证明可得性费用透明度地域记录产品收录公开记录完整度法域
- — Regulatory records on file: Hyperliquid 0 (exact IDs 0) vs Binance 4 (exact IDs 4).
- — Custody claim records: Hyperliquid 1 vs Binance 3.
- — PoR snapshots on file: Hyperliquid 0 vs Binance 1 (PoR ≠ audit).
- — Fee snapshots on file: Hyperliquid 8 vs Binance 0.
仍未解决的问题
未决问题与缺失领域保持未知。空单元格不是安全结论。
- Hyperliquid: Terms state Interface/protocol not licensed by any authority; not converted to Unregulated authorization row
- Hyperliquid: Non-custodial interface; no PoR disclosure expected/found
- Lighter: Elliot Technologies Interface disclosed; no regulator authorization packaged
- Lighter: Non-custodial interface; no PoR disclosure found
- dYdX: DTI states it does not operate public deployments; no licence record packaged
- dYdX: DEX/software — no PoR product applicable / no disclosure found
- Binance: Fee schedule blocked by bot/JS wall; no official PDF numeric schedule confirmed this phase
局限
这不是“最佳备选”排名。档案再核验后差异可能变化。区域记录并不意味着全球获批。