DFINITY founder Dominic Williams claimed on X that Hyperliquid is effectively a centralized exchange, citing its priority access auction model as a core feature of traditional centralized platforms. He drew parallels to the New York Stock Exchange selling server cross-connects to hedge funds for front-running advantages, contrasting this with his vision of on-chain, open-source DEXs governed by DAOs that would not engage in such practices. The comments follow reports that market maker Wintermute spends approximately $10 million annually to participate in Hyperliquid's priority rights auctions. This expenditure highlights the competitive landscape among market makers seeking advantageous trading conditions on the platform.