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Analysis: Jupiter has defensive mechanisms, making it difficult to encounter Hyperliquid-style attacks

Apr 01, 2025 21:32:24

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ChainCatcher news, according to Blockworks, in light of the recent $13 million attack on Hyperliquid, some members of the Solana community have raised questions about whether Jupiter's JLP risk pool has similar vulnerabilities. In response, analysts believe that Jupiter has structural defense mechanisms that make it unlikely to face similar attacks.

First, Jupiter only supports mainstream assets with ample liquidity, such as SOL, ETH, and wBTC, while Hyperliquid allows trading of tokens with lower liquidity (like JELLY), making it more susceptible to manipulation. Secondly, Hyperliquid relies on an internal order book for matching, allowing attackers to manipulate prices using limit orders, whereas Jupiter uses external oracles like Pyth to provide prices, making it difficult to influence market prices through a single platform.

Additionally, Jupiter implements strict risk control mechanisms, with all trades directly undertaken by JLP, without involving secondary risk pools or human intervention, ensuring the stability of trade execution. Although JLP still needs to address risks such as market unilateral trends, it balances pool risks through dynamic adjustments of borrowing rates.

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