Analysis: Jupiter has a defense mechanism and is not vulnerable to Hyperliquid-style attacks

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ChainCatcher reports that according to Blockworks, some Solana community members have raised questions about whether Jupiter's JLP risk library has similar vulnerabilities following the recent $13 million attack on Hyperliquid. Analysts believe that Jupiter has structural defense mechanisms and is unlikely to encounter a similar attack.

First, Jupiter only supports mainstream assets with high liquidity such as SOL, ETH, and wBTC, while Hyperliquid allows trading of tokens with lower liquidity (such as JELLY), making it easier to manipulate. Second, Hyperliquid relies on internal order book matching, where attackers can 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 borne by JLP, without involving secondary risk libraries or manual intervention, ensuring stable trade execution. Although JLP still needs to address risks such as one-sided market trends, it balances pool risks through methods like dynamically adjusting lending rates.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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