In a recent interview, Hyperliquid founder Jeff Yan explained his decentralized platform, the beliefs behind it, and why he chose to grow slowly. Yan's strategy allowed high lipids to quietly become one of the most successful self-funded projects in the cryptocurrency field.
“I never really did that for money. I think the transaction tells you money is really numbers.” Yang said the platform was fully self-funded from the start without venture capital.
He emphasized that VCS often promotes the illusion of progress by inflating assessments without providing actual usefulness. Instead, Yang decided to focus on what wasn't good for investors, but what was best for the users and the community.
He described high lipids as a project that does not focus on making profits. Rather, it is a new way for the community, not the large investors, to get all the long-term rewards. Yan pointed out that all protocol fees are distributed only to liquidity providers and insurance funds, and developers have not received shares.
How about the token? This community-first approach is also reflected in talknomics. This is a report on Hyperliquid's unique deflation model.
Why did high lipids move away from large exchanges?
Interestingly, Hyperliquid chose not to list it in major central exchanges or engage in market maker partnerships. Yan explained that the focus is not on marketing, but on building and allowing users to discover the platform organically. Moreover, instead of driving superficial traction, he wanted to maintain reliability and decentralization.
This is an unconventional approach, but it was a success in the end. Considering the high liquid treatment of $1.8 trillion per year, we consider a trading volume of $10 billion each day to be $10 billion.
“Only 11 people” behind the Trillion Dollar Dex
Yan revealed that high lipids work with just 11 full-time members, splitting almost evenly between engineering and operation. He attributes the success of the protocol to a disciplined focus and passionate leadership. Yang emphasizes and states the importance of maintaining a highly integrated, close corporate culture “Hiring the wrong person is far worse than hiring someone.”
Hyperliquid maintains an agile approach and quietly implements upgrades such as HLP3 and other performance enhancements.
How are they growing? A large part of the growth is being integrated with Defi's biggest name. Here's our talk about USDC integration:
The founders said the vision is to make this blockchain scalable and functional for everything, while others build stubcoins, tokenized assets, or apps on top of them. He argued that such decentralization and openness fit better with the core ideals of crypto.
Yang said: “The focus now is to actually create this blockchain as performance and scalable and have all the right features to build all the finances of that blockchain.”
Ultimately, he advised builders to focus on creating projects with real entities, as opposed to mere surface-level appeal, which the crypto industry is thought to be important to regaining reliability after the recent rapid boom and painful crash cycles.
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