Hyperliquid Founder: How to Win in Crypto (by Building for Users, Not VCs) | E95

Jeff Yan, the co-founder of Hyperliquid Labs, shares his evolution from high-frequency trading to creating Hyperliquid, a decentralized perpetual exchange that aspires to be the "Amazon Web Services of liquidity." He stresses the importance of designing a user-focused product that emphasizes long-term value over short-term profits, especially in contrast to the often extractive practices seen in the crypto space. Hyperliquid stands out by avoiding venture capital funding and prioritizing community benefits, with its revenue being channeled back to users. Yan believes that enhancing user experience and developing truly innovative decentralized finance (DeFi) products are essential to lure users away from centralized exchanges and unlock the full potential of crypto to transform the financial system.