Hyperliquid
product on 4 shows · 16 statements across 4 episodes · said 40 times in 6 episodes since 2025
TBPN 33 
WTF is with Nikhil Kamath 3 
20VC 3 
Cheeky Pint 1
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2026 9 mentions in 3 episodes 3 per episode
- Brian Armstrong: Bitcoin, Banks & The New Rules Of Money | Nikhil Kamath | People by WTF · Nikhil Kamath
- Jersey Mikes's IPO, AI Lab Nationalization, SpaceX AIPhone | Diet TBPN
- How We Got Fred Wilson, Benchmark and Index to Invest $94M | Why Robinhood's Strategy is Wrong · 20VC with Harry Stebbings
- every mention in 2026, scene by scene →
2025 31 mentions in 3 episodes 10 per episode
every mention on every show, scene by scene, with the transcript →
16 statements about Hyperliquid, every show
Hays: Hyperliquid generated $908M in total fees in 2025
“Hyperliquid generated nine hundred and eight million in total fees in 25.”
Hyperliquid Pre-IPO Perpetual Prices Converged to Cerebras IPO Valuation
“So what we saw with Cerebris is when the IPO happened, the hyper liquid price started to converge to that price at IPO, right?”
Abrams: Bridge issues stablecoins with Phantom, MetaMask, and Hyperliquid
“And today we're issuing stablecoins with Phantom, we're issuing stablecoins with MetaMask, we're issuing stablecoin for Hyperliquid.”
Yan: Hyperliquid Is Primary On-Chain Price Discovery Venue
“Hyperliquid is the primary on-chain venue for price discovery.”
Yan: Hyperliquid Generates Over $1B in Annual Revenue
“It does more than a billion dollars in revenue a year.”
Jeff Yan: Hyperliquid will ultimately become the rails for all finance
“And so we hyper liquid really is what we think like credibly neutral protocol, which will ultimately be the rails that kind of all the finance kind of upgrades their tech stack.”
Yan: Day-one VC insiders permanently scar a protocol's credible neutrality
“If there are insiders from day one, it doesn't matter how much dispersion of supply, mindshare, talent, et cetera. There is the sort of like the big bang moment will always be there and will always sort of like a scar on the record of the thing.”
Yan: Perpetuals trading generated over 50% of all crypto revenue
“And purpose trading was the obvious one I think it was probably doing. More than 50% of the revenue in all of crypto back then, sort of back of the envelope calculations.”
Yan: Automated trading requires approximations due to noise, unlike AI learning
“I think there's a lot of, it feels a bit like doing physics kind of. It's like you do a lot of approximations. You don't, you can't get anything exactly right because markets are basically a, there's a lot of randomness, right? There's more noise than there is…”
Yan: Hyperliquid is built on intuition and never does A/B testing
“It feels like we are, we actually like not very data driven at all. It's basically all intuition. It's just like, we just think really hard about how the world should be. And we just try to do the best thing that will obviously like adapt to data. Like if some…”
Jeff Yan: Hyperliquid operates with 11 people and zero marketing staff
“We're only 11 people and we don't have it. We don't have, we have no one working on marketing.”
Jeff Yan: Main financial pillars on Hyperliquid are built by community
“The sort of like pillars of finance on hyperliquid are, By and large, built by community members.”
Jeff Yan: Hyperliquid Plans to Launch U.S. Equities Perpetuals By 2026
“There are already some perps on, so there are gold perps tokenized gold and there, I think the answer to when is probably in the next year, because HIP three I think is unlocking a lot of this. So basically letting, it lets anyone kind of come and deploy their…”
Yan: Hyperliquid Runs on 24 Top Stake Validators
“It's really not. It's a blockchain. The validator sets permissionless. They're currently 24 validators. You know, anyone can spin one up. It's like top, top 24 by stake. The validator set, you know, every validator executes every transaction, including all the…”
Yan: Hyperliquid is hiring in-person only for new recruits
“New, for new recruits, we're trying to do in person only. There, yeah, initially it was remote when we found that it doesn't work super well with our work style.”