Everything Jeff Yan said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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.”
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.”
Jeff Yan: Bitcoin would not be Bitcoin if Satoshi raised a Series A
“Bitcoin would not be Bitcoin if he had raised Series A, even if best investors in the world, you know, sickest cap table ever, still, still would, I would say that would not, Bitcoin would not be Bitcoin.”
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…”
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: There will never be another Bitcoin
“There will never be another Bitcoin.”
Yan: Retail options traders get fleeced due to complex pricing dynamics
“It's actually really hard to price an option, especially if you're retail and especially if you're using like an app that doesn't give you the information that you need. And so you're kind of getting fleeced because there was like very complicated structures.”
Yan: Bitcoin perpetual futures drive price discovery over spot assets
“Like you look at Bitcoin, for example, on any one exchange, there's like usually one very liquid Bitcoin perp and that's the liquid asset forever, never expires. And like, that's where the price discovery happens. Like billions and billions of dollars will tra…”
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: 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: 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…”
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.”
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.”
Yan: I personally work more than a 996 schedule
“I personally work more than that, but it's because I feel like I don't really have a cap personally, but everyone's.”