Prediction Held up AI assessment confidence: 95% certainty 3/5 debate potential 2/5

Jeff Yan: Hyperliquid Plans to Launch U.S. Equities Perpetuals By 2026

Jeff Yan · Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN · Oct 22, 2025 · at 24:53

Jeff Yan, founder of Layer-1 financial network Hyperliquid, is asked when perpetual contracts on commodities and U.S. equities will be launched on the platform.

0:00 / 0:16exact quote · 16.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“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 own.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jeff Yan

Insight
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 Oct 22, 2025 ▶ 4:56 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Prediction Not checkable as stated
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 Oct 22, 2025 ▶ 3:37 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
What-if
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.”
Jeff Yan Oct 22, 2025 ▶ 4:12 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Disclosure
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 Oct 22, 2025 ▶ 10:53 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Opinion
Yan: Hyperliquid Is Primary On-Chain Price Discovery Venue
“Hyperliquid is the primary on-chain venue for price discovery.”
Jeff Yan Oct 22, 2025 ▶ 1:53 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Supported
Yan: Hyperliquid Generates Over $1B in Annual Revenue
“It does more than a billion dollars in revenue a year.”
Jeff Yan Oct 22, 2025 ▶ 2:19 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 500 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.