The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

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
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
Prediction Not checkable as stated
Jeff Yan: There will never be another Bitcoin
“There will never be another Bitcoin.”
Jeff Yan Oct 22, 2025 ▶ 6:43 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Supported
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 Oct 22, 2025 ▶ 14:34 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Not checkable as stated
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 Oct 22, 2025 ▶ 18:52 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Prediction Held up
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…”
Jeff Yan Oct 22, 2025 ▶ 24:53 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Not publicly verifiable
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.”
Jeff Yan Oct 22, 2025 ▶ 7:39 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Not checkable as stated
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 Oct 22, 2025 ▶ 19:32 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
Assertion Supported
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…”
Jeff Yan Oct 22, 2025 ▶ 25:27 Building a $10B+ DeFi Protocol with Just 11 People | Jeff Yan Joins TBPN
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