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Crypto DeFi

Hyperliquid CEO says Wall Street wealth model unsustainable for most

Hyperliquid co-founder and CEO Jeff Yan said at Token2049 Singapore that Wall Street’s traditional wealth-creation model is unsustainable for most participants, since assets such as company stocks usually open to the public only after listing, leaving retail investors out of pre-IPO gains. Yan said Hyperliquid’s main goal is broadening wealth-creation opportunities and financial participation, with revenue a byproduct rather than an optimization target. Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among DeFi protocols.

Original source

AI take

Yan's critique lands differently coming from a venue whose own revenue already rivals major DeFi peers, since it frames perpetuals and pre-launch exposure as an access fix rather than a product pitch. The tension worth watching is whether that stated priority survives commercial pressure: a platform that treats revenue as a byproduct still has to fund itself, and the $72 million figure suggests the byproduct is not small. How Hyperliquid balances participation goals against that revenue base is the open question.

Generated by AI for reference only.

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