Hyperliquid’s Jeff Yan Sets Record Straight on Market Maker Policy—Denies All Ties

Hyperliquid co-founder Jeff Yan just dropped a bombshell clarification—no cozy relationships with market makers, no backdoor deals.

Cutting Through The Noise

Yan’s statement slices through speculation like a laser. He insists Hyperliquid’s market maker policy remains transparent, impartial, and strictly by-the-book. No favorites, no exceptions.

Why It Matters

In a space where 'trust us' isn’t good enough, clarity isn’t just refreshing—it’s revolutionary. Yan’s denial isn’t just damage control; it’s a line in the sand.

Finance, as usual, stays skeptical—after all, when’s the last time a Wall Street alum turned down a lucrative backscratch?

Hyperliquid is Self-Funded

Yan shared that Hyperliquid has been entirely self-funded since its creation. He stated that the project was never about chasing profits. “I was never really doing it for money. Trading teaches you that money is really just a number,” Yan explained. All fees generated by the platform go to liquidity providers and insurance funds, with developers taking no share.

According to Yan, venture capital funding often inflates valuations without adding real value. He did not follow this model and expanded slowly but surely, investing in bringing handy features to the community. This strategy has worked, as Hyperliquid now handles over $12 billion in daily trading volume, according to data on Coingecko. 

Small Team, Big Vision

Unlike many crypto projects, Hyperliquid chose not to list on big centralized exchanges or rely on market makers to pump its numbers. Yan said the goal was to keep the project authentic and allow users to discover it naturally.

Remarkably, Hyperliquid is run by just 11 full-time employees, split between engineering and operations. Yan said the team’s small size is a strength. “Hiring the wrong person is much worse than not hiring anyone at all,” he noted, stressing the importance of culture and discipline.

Hyperliquid continues to expand with upgrades like HLP3 and deeper integrations with DeFi projects such as USDC.

Also Read: Hyperliquid Enables Multi-Quote Spot Trading on Mainnet