Hyperliquid co-founder Jeff Yan says self-custody and transparency are the core advantages of on-chain finance

Odaily News: Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week that 24/7 trading is not the real advantage of on-chain finance compared with traditional trading platforms. Crypto assets are global in nature and do not need to follow traditional market trading hours, while traditional exchanges are also extending their trading hours.

In his view, the core advantage of on-chain finance lies in users retaining control and custody of their funds. Self-custody can reduce single points of failure when counterparties, intermediaries, or custodians run into problems; the transparency of on-chain systems in theory allows users to understand everything happening within the system. Yan also said that 24/7 trading still has value for commodities, stocks, and pre-IPO assets that lack public prices after traditional markets close, and that private markets may become the next major asset class to achieve round-the-clock trading.