Hyperliquid CEO: Bringing the Entire Financial Industry Onchain

Odaily News: Hyperliquid Labs CEO and co-founder Jeff Yan gave a rare interview, detailing the platform's operating mechanism and future plans.

Hyperliquid entered the spotlight of global traders and market observers earlier this year—after the Iran war broke out, speculators used the markets built on it to trade crude oil, with the platform offering 24/7 markets on the blockchain. In August, U.S. President Trump said the CFTC is pushing to allow Hyperliquid to "enter the United States in a fully compliant and legal manner." Hyperliquid currently operates outside the United States, but that has not hindered its rapid expansion over the past year.

In the interview, Jeff Yan introduced the protocol he built with his co-founder, the ecosystem of participants and assets tied to Hyperliquid (such as the platform's cryptocurrency HYPE), how perpetual contracts are bought and sold on the platform, and explained what a blockchain oracle is, as well as the conditions Hyperliquid needs to meet to conduct business in the United States. (Bloomberg)