Hyperliquid CEO: Wall Street's Wealth Creation Model Is Unsustainable for Most Participants

Odaily News: Jeff Yan, co-founder and CEO of decentralized exchange Hyperliquid, stated at Token2049 Singapore that Wall Street's traditional wealth creation model is unsustainable for most participants. Assets such as company stocks are often only opened to the public after listing, causing retail investors to miss the main growth gains before listing.

Jeff Yan stated that Hyperliquid's main goal is to expand wealth creation opportunities and participation in the financial system. Revenue is merely a byproduct of providing user value, not an optimization target. Its perpetual contracts have no expiration date, which can reduce the number of decisions traders need to make and avoid liquidity fragmentation.

Hyperliquid generated $72 million in revenue over the past 30 days, ranking third among the highest-revenue DeFi protocols. In July of this year, Pantera stated that on-chain perpetual contracts may become mainstream trading instruments in global financial markets due to structural advantages.

Jeffrey Sprecher, CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, previously called on regulators to create a fair competitive environment for 24/7 on-chain perpetual contracts. In March of this year, NYSE partnered with tokenization platform Securitize to develop blockchain-based stock trading infrastructure. (Cointelegraph)