This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
Just bought & sent ~0.3% of $MAX supply for 17 $HYPE to the Hyperliquid Labs address
→ https://t.co/AxdrKbRLh6
They now hold ~5.5% of the total supply
Hyperliquid ethos.
Maxliquid.
A $MAX pair appeared on HyperSwap with almost no liquidity, it's showing on DexScreener but do not trade on it.
The real pool is on @LiquidLaunch: 👉
https://t.co/NlVHZwfyhD
Their pools are currently waiting to be listed on DexScreener.
Maxliquid.
This account has nothing to do with me or $MAX.
They stole every single illustration and tweet I did.
The only official $MAX contract is:
0x245146735368ee6d00d1811f24023a93e7a750b3
Don’t get scammed.
@Nagaverse@chameleon_jeff@HyperliquidX You can buy directly on liquid launch here : https://t.co/NlVHZwfyhD
If you want to use a trading bot, based bot works fine too
Paid @DexScreener since 30+ days.
Still no listing for @LiquidLaunch pools. Zero answer from dexscreener.
50M weekly volume. Growing every single day. $HYPE is near ATH.
Right now is exactly when visibility matters most
If someone knows anyone at @DexScreener please tell us.
This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
They tried to stop me
The job isn't done yet
Just bought & sent ~0.7% of $MAX supply to the Hyperliquid Labs address for 25 $HYPE
→ https://t.co/6YpSj56CT6
They now hold ~5.2% of the total supply
Maxliquid.
I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States.
Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.
6am. Office empty. City still dark.
One call to make.
I picked up the phone, looked at the Hyperliquid logo, and said nothing for 3 seconds.
That silence closed the deal.
Maxliquid.