Hyperliquid co-founder and CEO Jeff Yan stated at Token2049 Singapore that the platform’s main mission is democratizing access to wealth creation opportunities, with revenue being merely a byproduct of delivering value to users. Hyperliquid ranks as the third-largest DeFi protocol by revenue, generating 72 million dollars in fees over the past 30 days according to DefiLlama. The platform has drawn attention from traditional finance players, including Intercontinental Exchange, the parent company of the NYSE, whose CEO advocated for a level playing field regarding 24/7 onchain perpetual futures contracts. In March, a 2.85% price error on Aave triggered 27 million dollars in liquidations.
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