Jeff Yan, co-founder of Hyperliquid, presented his vision at Korea Blockchain Week 2026 in Seoul: private markets represent enormous opportunities inaccessible to the general public, and blockchain can solve this problem. The team of roughly eleven people developed the platform without any venture capital funding and has become one of the highest-volume perpetuals platforms in the crypto sector. HIP-3, the technical initiative at the core of this strategy, allows independent teams to create their own perpetual markets without prior authorization. Hyperliquid chose to distribute its HYPE tokens directly to users via an airdrop in late 2024 rather than selling tokens to venture capital investors at a discount.
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