DeFi· ★★★· bullish·

Ren Zeping: Hyperliquid's 11-person team earned $900M in a year

  • —Hyperliquid's core team is 11 people; 2025 net profit topped $900 million
  • —Profit per employee exceeds Apple, Nvidia and OpenAI
  • —HIP-3 expanded trading into crude oil and stock indices
  • —Model relies on its own chain, on-chain transparency and 24/7 trading
Why it matters: The case shows a small DeFi team can rival tech giants on profit and pressure traditional brokerage models.
Source: ChainCatcher 链捕手