Hyperliquid Co-Founder Jeff Yan: Platform Is Closer to Linux Than a Crypto Exchange
- —Yan likened Hyperliquid to the internet and Linux rather than a trading venue
- —The design rests on a few precise primitives, such as portfolio margin
- —The goal is not to take share from exchanges but to supply them technology
- —Success will be judged by new products built and the quality of builders
Why it matters: Framing itself as neutral infrastructure lowers friction with CME and Nasdaq, but shifts the project's valuation toward its builder ecosystem.
Source: Blockonomi