On January 13, according to Fortune magazine, Lighter founder Vladimir Novakovski interviewed Hyperliquid co-founder Jeff Yan when he was studying at Harvard, using an internship application (at the wealth management software company Addepar).
Although this future competitor later created his own cryptocurrency trading platform, Jeff Yan does not recall the interview. The report cites a Hyperliquid PR representative stating that Jeff "does not remember the interview."
Hyperliquid is rapidly rising to become one of the most influential new players in the crypto industry. Co-founded by Harvard graduate Jeff Yan, it has risen to the top of the industry in just over two years with a team of only 11 people and without any venture capital investment.
In October of this year, amidst the market volatility triggered by Trump's threat to impose a new round of tariffs, Hyperliquid underwent the largest on-chain "flash crash" stress test in history. Data shows that the total liquidation amount across the market exceeded $19 billion that day, with Hyperliquid alone experiencing over $10 billion in liquidations, far surpassing Binance and Bybit. The system remained stable, serving as a significant testament to its technological strength.
According to DefiLlama data, Hyperliquid's derivatives trading volume over the past month was approximately $140 billion, with annualized revenue exceeding $616 million. Its native token, HYPE, has a market capitalization of nearly $5.9 billion, placing it among the top tier of crypto assets.
