Within a few months Hyperliquid captured the lion's share of on-chain trading volume, amassed a multi-billion-dollar fee run-rate and began siphoning volume from the biggest centralized exchanges, all without any venture-capital backing.
Hyperliquid aspires to become the foundational liquidity layer for all finance, akin to AWS for cloud services. Jeff sees regional adoption driven by unstable local currencies and believes volume-based monetization will power sustainable growth.