Compared to other crypto projects and platforms, Hyperliquid is taking a different path. Instead of focusing on what others are doing, the platform’s founder, Jeff Yan, says the team is putting all its energy into building something new.

According to Yan, Hyperliquid isn’t trying to steal market share from centralized exchanges or other DeFi platforms.

Building, Not Competing

In an interview with TBPN, Jeff Yan explained that his team rarely looks at competitors. They are creating a system that can stand the test of time. He said a combination of community power and technology is far more effective than marketing or hype.

Hyperliquid has a small team of around ten people and no marketing department. Instead of relying on ads or celebrity partnerships, they encourage users to spread the word. Yan said their community is strong and loyal. He also said they are active participants in the project’s growth. All this is proof that beneficial tech attracts its supporters.

A New Kind of Financial Infrastructure

Hyperliquid began as a decentralized exchange but is developing into something more worthwhile. The team is developing its own Ethereum-compatible chain, named HyperEVM. It’s designed to support lending, borrowing, and other DeFi products. The team is developing a transparent and secure financial product that operates on-chain.

Yan has also clarified that Hyperliquid will never compete with a project that uses its platform. Rather, it is to assist developers and enable the ecosystem to evolve on its terms. He believes this open-source mindset is how true innovation happens.

Staying Transparent

One of Hyperliquid’s strongest principles is independence. The project has not taken money from venture capital firms. Yan believes that letting VCs hold large portions of tokens can harm a network’s neutrality. By staying self-funded, Hyperliquid keeps control in the hands of its users and developers.

In contrast to most centralized exchanges, Hyperliquid is fully on-chain, which allows anyone to confirm transactions. Yan criticized closed deals, stating that real decentralization should be transparent and verifiable.

Conclusion

Hyperliquid is not competing with any project at its core; it is only moving towards an improved future. They are proof that technology, transparency, and community can lead to great success. Projects can succeed without relying on hype and competition. Hyperliquid is instead demonstrating that being a leader means being a builder.

Disclaimer

The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

The post Hyperliquid Focuses on Building Future, Not Beating Competitors appeared first on Altcoin Buzz.

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