How much funding has Hyperliquid raised?

Hyperliquid has raised 0 in total funding. Their latest funding round was Bootstrapped. Key investors include Community-driven, no private investors or venture capital..

Where is Hyperliquid headquartered?

Hyperliquid is headquartered in Singapore. The company has a team of small people.

When was Hyperliquid founded?

Hyperliquid was founded in 2022. It is based in Singapore.

How much funding has Hyperliquid raised?

Hyperliquid has raised 0 in total funding. Key investors include Community-driven, no private investors or venture capital..

Who is the CEO of Hyperliquid?

Jeff Yan is the CEO of Hyperliquid. The company was founded in 2022.

Where is Hyperliquid located?

Hyperliquid is headquartered in Singapore.

What funding stage is Hyperliquid at?

Hyperliquid is currently at the Active stage.

How many employees does Hyperliquid have?

Hyperliquid has approximately small employees.

Hyperliquid

Category: AI in Fintech

HyperLiquid DEX is a decentralized exchange specializing in perpetual contracts, operating on its own Layer 1 blockchain. Hyperliquid was founded in 2022. The company is led by Jeff Yan. Based in Singapore. Team size: small. Total funding raised: 0. Latest round: Bootstrapped. Key investors include Community-driven, no private investors or venture capital..

Founded: 2022
Headquarters: Singapore
Team size: small
Total funding: 0

Value proposition

Offers a fully on-chain order book model for decentralized trading, providing transparency and security.

Products and solutions

Fully on-chain perpetual & spot DEX, custom Hyperliquid L1 (HyperCore/HyperBFT), HyperEVM, HIP-3 permissionless markets (RWAs, commodities, equities, pre-IPO perps), HYPE token with protocol fee buybacks

Unique value

Fully on-chain order book model, unlike most DEXs that use off-chain order books.

Target customer

Cryptocurrency traders and investors looking for decentralized trading solutions.

Industries served

Cryptocurrency, Blockchain, Decentralized Finance (DeFi)

Technology advantage

High-performance Layer 1 blockchain optimized for DeFi applications, capable of handling 200k transactions per second.

How they differentiate

Focus on a fully on-chain order book and high transaction throughput.

Main competitors

dYdX, GMX, Aster, Lighter

Key partnerships

Community-driven with no venture capital involvement, emphasizing grassroots development.

Notable customers

Primarily individual traders and DeFi enthusiasts.

Major milestones

Launch of native token HYPE with a significant community airdrop. Achieved a market cap of $11.5 billion, ranking 19th in the market.

Growth metrics

Perp volume ~$8–11B+/day (DefiLlama ~$8.9B 24h; unified core+HIP-3 often $10B+); ~$2.9T perp volume in 2025; ~$5T+ cumulative; ~$900M–$1.2B annualized protocol revenue; ~11-person team.

Market positioning

Dominant decentralized perpetual exchange (~37–59% of DeFi perp volume/OI); expanding beyond crypto into RWA, commodities, and pre-IPO perps via HIP-3; often compared to CEX-scale venues.

Geographic focus

Global, with a significant presence in the DeFi space.

Patents and IP

Not publicly disclosed.

About Jeff Yan

Jeff Yan (Jeffrey Yan) co-founded Hyperliquid. Physics Olympiad gold medalist; Harvard AB/SM Math & CS; HFT engineer at Hudson River Trading; founded Chameleon Trading, a crypto market-making firm (not a CEX), whose profits funded Hyperliquid. Self-funded, no VC.

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Official website: https://hyperliquid.xyz/