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Jeff Yan: 10 Billion Hyperliquid Airdrop Created Massive Wealth
On Feb 19, Hyperliquid founder Jeff Yan discussed the community's $1 billion airdrop turning into $10 billion on the When Shift Happens podcast. He noted that early participants sharing upside and gaining network ownership is unique to crypto. He compared: "If you're very early to using ChatGPT, OpenAI is not going to make you rich.
But in crypto, simply by being early and providing a valuable service, you can become a meaningful owner of the network." He admitted the airdrop's wealth effect was unexpected, noting he avoids quantitative targets to focus on "doing the right thing." Yan is glad Hyperliquid serves as a successful free market example refuting critics.
English
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Hyperliquid Annual Report 2025
Today, we're excited to release Hyperliquid's 2025 Annual Report.
What Hyperliquid, the core team, and hundreds of contributors have built this year is largely unprecedented in financial history. This report is our attempt to capture that extraordinary year with the rigor it deserves.
A few months ago, we created HRC because we felt a clear need to reduce information asymmetry and lower entry barriers for new participants through independent research. We hope this report helps do exactly that.
For us, it is a privilege to be part of this ecosystem and to have produced this work. Months of research, data work, debate, and collaboration across Four Pillars, GLC, and all our contributors went into every page. It means a lot to share it today, so please, let us know what you think and how we can improve the reporting going forward.
Enjoy the read. Some excerpts below, with the link to the full PDF.
Hyperliquid.


English

だからと言って誰かがなんとか出来た問題でも無いからなぁ。
miin l 本体@DropMiin
「ミームコインの流行の代償は、クリプトの社会的信頼の喪失だった」 日本だけがこの状況じゃないんだな、と。
日本語

補助金出るよな〜
で、その後金余りインフレバブルが来ると。それまでに日本が存続してたらですが。
しかし破綻したら皆終わりなので円は塵になる。つまりいずれにせよ株買えば良いんじゃね。
問題は底が何処か分からない事。決め打ちからのめちゃくちゃ広く幅取ってナンピンしか無い。
ねこひめ@nekohimereal
ホルムズ海峡の影響があと3ヶ月続くとなると、もはや近距離配送・個人飲食店が干上がってしまう。だからお気に入りの居酒屋や食堂がある人なんかは、今いつもより多めに通ったほうがいい。本当に閉店ラッシュが来る
日本語
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