Hyperliquid Labs’ Jeff Yan Urges US Oversight of Market Operators
Hyperliquid Labs founder Jeff Yan says US regulation should focus on firms operating markets, while the blockchain serves as shared trading infrastructure.
Decentralized Finance, or DeFi, refers to a financial system built on blockchain technology that operates without traditional intermediaries like banks or brokers. DeFi platforms use smart contracts to offer services such as lending, borrowing, trading, and yield generation. These systems are typically open-source and accessible to anyone with a crypto wallet. While DeFi enables greater financial inclusion and innovation, it also carries risks related to smart contract vulnerabilities and market volatility. DeFi has become one of the most influential sectors in the crypto industry.
Hyperliquid Labs founder Jeff Yan says US regulation should focus on firms operating markets, while the blockchain serves as shared trading infrastructure.
StandX will close remaining positions on January 15 and end withdrawals on January 31, 2027, replacing its token plans with a one-time DUSD airdrop.
Robinhood Chain has surpassed $100 billion in tracked DEX turnover since its July 1 launch, with September contributing about $56 billion.
PancakeSwap’s The Flip proposal would raise liquidity providers’ fee share to 88% and reduce daily CAKE issuance to 7,000, subject to a governance vote.
Trail of Bits, which has audited Uniswap, Aave and Worldcoin, already works with OpenAI to validate and patch flaws in open-source software.
Starknet’s Shadow Accounts hide the link to a user’s main wallet while leaving DeFi activity public. The first app integration is planned for October 14.
Bybit plans to launch share-backed mStocks with Mantle in November, adding 24/7 tokenized equity trading and planned DeFi uses alongside its separate stock service.
Aptos’s opt-in encrypted mempool hides transaction contents before ordering, with Petra support live and Decibel planning private perpetual orders.
WeFi Co-Founder Maksym Sakharov believes tokenization's real potential lies not in putting assets on a blockchain, but in transforming how financial systems work together.
Castle Labs puts Hyperliquid’s lifetime revenue at about $1.4 billion, with over $1.26 billion spent on HYPE buybacks and a leading share of onchain perps.