Hyperliquid’s Jeff Yan Says Self-Custody, Transparency Are Core to On-Chain Finance
Summary
- Jeff Yan said the real competitive strengths of on-chain finance are self-custody and transparency.
- On-chain finance is built around self-custody, meaning users directly control and safeguard their own funds.
- Blockchain-based finance provides trust and neutrality through transparency, allowing all transactions and asset flows to be verified.
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Jeff Yan, co-founder of Hyperliquid (HYPE), said the core strengths of on-chain finance are self-custody and transparency, not 24-hour trading.
BlockBeats reported on Sept. 30 that Yan made the remarks at Korea Blockchain Week, saying round-the-clock trading is not the fundamental advantage that distinguishes on-chain finance from traditional finance, or TradFi.
Because cryptocurrencies already trade in global markets, they do not need to be bound by the trading hours of traditional financial markets, he said. He added that traditional exchanges have also been steadily extending trading hours, making it difficult to explain the distinctiveness of on-chain markets through 24-hour trading alone.
Yan identified self-custody as the most important advantage of on-chain finance. At its core, he said, users directly control and safeguard their own funds.
He also described transparency as a key competitive strength. In blockchain-based finance, every transaction and asset flow within the system can theoretically be verified. That structure creates trust and neutrality that are difficult to provide in systems controlled by a single institution.
Yan also said the market for private shares could become a major asset class for the wider adoption of 24-hour trading. If a global price-discovery mechanism takes hold, more users would be able to participate in private-share trading without being limited to a specific country or market.
