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Hyperliquid founder Jeff Yan: started with $10k at age 27 to achieve financial freedom, then later founded a decentralized exchange

Project Progress

2026-04-14 06:02:56

BTC-1.62%

ETH-3.14%

Gate News, April 14—Hyperliquid founder Jeff Yan and members of his team recently received a feature interview from Colossos magazine. In the interview, Jeff mentioned his career before founding Hyperliquid in 2022. Before starting Hyperliquid, Jeff almost single-handedly ran one of the largest anonymous trading teams in the crypto industry at the time: Chameleon Trading. "Chameleon" was the nickname he used when playing games during his middle school years. Jeff started with his $10k in savings, and over the course of two and a half years he achieved year-over-year growth of thousands of percentage points. At age 27, he had already achieved financial freedom. In 2022, the Chameleon Trading team had expanded to six people. But at that time, Jeff believed the crypto industry had almost made no meaningful progress after Bitcoin and Ethereum; the market’s two largest exchanges were still centralized. The vision Nakamoto originally conceived for Bitcoin was being buried by this industry. Therefore, driven by this industry-wide unease and the fallout from the FTX collapse, Jeff shut down Chameleon Trading and set out to build the decentralized exchange Hyperliquid.

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