Hyperliquid’s Year of Quiet Success: A $10B+ Revolution in Finance

On November 29th, 2025, Hyperliquid celebrated its first anniversary of a Token Generation Event that witnessed the emergence of a groundbreaking trading venue. In just one year, a team of eleven individuals built what is arguably the most profitable and efficient trading platform ever seen in finance, crypto or otherwise. Their success defies traditional notions of venture capital, pre-mining, and marketing budgets, relying solely on transparent code and an unwavering commitment to aligning incentives with users. The results are remarkable.