Svmuu News Hyperliquid founder Jeff Yan and his team recently participated in an in-depth feature interview with Colossos magazine. During the interview, Jeff discussed his career prior to founding Hyperliquid in 2022.
Before founding Hyperliquid, Jeff almost single-handedly operated one of the largest anonymous trading teams in the cryptocurrency industry at the time—Chameleon Trading. "Chameleon" was a nickname he used while gaming during his middle school years.
Starting with $10,000 in savings, Jeff achieved annual growth of several thousand percent over two and a half years. By the age of 27, he had already attained financial freedom.
By 2022, the Chameleon Trading team had expanded to six members. However, Jeff felt at the time that the crypto industry had made little substantive progress beyond Bitcoin and Ethereum. The market's two largest exchanges (Binance and Coinbase) remained centralized, and the original vision Satoshi Nakamoto had for Bitcoin was being buried by the industry.
Therefore, influenced by this sense of industry unease and the FTX collapse, Jeff shut down Chameleon Trading and began building the decentralized exchange Hyperliquid.
For more details, please refer to Jeff Yan's "Hyper Life"