[CRYPTO]■ STORY TIMELINE

HYPERLIQUID HITS $10B WITHOUT VC, POSTS $900M PROFIT

Jeffrey Yan's crypto exchange Hyperliquid reached a $10 billion valuation while rejecting venture capital and generating over $900 million in profit during 2025 with just 11 employees.

1 SOURCEFIRST SEEN APR 14, 06:20 AM► READ THE ARTICLE

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A profile of Jeffrey Yan and his startup Hyperliquid, a $10B crypto exchange that never took VC money and generated $900M+ in profit in 2025 with 11 employees (Dom Cooke/Colossus)

Dom Cooke / Colossus: A profile of Jeffrey Yan and his startup Hyperliquid, a $10B crypto exchange that never took VC mo…

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