Hyperliquid Founder Jeff Yan: Started with $10,000 at age 27 to achieve financial freedom, later founded a decentralized exchange



Summary
In an interview, Hyperliquid founder Jeff Yan looks back on his experiences before founding Hyperliquid.
He previously ran a large anonymous trading team, Chameleon Trading, using $10,000 to achieve significant growth.
Due to dissatisfaction with the state of the crypto industry and the FTX incident, Jeff decided to shut down Chameleon Trading and focus on building the decentralized exchange Hyperliquid.

Gate News reports that on April 14, Hyperliquid founder Jeff Yan and members of his team recently gave a special feature interview to Colossos magazine.
In the interview, Jeff mentioned his career before founding Hyperliquid in 2022.
Before starting Hyperliquid, Jeff almost single-handedly managed one of the largest anonymous trading teams in the crypto industry at the time. “Chameleon” was the nickname he used while playing games during his school days.
Jeff started with savings of $10,000 and achieved thousands of percentage points in annual growth over two and a half years—by the time he was 27, he had already achieved financial freedom.
In 2022, the Chameleon Trading team had expanded to 6 people.
However, at the time, Jeff believed the crypto industry had made virtually no substantive progress after Bitcoin and Ethereum; the two largest exchanges in the market were still centralized.
The vision that Satoshi Nakamoto originally had for Bitcoin was being buried by this industry.
Therefore, amid this industry unease and the impact of the FTX collapse, Jeff ended Chameleon Trading and set out to build the decentralized exchange Hyperliquid.

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