Hyperliquid’s Remarkable Revenue Achievement
Hyperliquid, a decentralized cryptocurrency exchange focused on order book-based leveraged perpetual contracts, has been reported to generate approximately $1.13 billion in annualized revenue with a team of just 11 people. According to Chinese blockchain journalist Wu Blockchain, this equates to roughly $102 million in revenue per employee, representing the highest per capita income globally. The founder of the project, Jeff Yan, shared insights into the team’s structure and management approach during a podcast appearance, providing a clear framework for understanding how high revenue levels are achieved with a small team.
Impressive Revenue and a Compact Team
The information provided by Yan highlights the efficiency of an 11-member team generating $1.13 billion in annualized revenue. This translates to an average of $102 million per person, indicating the highest per capita income reported worldwide. While Yan did not disclose details of the revenue streams, the sheer scale reflects operational efficiency and a focused distribution of tasks.
According to the founder, the team is evenly divided between engineering and non-engineering roles. This balanced approach between critical product development and operational and support functions aims to maintain high output with a small team while enhancing clarity and accountability in decision-making processes.
Jeff’s Management Approach as an Exemplary Model
During the podcast, Yan emphasized that they consciously set a high bar for recruitment. He believes that hiring the wrong person is worse than not hiring at all. This approach is fundamental in maintaining cohesion and quality standards within a small and high-impact team. He noted the team’s strengths and expressed openness to further development.
As a founder, Yan highlighted his high expectations, emphasizing the distribution of tasks in a manner that maximizes individual accountability and ownership. He also stays involved in the technical work, providing direct oversight of the overall architecture and performance. This choice is seen as critical for speed and holistic quality control, fostering a work culture aligned with revenue efficiency.
