Highlight clip: Jeff Yan: Hyperliquid Is More Like the Internet or Linux Than a Standard Exchange Jeff Yan: Hyperliquid Is More Like the Internet or Linux Than a Exchange Hyperliquid Labs, company founder Jeff Yan, said at DAS Asia 2026 on October 7 that Hyperliquid should not simply be considered a competitor to any particular exchanges. He noted that Hyperliquid was initially compared to DeFi protocols, then major crypto exchanges, and now also traditional giants like CME and Nasdaq, but none of them are a perfect comparison. Jan argued that Hyperliquid is more like the Internet or Linux, providing a neutral public infrastructure rather than building multiple systems that serve the same purpose. He stressed that the hipdlick community is not trying to replace existing platforms, but hopes to empower them with technology that helps them better serve their users. link