TheBlock
Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week 2026 that 24-hour trading is not onchain finance’s defining advantage. He pointed instead to self-custody and transparency, arguing that users’ control of funds matters most when counterparties, intermediaries or custodians face problems.
Why it matters
Yan said traditional exchanges are extending their sessions, narrowing the distinction between onchain venues and conventional markets based on trading hours alone. Onchain systems, he argued, offer users custody of their assets and visibility into how a system operates, rather than relying on a single private organization.
He also stressed that continuous trading still has a role when assets lack a public price outside traditional exchange hours. Commodities, equities and pre-IPO names have traded on Hyperliquid while reference markets were closed, illustrating demand for markets that operate beyond established sessions.
Market impact
Yan identified private markets as a potential opportunity for round-the-clock onchain trading. He said some private-market exposure is already available on Hyperliquid and argued that onchain markets could support earlier, global price discovery for assets whose access is currently restricted.
The remarks frame Hyperliquid’s opportunity around more than extended trading hours: self-custody, transparency and access to markets that do not yet have continuous public prices. Yan described private markets as a promising area, while noting that continuous hours remain useful for assets tied to closed reference markets.
Frequently asked questions
-
What does Jeff Yan see as onchain finance’s main advantage?
Yan pointed to users retaining custody of their funds and the transparency of onchain systems, rather than around-the-clock trading.
-
Why does Yan say self-custody matters?
He said user control of funds can matter when counterparties, intermediaries or custodians face problems.
-
Why does continuous trading still matter for some assets?
Yan said it can provide trading when traditional exchanges are closed and assets lack a public reference price.
-
Which assets did Yan cite as trading on Hyperliquid outside reference-market hours?
He cited commodities, equities and pre-IPO names.
-
Why does Yan see private markets as an opportunity for onchain trading?
He said global onchain markets could enable price discovery for private assets and broaden access beyond markets that are currently gate-kept.
Lookonchain
WuBlockchain
Crypto Rank News
CoinTelegraph
Whale Alert