Chinese boss leads a team of 11 to create a $1.13 billion myth

Hyperliquid generated $1.13 billion in revenue in a year, but the team only has 11 people. In other words, the per capita output is about $102 million, while an Apple employee only earns $2.4 million a year. They are 100 times more productive! Tether, OnlyFans, and Nvidia are just small fries. They are still a decentralized exchange, relying on automated trading matching and transaction fees to start, with a bunch of brothers optimizing technology, not needing to call HR or clock in and out; the CEO is the team leader and also codes, not even hiring VCs (venture capital), sustaining themselves. I've heard that in July, they captured 37% of the blockchain revenue market share, making the entire DeFi world practically a case of one person eating enough for the whole family. How should I put it? Their focus is on the fee model: the more users there are, the more frequent the transactions, they are like ATMs constantly swallowing coins and spitting out cash, capable of consuming over a billion dollars a year.

They aren't just burning money to subsidize users, but rather relying on "technology + experience" to retain people. Just like others shout at a street stall, they directly built a shopping center and even played the cashier role themselves.

Moreover, they stick to not involving VCs, while others are still discussing strategies on PPTs, they've already launched their product and are harvesting (oh no, I mean collecting transaction fees).

Additionally, their "product optimization" claims that the matching engine is incredibly fast, with fees lower than traditional trading, and the user experience is as smooth as upgrading to an iPhone.

So, naturally, the funds flowed in, swallowing 37% of the market share in July, directly turning into the cannibals of the DeFi circle; whoever gets close loses a piece of meat. In short, their strategy boils down to three points: a small team with minimal operations, crushing through technical efficiency; maximizing user experience to profit from transaction fees; and steering completely on their own without VC interference. How could these 11 people take down big companies? They truly turned DeFi into a money-printing machine, after all. #暴富神话 #小白必看