Decentralized cryptocurrency exchange Hyperliquid, focused on order book-based leveraged contracts, has achieved impressive financial results, generating over $1.13 billion in revenue with just 11 employees.
Impressive Revenue with a Compact Team
Hyperliquid has reached an annualized revenue of $1.13 billion, averaging approximately $102 million per employee. This data was provided by Chinese journalist Wu Blockchain. The high revenue per person indicates remarkable operational efficiency, as the 11-member team has managed such scales without disclosing specific revenue sources.
Jeff Yan's Management Approach
During the podcast, Hyperliquid's founder, Jeff Yan, emphasized the importance of a careful hiring process, noting that hiring the wrong person can be more problematic than not hiring at all. This approach helps maintain high quality and cohesion within the team. Yan also highlighted the significance of his involvement in technical aspects, overseeing the overall architecture and performance.
Role Balance within the Team
According to Yan, the Hyperliquid team is evenly split between engineering and non-engineering roles. This balance helps maintain high productivity while enhancing clarity and accountability in decision-making. Yan also emphasized that task distribution maximizes individual ownership and accountability, contributing to overall effectiveness and quality.
Thus, Hyperliquid's success with a small team serves as an example of how high performance can be achieved through effective management, clear role distribution, and high-quality standards.
