Unlike many startups, Hyperliquid intentionally chose to reject venture capital funding. The team prefers to delay development rather than compromise the reliability and neutrality of the protocol.
Jeff emphasizes that it is only by not using capital in the first place that projects can achieve the level of trust and neutrality found in networks like Bitcoin. Learn more about Hyperliquid
Prioritize trust over speed
Hyperliquid’s approach reflects a growing discussion in the blockchain industry. Many projects rely on venture capital to accelerate growth, but Jeff argues that early capital involvement can introduce bias and influence that undermines neutrality. By rejecting outside funding, Hyperliquid ensures that all decisions are made based on the interests of the community, not investors. This slow pace allows the team to carefully design the system, test functionality, and maintain a level of transparency that fosters long-term trust.
A real-world example can be seen in Bitcoin itself. Launched without venture backing, Bitcoin has maintained a high degree of neutrality and decentralized governance for over a decade. Bitcoin remains the most widely held and traded cryptocurrency worldwide, according to data from CoinMarketCap. Used by over 250 million wallets worldwide. Hyperliquid aims to replicate this model and create a financial network where trust comes from the protocol itself rather than from external capital or stakeholders.
Hyperliquid founder talks about biggest challenges in project development
Hyperliquid founder Jeff said in an interview with TBPN on October 22 that the biggest challenge in project development was the ideals of decentralization… pic.twitter.com/w7cOI5W0zf
— Wu Blockchain (@WuBlockchain) November 9, 2025
Hyperliquid’s decision is in line with broader trends in the cryptocurrency space that emphasize decentralization and autonomy. Projects like Monero and Ethereum also emphasize community-driven growth. They rely on open source contributions rather than early venture capital intervention. Data from Electric Capital’s Developer Report shows that fully open source projects with decentralized governance attract more sustained developer engagement over time. Supports long-term network health and security.
Learn more about Hyperliquid
In direct response to community demand, Hyperliquid has announced a new feature that allows users to trade $ICP with leverage. Traders can now take long or short positions in $ICP with up to 5x leverage. This means you can amplify your potential profits or losses by 5 times your initial investment.
Now available long or short by community request $ICP Up to 5x leverage. pic.twitter.com/JqrsQF9EFZ
— Hyperliquid (@HyperliquidX) November 8, 2025
The move reflects HyperLiquid’s focus on providing flexible trading options and responding to user feedback, while also highlighting the growing interest in leveraged trading within the crypto community. By offering this feature, the platform aims to attract more active traders who seek advanced strategies and increase their exposure to digital assets like $ICP.
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