Hyperliquid Labs co-founder and CEO Jeff Yan said Hyperliquid aims to cover all of finance, with perpetual futures now spanning Nvidia and crude oil. New market deployers must stake 500,000 HYPE tokens and compete for listing slots in auctions held roughly every 31 hours. Yan said most large traders currently active on Hyperliquid are institutions. U.S.-based traders remain barred under the platform's terms of service. Yan said regulatory clarity from the CFTC must catch up with the technology's transparency before legal U.S. access becomes possible.