ByCoinGape
Hyperliquid:- Hyperliquid, the decentralised derivatives exchange, has continued to make headlines for its lean 11-member team, which despite its size, powers a business generating over $1 billion in annual revenue.
However, in a rare development, sources confirmed to Block of Fame that the exchange is now expanding its footprint. Reflecting this shift, Hyperliquid has begun building a larger team out of Singapore, as evidenced by its recent hiring posts.
Hyperliquid CEO Jeff Yang has always maintained the higher standards for company’s hiring process. His DEX is often seen making headlines in the media for turning out “web3’s low-headcount, high-throughput crypto company.” For instance, a recent Bloomberg report called it the “little-known crypto powerhouse”
Now, in a rare hiring drive, a post from Hyperliquid Labs – two days back – revealed that the DEX is now seeking multiple engineers for its Singapore outfit.
The post highlights two backend roles (with Rust expertise preferred) and one frontend engineer, joining a compact team of 11 that the company says is already building high-performance rails for on-chain finance.
During the 10/10 crypto market crash, Hyperliquid processed over $10 billion of the $19 billion in liquidations while Binance suffered outages and refunded users. While a Hyperliquid whale linked to CEO faced charges of “insider trading”, the DEX maintained 100% uptime, proving its resilience during extreme volatility.
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Thus, the Singapore expansion is likely designed to fortify core product development – latency-sensitive matching engines, risk systems and wallet integrations — and to support ongoing uptime and security work that saw the exchange survived during the October crash.
Keeping both the opened position on-site in Singapore, CEO Jeff is keeping engineering close to market-critical operations. The region already boasts of strong developer talent pools despite strict regulatory compliance requirements from MAS.
In a recent media interview, Jeff emphasized the importance of maintaining strict hiring standards, as “hiring the wrong person is worse than not hiring at all.”
As the founder, Jeff revealed that he sets high expectations for team members, assigning tasks in a way that enhances individual accountability and maximizes ownership and initiative. At the same time, he remains deeply involved in the technical work to maintain oversight of the overall architecture and performance.
However, he also said that “There is lot of we do well but there is also a lot we we could do better. We are always trying to hire a very best people, so it’s not like we want to necessarily stay small always, but we we are very picky about who we work with. I have always believed or I quickly learnt early on that “hiring the wrong person is much worse than not hiring at all.”
Also Read: Who’s Really Winning on-chain
Hyperliquid has 11 employees.
each earning ~$9.27 million/year. pic.twitter.com/Jf9YEtfxCh
— Param (@Param_eth) September 14, 2025
“I think it’s very important because everything interacts. It’s really is like one Blockchain – just one piece of node software that secures the whole thing, and if that thing gets unruly or fan and different people are kind of working on it with different perspective and kind of clashing, I think that’s very dangerous because the correction are so important.”
The expansion comes as Hyperliquid’s on-chain business reported eye-catching revenue metrics this year. Hyperliquid’s annualized revenue is near the $1 billion mark with unusual revenue-per-employee ratios that underscore how a small team has driven substantial on-chain throughput.
While the CZ-backed Aster briefly overtook Hyperliquid in late September in terms of daily revenue, Hyperliquid has reclaimed its lead. As of writing, the exchange ranks 1 by revenue, earning roughly $2.7 million in fees and over $2 million in protocol revenue in the past 24 hours.
Its DEX trading volume is around $288 million during the same period. In terms of market cap, Hyperliquid also sits at the top position, ahead of major players like Uniswap, PumpFun, and Jupiter.
Hyperliquid’s treasury strategy —Hyperliquid Strategies — the project’s corporate vehicle is also looking to raise up to $1 billion in an equity offering. It has filed registration paperwork with the U.S. SEC – with the proceeds estimated to be used for general corporate purposes, including strategic accumulation of the HYPE token and broader ecosystem investments.
For now, Hyperliquid’s Singapore hiring spree may sound modest in absolute headcount but remains significant relative to its lean structure. It clearly signals that the company is doubling down on engineering depth amid rising competition from Perps DEXs such as Aster, Lighter.
Also Read: CZ’s Bid to Build a Prediction Market Oracle
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