Hyperliquid co-founder: 24-hour trading is not the true advantage of on-chain finance; self-custody and transparency are the core.

BlockBeats news, September 30: Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week that 24-hour uninterrupted trading is not the real advantage that distinguishes on-chain finance from traditional trading platforms. Crypto assets themselves are global in nature and do not need to follow traditional market trading hours, while traditional exchanges are also extending their trading hours.

Yan believes that the most important advantage of on-chain finance is that users can retain control and custody of their own funds. At critical moments when counterparties, intermediaries, or custodians encounter problems, self-custody can reduce common single points of failure. Another core advantage of on-chain systems is transparency: users can in theory understand everything happening within the system, which provides the trust and neutrality that systems controlled by a single private institution cannot offer.

He also said that 24-hour trading still has value for assets that lack public prices after traditional markets close, including commodities, stocks, and Pre-IPO assets. Yan believes that private markets may be the next major category of assets to achieve around-the-clock trading, and that a globalized price discovery mechanism is expected to allow more users to participate in related markets earlier, rather than being limited to a single jurisdiction.