Hyperliquid Founder Jeff Yan Says Quick-Profit Culture Hinders Web3 Builders

• Jeff Yan said negative perceptions deter skilled talent from entering crypto.

• He warned many Web3 projects prioritize quick gains over sustainable, long-term development.

• Hyperliquid aims to attract builders by focusing on consistent, belief-driven innovation.

Jeff Yan, founder of Hyperliquid, noted a disconnect in the crypto industry between vision and builders during a recent interview on the When Shift Happens channel. Yan said many talented individuals avoid crypto due to negative perceptions, leaving Web3 dominated by participants focused on short-term gains rather than long-term development.

Talent Gap in Web3

According to Jeff Yan, a general mismatch exists between what could be built in crypto and those attempting to build it. He said talented graduates and skilled individuals often avoid the industry due to its poor reputation.

As a result, many projects attract participants primarily seeking quick profits instead of sustainable product development. Yan emphasized that this culture obscures the true potential of Web3.

He stated that many projects fail to inspire serious builders because they focus on trends or meta-driven gains. Instead, he suggested that projects should encourage long-term thinking and attract skilled contributors through example and consistent development practices.

Hyperliquid Leading Through Example

Yan explained that Hyperliquid follows a strategy of building projects grounded in belief rather than trends. He said the approach helps attract builders genuinely interested in creating sustainable solutions.

By staying focused and demonstrating commitment, Hyperliquid aims to show the broader community the value of deliberate, methodical development in crypto. He added that, in permissionless networks, opportunistic behavior will always exist.

Some participants attempt to extract value for personal gain rather than contributing to the ecosystem. However, Yan noted the community culture largely remains positive and productive. Continued commitment to this approach could encourage more serious builders to enter Web3.

Building Culture and Community

Yan also noted the importance of collective effort in shaping the ecosystem. He said the community works by supporting meaningful projects rather than chasing the latest market trends. According to Yan, leading through consistent action and grounded development sets an example for potential contributors. By prioritizing substance over hype, projects can gradually redefine participation and strengthen Web3’s foundation.