Hyperliquid Labs leads core development of the Hyperliquid blockchain. It was founded by Harvard classmates Jeff Yan and iliensinc. Yan previously worked at Hudson River Trading and ran the crypto trading firm Chameleon Trading.

Labs builds HyperBFT consensus, the HyperCore order-book engine and HyperEVM, along with upgrades such as HIP-3 builder-deployed perps. It is entirely self-funded and has not taken outside capital. Reports put the team at about 11 people. The official @HyperliquidX account represents the protocol.