Recently, I found an interesting point made by Jeff Yan from Hyperliquid during an interview.

He said that the team basically won't focus on monitoring competitors—whether those large traditional CEX platforms or the newly emerged DeFi protocols. In their view, rather than spending every day studying what others are doing, it is better to spend time refining their own products.

This attitude is actually quite rare. In the current sector, everyone seems eager to compare competitor data, features, and marketing strategies every day. But Hyperliquid has chosen a different path: focusing on their work and building what they believe is right.

Of course, this may also reflect their confidence in their technological direction and product positioning. However, in this highly competitive market, it is indeed not easy to maintain this level of composure.