Hyperliquid Policy Center's Jake Chervinsky clarifies misconceptions at TOKEN2049

Hyperliquid: Hyperliquid is a purpose-built layer-1 blockchain that combines an on-chain order book in HyperCore with an EVM-compatible smart contract layer in HyperEVM to enable trading applications. It positions itself as foundational infrastructure for on-chain markets rather than a customer-facing platform. In the news, Hyperliquid Policy Center representative Jake Chervinsky clarified at TOKEN2049 that it serves as open technology anyone can build products on, distinct from operating its own exchange. Jake Chervinsky: Jake Chervinsky is the CEO and founder of the Hyperliquid Policy Center, an advocacy organization focused on advancing clear regulatory frameworks for decentralized finance and onchain markets in the United States. He previously held policy and legal leadership roles at Variant and the Blockchain Association. In the news, he spoke at TOKEN2049 to correct misconceptions about Hyperliquid, emphasizing its role as underlying infrastructure in the technology stack. Policy Advocacy: The Hyperliquid Policy Center works to support regulatory clarity for onchain markets to integrate into traditional financial systems. Infrastructure Positioning: Hyperliquid is described as base-layer technology that other exchanges and platforms can adopt, comparable to major public blockchains, rather than a direct market competitor.