On September 30, according to The Block, Hyperliquid co-founder Jeff Yan stated during the Korea Blockchain Week that 24/7 trading is not the key differentiator of on-chain venues compared to traditional exchanges. He believes the lasting advantages of on-chain systems lie in self-custody and transparency: users retain control over their own funds, which is particularly crucial when issues arise with counterparties, intermediaries, or custodians. Transparency allows users to theoretically understand everything about the system, a level of trust and neutrality that centralized institutions struggle to provide. He also mentioned that continuous trading still holds value for assets (such as commodities, stocks, and pre-IPO targets) that lack public pricing during traditional exchange closures; he believes the private equity market presents the next significant opportunity for 24/7 trading.