At TOKEN2049 Singapore on October 14, 2025, Hyperliquid founder Jeff rejected the notion of a "DeFi conglomerate," advocating instead for decentralized finance to operate like open Lego bricks. He stressed that DeFi should focus on creating open, composable financial modules rather than centralized, closed systems. Jeff highlighted that Hyperliquid is committed to this vision, aiming to return to DeFi's foundational principles to shape the future of finance.