ME News report, May 29 (UTC+8): Hypernova, a proprietary trading platform built on Hyperliquid, has completed a $3 million pre-seed funding round led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. Several angel investors from the Hyperliquid ecosystem also took part in this round. The platform uses smart contracts to automate trader payouts, aiming to address issues in traditional prop trading firms such as opaque payment processes and profitable traders becoming a liability to the company. Hypernova dynamically determines whether to route positions to the market based on trader performance. The platform is currently in closed alpha and plans to launch publicly within the next two months. (Source: ChainCatcher)
Hypernova, a self-trading platform on Hyperliquid, secures $3M in pre-seed funding.
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Summary
Hypernova, a self-trading platform on Hyperliquid, has raised $3 million in funding, led by Lemniscap with participation from Very Early Ventures, CMS Holdings, and Pivot Global. The on-chain announcement highlights its smart contract-driven payment automation and current closed alpha phase, with a public launch expected in two months.
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