HyperLink Secures $2.5 Million Funding for Hyperliquid DEX
Written with artificial intelligence.
HyperLink, the main brokerage protocol for the decentralized trading platform Hyperliquid, has successfully raised $2.5 million in funding. Investors include Alliance, North Island Ventures, and others, with a focus on providing low fees and privacy in trading.
HyperLink Funding Announcement
On October 4, it was announced that HyperLink, the main brokerage protocol for the decentralized trading platform Hyperliquid, has completed a funding round of $2.5 million. This round saw participation from several investors including Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl.
Objectives of HyperLink
HyperLink aims to enhance user experience by aggregating trading volume and offering VIP rates through staking. The protocol promotes low trading fees, privacy in transactions, and optimal execution paths for trades.
Trading Volume Insights
Data indicates that last month, the routing trading volume on Hyperliquid reached $254 million, accounting for 0.1% of the platform's total trading volume. Currently, HyperLink is in an invitation-only phase and has captured 1% of the trading volume from Hyperliquid builders.