TechFlow News, May 29: According to The Block, Hypernova—a proprietary trading platform built on Hyperliquid—has secured $3 million in pre-seed funding. The round was led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, and Pivot Global.
Hypernova states that its platform automates instant payouts to traders via smart contracts and settles trading activity according to on-chain rules. Currently, Hypernova is in closed-alpha testing; since its launch on May 1, it has attracted 250 traders, funded over 20 traders, and disbursed more than $30,000 in total. The company plans to publicly launch the platform within the next two months, with $1 million of the raised funds allocated to a trader payout reserve.
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