Hyperliquid broker HyperLink completes US$2.5 million in financing, with participation from Alliance and others

PANews October 4 news, according to official sources, HyperLink, the prime brokerage protocol of decentralized trading platform Hyperliquid, has announced the completion of $2.5 million in financing, with participants including Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl.

HyperLink aims to provide users with low fees, private transaction flow, and optimal execution paths by aggregating trading volume and staking to unlock VIP rates. Data shows that last month the platform routed $254 million in trading volume, accounting for 0.1% of Hyperliquid's total trading volume. The protocol is currently in an invite-only phase and has already captured 1% of Hyperliquid's builder trading volume.