Hypernova, a proprietary trading platform built on the Hyperliquid ecosystem, has secured $3 million in pre-seed funding as the company prepares to expand its on-chain funded trading model and launch publicly in the coming months.
The funding round was led by Lemniscap, with participation from CMS Holdings, Very Early Ventures, Pivot Global, Maximilian Fiege, Huf Haus, Kirby Ong, Noel Tan, Ericonomic, and Velocity. Several investors from the Hyperliquid ecosystem also backed the round, supporting Hypernova’s vision of bringing funded trading fully on-chain.
According to Hypernova co-founder and CEO Anar Bayramov, the round was completed through a SAFE agreement with token warrants.
Announcing our $3m pre-seed led by @Lemniscap.
Hypernova is bringing funded trading on-chain.
Verifiable rules. Instant payouts. Allocation that grows with performance. pic.twitter.com/pCJLV8mujA
— Hypernova (@HypernovaX) May 28, 2026
Key Funding Details
- Total funding raised: $3 million
- Lead investor: Lemniscap
- Funding structure: SAFE with token warrants
- Board representation: Lemniscap received a board observer seat
- Round status: Oversubscribed, according to the company
Founded in 2025, Hypernova is building what it describes as a blockchain-based proprietary trading platform. The company seeks to replicate the funded trading model commonly used by prop firms while using smart contracts to automate account management, trading rules and payouts.
In traditional prop trading, firms provide traders with capital and share a portion of the profits generated. Hypernova’s model moves much of that infrastructure on-chain, aiming to increase transparency around payouts and account performance.
Early Traction During Closed Alpha
Hypernova launched its closed alpha on May 1 and says it has already onboarded hundreds of traders.
Reported platform metrics include:
- More than 250 traders onboarded
- Over $660,000 in funded capital allocated
- More than $60 million in trading volume
- Over $40,000 in trader payouts settled on-chain
The platform currently operates on Hyperliquid and plans to offer funded allocations of up to $200,000 for qualifying traders.
How the Funding Will Be Used
The company said the newly raised capital will be divided between trader support and business expansion.
Planned use of funds:
- $1 million allocated to trader payout reserves
- Product development and infrastructure upgrades
- Security and platform scaling
- Hiring additional engineering and quantitative research talent
- Preparing for a public launch expected within two months
Hypernova currently employs seven people and plans to expand its team as the platform moves beyond closed testing.
Growing Interest in Crypto Prop Trading
The raise comes as investor interest grows in crypto-native proprietary trading businesses and broader on-chain trading infrastructure development.
Several startups have emerged over the past two years seeking to modernize the traditional prop trading model through blockchain infrastructure. The sector gained additional attention after crypto exchange Kraken acquired crypto prop trading platform Breakout, highlighting growing institutional interest in funded trading businesses.
At the same time, decentralized derivatives trading has become one of the fastest-growing segments of the digital asset market. Hyperliquid, the blockchain network on which Hypernova is built, has established itself as a major venue for perpetual futures trading and continues to attract both traders and developers.
Challenges Facing the Sector
Despite growing adoption, crypto prop trading platforms face several operational and market risks:
- Smart contract vulnerabilities and security threats
- Liquidity management during periods of market stress
- Maintaining sustainable payout reserves
- Regulatory uncertainty surrounding leveraged trading products
- Competition from both centralized and decentralized trading platforms
For Hypernova, the next phase will be proving that its model can scale beyond early adopters while maintaining reliable payouts and risk controls. The company’s upcoming public launch is expected to provide a clearer indication of demand for blockchain-based funded trading products and next-generation AI-powered trading platform technology.
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