Hypernova Raises $3M to Build Trustless On-Chain Prop Trading on Hyperliquid

Hypernova, a startup building proprietary trading infrastructure on-chain, announced the close of a $3 million pre-seed funding round to develop what it calls a trustless prop trading platform on Hyperliquid.

The platform will use smart contracts to automate evaluation rules, account monitoring, and payout distributions. Hypernova says traders can access up to $200,000 in funded accounts with rules enforced transparently on-chain rather than through proprietary back-office systems.

The funding comes at a time when crypto-native prop firms are proliferating but remain operationally fragmented. Most crypto prop operators rely on a mix of exchange APIs, manual payout workflows, and custom risk engines. Hypernova's pitch is that on-chain automation can reduce counterparty risk, eliminate payout delays, and make rule enforcement verifiable by anyone.

Hyperliquid has emerged as one of the most active decentralized perpetuals exchanges, with deep liquidity and growing retail participation. Building a prop trading layer on top of that infrastructure gives Hypernova access to an existing trader base and settlement layer.

The round underscores a broader trend: crypto prop trading is moving from simple evaluation products toward infrastructure plays that leverage blockchain-native transparency. Whether smart-contract-based rule enforcement can match the flexibility of traditional prop firm operations remains to be tested in live trading conditions.