HyperLink secures $2.5M funding to operate as a prime broker for Hyperliquid, handling $254M in volume last month.
DeFi & Yields ·
HyperLink has secured $2.5M in funding to establish itself as a prime broker serving the Hyperliquid ecosystem. The platform routed $254M in trading volume during the prior month, indicating early traction in aggregating and managing client positions on the on-chain derivatives venue.
HyperLink operates within Hyperliquid's infrastructure—a fully on-chain perpetual futures exchange running on its own high-speed Layer 1. As a prime broker intermediary, HyperLink sits between retail and institutional traders and the exchange, handling custody, risk management, and order routing. The capital raise enables the firm to expand operational capacity and deepen liquidity provision on the platform.
Key questions remain unresolved: the identity of investors backing the round, the timing of the funding close, and whether HyperLink plans to offer additional services such as lending or settlement beyond basic brokerage. The sustainability of the monthly volume run rate and competitive positioning against other brokers on Hyperliquid also remain to be seen.