HyperLink 

What is the HyperLink protocol?

HyperLink is a prime broker for Hyperliquid, the decentralized perpetuals exchange. Traders route orders through a shared smart contract executed inside a TEE (trusted execution environment), keeping balances, positions and order details confidential while orders fill against Hyperliquid's full order-book liquidity. The model pools all users' volume into one fee tier and shows the market only HyperLink as counterparty. Target users: market makers, prop desks, algo traders and AI agents. HyperLink is New York-based and part of the Alliance accelerator portfolio.

How does HyperLink keep trading on Hyperliquid private?

HyperLink keeps trading private by executing orders inside a TEE - a secure enclave where balances, positions and order details stay hidden from the market. Orders then route into Hyperliquid's order book, and the market sees only HyperLink as counterparty. Routing adds roughly 10 milliseconds of latency from client to fill. The model is non-custodial: funds sit in a smart contract with on-chain withdrawals. HyperLink's API mirrors Hyperliquid's order structures and EIP-712 signing. Listed audits include Trail of Bits, Zenith, Sherlock, Obsidian, Octane and V12.

Does HyperLink have a token?

No. The HyperLink project token is pre-TGE: no ticker, no maximum or total supply, and no on-chain contract has been published. A token appearing under the HyperLink name would signal a new TGE event. The only live asset associated with the project is hlHYPE, a liquid staking token for HYPE - a product of HyperLink, not its governance token.

No TGE date, allocation table or unlock schedule has been published, so inflation and unlock-sell-pressure risk cannot be assessed; any claimed TGE date is unconfirmed unless from the project itself.

Is the HyperLink token trading yet?

No - the HyperLink project token has no markets: zero spot, derivative or DEX listings, and no confirmed OTC or pre-market venue. Until a TGE and listings occur, no market for the token exists at all. The only tradable exposure tied to the project is hlHYPE, which trades on HyperEVM DEX venues as a separate asset.

Who are the HyperLink investors and how much did the round raise?

HyperLink raised $2.5M in a single funding round on October 4, 2026, per DropsTab fundraising data. Investors include North Island Ventures, Reverie, Breed, Node.Capital, and angel investor smartestmoney. No investor was flagged as lead in the round. The round was verified against the project's own funding announcement.

What does HyperLink's funding round signal about project maturity?

The round signals early-stage accelerator-level backing rather than institutional-scale capital. Alliance portfolio membership is confirmed by a direct portfolio listing from the accelerator, tying HyperLink to a Hyperliquid-ecosystem investor network. DropsTab shows a $25M pre-money valuation computed automatically and not confirmed by the founders - treat it as an estimate, not a disclosed figure. Insider token allocation remains undisclosed.

How much trading volume has HyperLink routed?

Per the project's own announcement at its October 2026 funding round, HyperLink routed $254M in trading volume in the prior month. That volume represented roughly 0.1% of Hyperliquid's total volume. The figure refers to the broker protocol, not to any token, and predates any TGE.

Is there a HyperLink airdrop?

No confirmed HyperLink token airdrop or TGE date exists; any site or account claiming one is not an official source. Two incentive mechanisms are documented. A referral program pays fee cashback and commissions from referred traders. Under a standing policy, any points or airdrops the HyperLink protocol receives from Hyperliquid or others will be redistributed to users pro rata based on trading volume, with each distribution announced separately.

How does hlHYPE relate to HyperLink?

hlHYPE is HyperLink's liquid staking token for HYPE on HyperEVM. Users stake HYPE and receive hlHYPE, which appreciates as validator staking rewards accrue. hlHYPE is a product of HyperLink, not the project's governance token. The project token itself does not yet exist on-chain, so hlHYPE remains the only tradable asset associated with the HyperLink name.

What risks does HyperLink carry?

HyperLink carries concentration risk: execution, liquidity and the fee structure of the broker all depend on Hyperliquid. Any change to Hyperliquid's fee schedule, liquidity depth or incentive programs directly affects HyperLink's value proposition. The pre-TGE project token has no market, and insider allocation is undisclosed, so dilution risk cannot be quantified.