Hypernova, an on-chain proprietary trading platform built on Hyperliquid, announced on May 28 that it has completed a $3 million seed pre-financing round. Lemniscap led the investment, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. The round was structured as a SAFE with token warrants. Valuation was not disclosed.
Funding details and the use of proceeds confirmed by Hypernova
Bayramov confirmed that this round will conclude in mid-October 2025. The subscription amount was oversubscribed by three times. Hypernova was founded in September 2025 and launched fundraising at the same time.
The Block confirmed that angel investors participated via Echo, an on-chain fundraising platform created by Jordan “Cobie” Fish. Echo was recently acquired by Coinbase for $375 million. The confirmed use of the $3 million is as follows: $1 million has been allocated to an earnings reserve to pay profits to successful traders. The platform confirmed it will use future revenue to continuously top up this reserve. The remaining $2 million will be used to expand the team and prepare for a full launch.
Hypernova confirms its business model: solving the B-account issue in traditional proprietary trading firms
Bayramov confirmed in the explanation that traditional retail-style proprietary trading firms adopt a “B-account model.” They do not route trades to the market. When top traders remain consistently profitable, it is the company’s balance sheet that has to pay, turning strong traders into a burden for the firm.
Hypernova’s confirmed differentiating design is to dynamically allocate A-accounts or B-accounts based on trader quality and available trading data: the trades of “A-tier” traders are pushed to the market, and Hypernova bears the losses when it incurs losses. “B-tier” traders use the B-account model. The platform uses smart contracts to automatically and immediately pay traders’ profits, with transparent rules and verifiable execution logic settled on-chain.
Alpha test confirmed metrics and the competitive landscape
Hypernova confirmed that since it launched a closed Alpha test on May 1, 2026, it has attracted 250 traders to join, supported more than 20 traders with capital, and paid over $30,000 in profits.
The current source of revenue during the Alpha phase is “evaluation fees”—a one-time fee paid by traders when they obtain eligibility for a funded account after submitting evaluation requests. Hypernova’s confirmed competitors include Breakout (acquired by Kraken), HyperPnL, Propr, and Upscale Trade. Hypernova is headquartered in London, currently employs 7 people, and plans to hire quantitative researchers and developers within the next three months.
FAQ
Which institutions led and participated in this funding round, and what is the funding structure?
According to Hypernova’s confirmation, Lemniscap led the round, with participation from Very Early Ventures, CMS Holdings, and Pivot Global. Hyperliquid ecosystem angel investors participated via the Echo platform. The round uses a SAFE token warrant structure, valuation was not disclosed, and Lemniscap received an observer seat on the board.
What is the core difference between Hypernova and traditional proprietary trading firms?
According to CEO Bayramov’s confirmation, the core difference is a dynamic A/B account allocation mechanism: A-account books are used for high-quality “A-tier” traders, and Hypernova bears the losses when those traders incur losses. At the same time, smart contracts are used to automatically pay traders’ profits in real time on-chain, addressing the opacity problem with payments on traditional platforms.
How has Hypernova’s Alpha test performed, and what is the launch timeline for the official release?
Hypernova confirmed that since launching a closed Alpha on May 1, 2026, it has attracted 250 traders, funded more than 20 traders, and paid over $30,000 in profits. CEO Bayramov confirmed it plans to officially launch within the next two months, but did not disclose specific dates.
