Big shoutout to @payoutjunction for the in-depth breakdown of Hypernova.
We didn’t have to provide a single API endpoint or access to our database. They could read it all directly from our public contracts and wallets...
Individual account pay-ins and payouts, pass rates, assessment revenue, margins before other costs, reserves and much more — all independently verifiable onchain.
Proud to say we’re the only prop firm with this level of verifiable platform transparency. This is why we built onchain. Traders shouldn’t have to take anyone’s word for it.
Looking forward to see what you all surface next!
September was our biggest month for payouts, volume and activity. Thank you to all our traders! It also put our instant payout system through its biggest test yet.
We built Hypernova’s business logic into smart contracts: account rules, state and payout eligibility. Traders interact directly with those contracts to get paid from our onchain reserve.
The harder part was building risk detection around this. Instant settlement means we need to catch abuse during trading, rather than relying on a withdrawal review queue. We built our in-flight checks from scratch for that reason.
Making sure this scales is a big reason we’ve stayed in closed alpha/beta. September’s payouts averaged 5.9 seconds from click to wallet. By far the fastest in the prop space. There’s still work to do, but we took the harder path, and I’m glad we did.
Massive shoutout to our amazing team. A lot of engineering behind a simple experience: click, get paid.
$617,631 paid to traders in September.
717 payouts. Settled in 5.9s on average.
2,746 assessments. 517 funded.
Top 5 traders below.
“We win when you win” is an easy promise to make when nobody can check the books.
I generally avoid industry drama, but seriously misleading claims deserve scrutiny. Especially when they concern how a prop firm makes money.
For challenge-based prop firms, fees generate revenue and payouts are an expense. A trader making $10,000 doesn’t mean the firm earned $10,000 in the market. An 80/20 split means the firm owes the trader $8,000. It doesn’t mean the firm earned $2,000.
Some firms partially hedge payout exposure. That’s different from fully A-booking every funded trader. Routing trades to an exchange, including your own, doesn’t answer the key question: who ultimately carries the risk? If the firm or an affiliate retains the opposing risk, trader profits still cost that business money.
Crypto’s principles of transparency and verifiability should extend to how firms operate. At @HypernovaX, traders can check fees, payouts and reserves onchain, alongside account records showing bans, restrictions and live pass rates by account type.
The standard should be simple: traders can verify what firms claim. Ours included.
If you've put years into building your trading track record, that history should help you get funded.
Hypernova is now the first prop firm to let you connect your existing trading history, starting with Hyperliquid. More insight for us, better assessment pricing for you.
The part I’m most excited about comes next: using that history to identify traders we can fund directly, without an assessment. Still work to do, but this gets us closer.
Thanks to @BusinessInsider for covering what we're building at Hypernova!
Four months ago, we launched our closed alpha and onboarded our first 50 traders.
Since then, 3,500+ traders across 118 countries have traded over $3B through Hypernova, with more than $600k paid out.
It's still early, but it's been great to see the thesis start to play out.
We built Hypernova around the idea that traders shouldn't have to blindly trust the firm funding them. Rules and account state can be onchain. Reserves can be public. Payouts can be settled by smart contract. Performance can be verifiable.
We believe those are the foundations for something much bigger: a distributed trading desk that can find the best traders anywhere in the world and give them access to capital.
Massive thank you to everyone who has traded with us, given us feedback, broken things, and helped us improve over these first few months. We're building Hypernova alongside you.
Competitive markets leave no room for a sub-par product.
We knew from day one we couldn't win by taking shortcuts or moving at everyone else's speed.
So we built Hypernova end to end, kept the feedback loop tight and shipped relentlessly.
Still in closed alpha. More coming.
Pre-IPO markets are now live on Hypernova.
Funded traders can now trade SpaceX, OpenAI and Anthropic.
First prop firm to do this.
Shoutout to @Hyperliquid, @tradexyz and @ventuals for pushing all markets on-chain.
Thank you to all of our investors who believed in our wild mission.
Bringing funded trading on-chain is only the first step.
Lots to build. Lots to prove.
Onwards.
Announcing our $3m pre-seed led by @Lemniscap.
Hypernova is bringing funded trading on-chain.
Verifiable rules. Instant payouts. Allocation that grows with performance.
After 7 months of building in stealth, we’re opening Hypernova.
The mission is simple: rebuild prop trading around the trader.
On-chain rules, instant on-chain payouts, public reserves, and a system designed to find, fund, and scale top performers.
Very proud of our small but relentless team behind this.
Much more to come.
Our Closed Alpha is live.
Hypernova is built around a simple principle: find, fund, and enable top traders. Not to maximise evaluation fees. Not to hide behind opaque rules. Not to make payouts discretionary.
We rebuilt the foundation on-chain, making transparency native to Hypernova: immutable rules, instant payouts, public payout reserves and account states that traders can verify.
Closed Alpha is the first step towards our vision: a trading desk built on-chain, where traders can access the capital, tooling and infrastructure usually reserved for institutions.
Personal update - I’ve finished my chapter at @Rockaway_X
If I take one thing away: it’s always about the people. The last 3 years gave me the chance to back remarkable founders, work alongside a team I deeply respect, and form friendships I’ll always treasure.
Huge thanks to @viktorfischer and the team for betting on me. If you’re a builder or an aspiring investor, they’re the crew you want in your corner
Very pumped for what's next, announcing soon!
