Hypernova raises $3M to build trustless prop trading on…

Hypernova, a proprietary trading platform built on Hyperliquid, has closed a $3 million pre-seed round led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and a cohort of angel investors from the Hyperliquid ecosystem. The round was oversubscribed three times and structured as a SAFE with token warrants; Lemniscap took a board observer seat.

The startup's core pitch is a "trustless" prop trading model that uses smart contracts to automate trader payouts and settle activity onchain — directly targeting the opacity problem that plagues traditional retail prop firms. CEO Anar Bayramov explained the B-book trap bluntly: when prop firms don't route trades to market, profitable traders become a liability and eventually get banned.