Valantis Acquires Liquid Staking Protocol stHYPE, Adding $200m in TVL
Los Angeles, United States, August 19th, 2025, Chainwire
Valantis, Modular Decentralized Exchange (DEX) Protocol, has acquired the Staked Hype (stHYPE) protocol, the second-largest Liquid Staking Token (LST) on Hyperliquid. The financial terms of the deal were not disclosed.
The stHYPE protocol, which has reached nearly $200 million in total value locked (TVL), was the first liquid staking token (LST) to launch on HyperEVM — a general-purpose blockchain developed in parallel with HyperCore, a decentralized exchange (DEX) for perpetual futures.
The LST protocols’ operations, development, and scaling efforts are now being managed entirely by Valantis Labs. Valantis Labs has also appointed Addison Spiegel, Founder of Thunderhead (the entity behind the stHYPE protocol), as an advisor to Valantis.
This acquisition positions Valantis for its next phase of growth within the Hyperliquid ecosystem. stHYPE launched on day one of the HyperEVM launch and quickly grew to $500m in TVL, while becoming integrated into every major HyperEVM DeFi protocol.
The acquisition comes after Valantis’ LST-specific DEX launches for both stHYPE and kHYPE, the two largest DEX pools on the chain with a total of nearly $60m in TVL and over $500m in cumulative volume.
Valantis Labs plans to use the acquisition to build on top of their existing success in LST-specific DEXes. “An asset’s DEX liquidity is the single biggest factor in its success.” Deven Matthews, co-founder and CEO of Valantis Labs, said in a statement. “We believe that what the Hyperliquid team is building with HIP-3 and staking tiers allows an LST to be so much more than what it has been in the past, and our experience as novel DEX builders puts us in a perfect spot to create a vibrant ecosystem around stHYPE.”
Valantis Labs also touched on a roadmap of their plans with stHYPE, including plans to make the protocol more permissionless, deepen integrations with their DEX and HyperCore, and eventually evolve into being a liquidity network for all of Hyperliquid.
The HyperEVM has been one of the fastest-growing chains this year, launching in mid-February and since then amassing over $2 billion in TVL across nearly 100 protocols deployed on the chain.
About
Valantis is the Modular DEX on Hyperliquid. The DEX hosts a suite of custom liquidity pools built specifically for staked assets, with the best risk-adjusted potential returns for LPs and the best pricing for traders.
Website: https://www.valantis.xyz/