The Onchain Prop Firm Traders Can Verify In Real Time
New York, USA, August 28th, 2026, Chainwire
Hypernova has launched its onchain proprietary trading platform, offering initial funding of up to $200,000 and payouts that settle in seconds.
When a trader on Hypernova withdraws their profits, a smart contract checks the math, caps the withdrawal at the profit actually earned, and sends USDC to their wallet. It takes 6.1 seconds on average, which the company says is the fastest published payout time in the industry.
In an industry where payouts and account decisions have traditionally depended on internal processes, Hypernova is betting that putting core business logic onchain can make the parts traders care about most independently verifiable. Since opening its doors to select traders four months ago, Hypernova has paid out more than $550,000 to traders across 110 countries.
Where The Money Comes From
The funded trading model itself is not new. A trader pays a fee, passes an evaluation, and is paid a share of the profit they generate on an account funded notionally by the firm. At most retail prop firms, the account is simulated: the trader does not own the capital or underlying positions, and their personal financial exposure is limited to the fee paid upfront.
For most firms, fees are the main revenue, which creates a structural tension: the fee arrives today, while every profitable trader creates a future payout obligation unless their trading is routed to a real market. When profitable traders are not routed to real markets, their payouts become a direct cost to the firm.
That structure leaves traders with an information problem. They can see the balance and rules presented by the firm, but cannot independently verify the underlying record, the liquidity available for payouts, or whether the firm’s published figures tell the full story. For a model built around future payout obligations, much of the risk ultimately comes down to trusting the company operating it.
Built To Be Watched
Hypernova’s approach is to put the parts of the model that normally run on trust onto a blockchain, and to be clear about the parts that stay off it.
When a trader opens an account, its starting balance, drawdown limit, and profit target are written into a smart contract on Arbitrum, along with the trader’s signature on the agreement. The dashboard is a convenience; the contract is the record, and anyone can read it without asking Hypernova.
Payouts come from a public onchain wallet, initially seeded with $1 million, a third of the company’s pre-seed round. Any trader can check its balance before deciding to trade, and every payout it has ever made is in its history. Pass rates for every account type, payouts, and the firm’s own business metrics are published live at hypernova.xyz/stats. Few prop firms publish pass rates at all, let alone figures that can be independently verified.
What stays off-chain is the trading itself. Fills and risk checks are simulated by Hypernova’s engine against live market conditions from the Hyperliquid exchange, so results reflect real prices and liquidity. The ledger covers what disputes are usually about: the rules, the balance, the reserve, and whether the money moved.
From Alpha To Beta
Hypernova opened a closed alpha on May 1, onboarding traders through its Discord, before moving into private beta in August. More than 3,300 traders have since signed up, generating over $2 billion in trading volume and more than $555,000 in trader payouts.
The company has raised a $3 million oversubscribed pre-seed round led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and a group of angel investors from the Hyperliquid ecosystem.
Hypernova was founded by Anar Bayramov, who previously led DeFi investments at RockawayX and backed Breakout early before its acquisition by Kraken, and Nijat Bakhshaliyev, a former senior engineer at Coinbase. Both studied at Imperial College London. The wider team of six engineers and researchers brings experience from Citadel, Amazon, IBM, and N26.
Built To Back Traders
Hypernova’s tagline is four words long: built to back traders.
Its focus today is the technology, infrastructure, and risk systems that give traders an edge. Where it is heading is a distributed trading desk: as the record of who performs grows, Hypernova plans to identify the traders who consistently deliver, route their trading to real markets, and scale the capital behind them.
The objective resembles an institutional trading desk, but without the traditional filters of location, employment history or access to a physical trading floor. Hypernova wants a trader’s recorded performance to become the credential: a body of evidence that can be inspected, scored and eventually used to determine how much real capital the firm is willing to place behind them.
“Building transparent, onchain foundations is a prerequisite for our vision of a distributed, meritocratic trading desk,” said Anar Bayramov, Co-Founder and Chief Executive. “We want to identify, scale and retain the best traders wherever they are in the world. Building that at scale is no easy feat, and getting the incentives right will be one of the biggest challenges.”
Whether that holds at scale is an open question, and the harder test will come as Hypernova begins putting real capital behind its best traders. What it has shown so far is narrower: a prop firm can expose its reserves, pass rates and payout history without undermining the model. The next test is whether that transparency can become an advantage as the business scales.
About Hypernova
Hypernova is an on-chain prop trading firm built on Hyperliquid. Pass a risk-managed assessment, receive a funded account and keep 80% of the profits — with every rule, payout and reserve anchored on-chain.