Valantis acquires Hyperliquid's second-largest liquid staking platform, StakedHYPE

Decentralized trading protocol Valantis has announced the acquisition of StakedHYPE, the second-largest liquid staking platform on the Hyperliquid blockchain, for an undisclosed sum. StakedHYPE's operations and development will be transferred to Valantis Labs, with its founder, Addison Spiegel, joining Valantis as an advisor.

StakedHYPE, with a total value locked (TVL) exceeding $200 million, is second only to Kinetiq and is a vital component of the Hyperliquid ecosystem. Valantis previously launched dedicated trading platforms for stHYPE and kHYPE, which currently have a combined TVL of approximately $70 million and a cumulative trading volume exceeding $500 million.