Hypernova completes $3 million pre-seed round, led by Lemniscap

OdailyOdaily reports that Hypernova announced the completion of a $3 million pre-seed funding round, led by Lemniscap, with participation from Very Early Ventures, CMS Holdings, Pivot Global, and multiple angel investors in the Hyperliquid ecosystem.

The project primarily focuses on building a proprietary trading platform based on Hyperliquid, using smart contracts to automate trader payments and dynamically deciding whether to push positions to the market based on trader quality. (The Block)