EntropyIO Completes $14 Million Fundraising and Receives $40 Million in HYPE Staking Support

Odaily Planet Daily News EntropyIO announced the completion of a $14 million fundraising round, led by Ribbit Capital, while also securing $40 million in HYPE staking support. The first batch of markets has been launched on Hyperliquid.

EntropyIO stated that it has introduced the first Anthropic trading market with liquidity, and plans to further expand coverage to assets such as Pre-IPO startups, computing resources, listed companies, and global indices to enable 24/7 trading.

Team members come from Citadel Securities, Optiver, Polymarket, and Millennium, and have developed a liquidity-weighted oracle that dynamically adjusts the price weight of external oracles based on market executable depth, aiming to improve price discovery and liquidity for new asset classes.