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

Odaily Odaily reports that Hypernova has 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 from the Hyperliquid ecosystem.

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