HyperLink raises $2.5M to build prime broker for Hyperliquid perp DEX

HyperLink, a prime broker built on top of perp DEX Hyperliquid, has raised $2.5 million from Alliance, North Island, Reverie, Node Capital, Breed VC and Smartest Money, the team disclosed on X. Deal structure and valuation were not disclosed.

The product aggregates client flow into a single HyperLink-facing account on Hyperliquid, offering pooled-fee tiers, private order flow and access to the full Hyperliquid liquidity and API. HyperLink says the setup is designed to give professional users lower fees, better execution and improved privacy versus trading directly from individual wallets.

HyperLink reported routing $254 million of notional volume last month, representing roughly 0.1% of Hyperliquid volume over the same period. The team said it already accounts for about 1% of Hyperliquid’s Builder volume and is targeting 10% share of overall Hyperliquid volume next.

The service remains invite-only, targeting larger, more active traders who want a broker-style interface and economics on Hyperliquid. Prime-style access layers like HyperLink have been emerging across onchain perps venues as an alternative to direct CEX access for funds, HFT firms and professional LPs.