Valantis Acquires HyperEVM On-Chain Liquidity Staking Platform StakedHYPE

BlockBeats News, August 19th, according to The Block, modular DEX protocol Valantis announced that it has acquired HyperEVM, the second-largest staking liquidity platform on the blockchain, StakedHYPE, with the financial terms of the transaction undisclosed.

Valantis stated that the operations, development, and expansion of StakedHYPE will be overseen by Valantis Labs. As part of the transaction, Addison Spiegel, the founder of Thunderhead, the entity behind StakedHYPE, will join Valantis as an advisor.

StakedHYPE is the second-largest staking liquidity platform in the Hyperliquid ecosystem after Kinetiq, with a total value locked (TVL) of over $200 million.