Valantis Announces Acquisition of StakedHYPE

Son Min

Summary

Valantis announced that it has acquired StakedHYPE.
The purpose of the acquisition is to strengthen the liquidity network of the Hyperliquid ecosystem.
Currently, StakedHYPE's TVL is approximately $200 million.

Modular decentralized exchange (DEX) Valantis has acquired the Hyperliquid (HYPE)-based liquidity staking platform 'StakedHYPE.'

According to The Block on the 19th (local time), Valantis revealed the acquisition of StakedHYPE, stating, "We will grow StakedHYPE into the core liquidity network of the Hyperliquid ecosystem." The specific acquisition amount was not disclosed.

Ed Carvalho, Valantis co-founder, expressed his anticipation, saying, "Through the acquisition of StakedHYPE, we will be able to build additional market infrastructure."

Meanwhile, according to DeFiLlama data, StakedHYPE's current total value locked (TVL) is approximately $200 million.

HYPE