HyperLink raises $2.5 million and sets target of reaching 10% of Hyperliquid volume

HyperLink said it has raised $2.5 million, according to a post it published on X. The backers named in the announcement were Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl. The company did not disclose additional financing terms in the brief update. HyperLink also shared operating figures for the protocol. It said routed trading volume reached $254 million last month, equal to 0.1% of Hyperliquid’s trading volume over the same period. Based on that starting point, the protocol said its next goal is to capture 10% of trading volume on Hyperliquid. The announcement was carried by Odaily as a short technology update. No further details were provided on product changes, timeline, or how HyperLink plans to reach that target.