Valantis acquires the Hyperliquid ecological liquid staking platform StakedHYPE

ChainCatcher news, according to The Block, the modular DEX protocol Valantis announced on August 19 that it has completed the acquisition of StakedHYPE, the second-largest liquid staking platform on the HyperEVM blockchain. The parties did not disclose the details of the transaction amount.

Valantis stated that the operations, development, and expansion of StakedHYPE will be fully taken over by Valantis Labs. According to the acquisition agreement, Addison Spiegel, the founder of Thunderhead, the entity behind StakedHYPE, will join the Valantis team as an advisor.

StakedHYPE ranks second among liquid staking platforms in the Hyperliquid ecosystem, only behind Kinetiq, with a current total value locked (TVL) of over $200 million. This acquisition will further strengthen Valantis's position in the DeFi space.