Pear Protocol Integrates Hyperliquid, Secures $4.1M Led by Castle Island as Trading Volume Approaches $1B

Pear Protocol, a crypto-native pair trading platform, has launched a native integration with Hyperliquid, a leading derivatives exchange, enabling seamless pair trading on Hyperliquid’s perpetual orderbook [1]. This development follows the announcement of a $4.1 million strategic funding round led by Castle Island Ventures, with additional participation from Compound VC, Florin Digital, and Sigil Fund. The funding coincides with Pear Protocol approaching $1 billion in cumulative trading volume, driven by a beta phase that has already generated over $5 million in daily trading activity.

The Hyperliquid integration allows traders to access advanced tools such as one-click entry and exit for pair trades, limit and TWAP (time-weighted average price) execution on ratios, and tailored risk management features like TP/SL (take profit/stop loss) logic based on ratio thresholds. Users will also retain eligibility for Hyperliquid Season 3 points and HyPear Points, convertible into $HYPE tokens. The platform emphasizes mobile-friendly, capital-efficient strategies, whether for standardized token pairs like HYPE/SOL or custom combinations such as ETH/BTC with beta-weighted logic.

Founders highlighted the strategic alignment between Pear Protocol and Hyperliquid’s ecosystem. “Hyperliquid is where the best traders are, and Pear now provides the best way to pair trade on top of that liquidity,” said Huf, founder of Pear Protocol. He added that the funding round represents a “turning point” for the platform, with investors offering expertise and long-term support to accelerate execution goals.

The $4.1 million in capital will expand Pear’s institutional-grade product suite, including the launch of vaults and APIs on HyperEVM. Funds will also support the re-launch of Pear’s spot token with enhanced liquidity on Hyperliquid’s Spot Orderbook, alongside efforts to boost user growth, talent acquisition, and long-term sustainability through protocol buybacks and new revenue streams.

Castle Island Ventures’ Wyatt Khosrowshahi, an investor in the round, praised Pear’s approach to bridging deep crypto-native liquidity with intuitive user experiences. “They’re connecting deep crypto-native liquidity with intuitive UX, timely education, and novel execution,” he noted. The partnership underscores a broader trend of venture capital firms investing in infrastructure tailored to decentralized finance (DeFi) professionals.

The integration and funding signals growing demand for specialized trading tools in the crypto space. As Pear Protocol scales, its focus on institutional-grade features and user education aligns with market needs for advanced yet accessible derivatives trading.

Source: [1] [Pear Protocol goes live with Hyperliquid integration and announces $4.1M strategic round led by Castle Island Ventures] [https://cryptobriefing.com/pear-protocol-goes-live-with-hyperliquid-integration-and-announces-4-1m-strategic-round-led-by-castle-island-ventures/]