Valantis has acquired stHYPE, the second-largest liquid staking token (LST) on Hyperliquid, valued at approximately $180 million in total value locked (TVL). This acquisition means that stHYPE’s operations will now be managed by Valantis Labs, with Addison Spiegel, founder of Thunderhead, joining as an advisor. This move is poised to enhance Valantis’s liquidity network, as liquid staking constitutes over half of Hyperliquid’s total TVL of $2.26 billion. Valantis had already launched LST-specific DEX pools for stHYPE and hHYPE, garnering nearly $70 million in TVL and exceeding $500 million in trading volume. Following the deal, Valantis aims to deepen stHYPE’s integration with its decentralized exchange and HyperCore. Launched in February, HyperEVM has quickly grown to nearly 100 active protocols, bolstered by the adoption of liquid staking.

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