Valantis Acquires Hyperliquid's Liquid Staking Platform StakedHYPE Decentralized trading protocol Valantis announced the acquisition of StakedHYPE, the second-largest liquid staking platform on the Hyperliquiquid blockchain. The transaction amount has not been disclosed. StakedHYPE's operations and development will be transferred to Valantis Labs, and its founder, Addison Spiegel, will serve as an advisor to Valantis. StakedHYPE's total value locked (TVL) has exceeded $200 million, second only to Kinetiq, making it a vital component of the Hyperliquiquid ecosystem. Valantis previously launched dedicated trading platforms for stHYPE and kHYPE, which currently have a combined TVL of approximately $70 million and a cumulative trading volume exceeding $500 million. Going forward, Valantis plans to enhance the decentralized nature of the stHYPE token, deepen its integration with its DEX and Hyperliquid ecosystems, and develop stHYPE into a broad liquidity network. The transaction has been completed, following detailed negotiations between the two parties that began several weeks ago. Investors behind Valantis include Kraken Ventures and Figment Capital.