PANews reported on August 19th that Valantis, a decentralized exchange protocol, announced the acquisition of StakedHYPE, the second-largest liquidity staking platform on the Hyperliquid blockchain. The transaction amount was undisclosed. StakedHYPE's operations and development will be transferred to Valantis Labs, and its founder, Addison Spiegel, will serve as an advisor to Valantis. With a total value locked (TVL) exceeding $200 million, StakedHYPE is second only to Kinetiq and is a key component of the Hyperliquid 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. Moving 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 several weeks ago. Valantis' investors include Kraken Ventures and Figment Capital.