Share this article
Valantis Acquires stHYPE, Expanding Liquid Staking Reach on Hyperliquid
The DEX takes over Hyperliquid’s second-largest liquid staking token, part of an ecosystem where staking makes up more than half of $2.26 billion in TVL.
Aug 19, 2025, 2:00 p.m.
What to know:
- Valantis has acquired stHYPE, the second-largest liquid staking token (LST) on Hyperliquid, with stHYPE holding about $180 million in TVL.
- stHYPE’s operations will now be run by Valantis Labs, with Thunderhead founder Addison Spiegel joining as an advisor; the move builds on Valantis’ existing LST-focused DEX pools, which have already processed over
- $500 million in trading volume.Liquid staking drives Hyperliquid’s growth, accounting for more than half of the network’s $2.26 billion TVL, as HyperEVM expands to nearly 100 active protocols since its February launch.
Valantis, a decentralized exchange (DEX) protocol, has acquired Staked Hype (stHYPE), the second-largest liquid staking token (LST) on Hyperliquid. Financial terms of the deal were not disclosed.
stHYPE, which launched as the first LST on HyperEVM, currently holds about $180 million in total value locked (TVL), according to the stHYPE website.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Following the deal, stHYPE’s operations, development, and scaling will be managed by Valantis Labs. Addison Spiegel, founder of Thunderhead, the team behind stHYPE, will serve as an advisor to Valantis.
Liquid staking has become a central pillar within Hyperliquid’s ecosystem. According to DeFiLlama, liquid staking accounts for more than half of Hyperliquid L1’s $2.26 billion in DeFi TVL
The acquisition builds on Valantis’ earlier launch of LST-specific DEX pools for both stHYPE and hHYPE, which together have attracted nearly $70 million in TVL and processed more than $500 million in trading volume.
Valantis said in a press release it plans to expand stHYPE’s integrations with its DEX and HyperCore, with the goal of establishing a broader liquidity network for Hyperliquid.
HyperEVM, which went live in February, has grown to more than $2 billion in TVL across nearly 100 protocols.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
What to know:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
