HyperLink announced on X that it has completed a $2.5 million funding round, with backing from Alliance, North Island Ventures, Reverie, Node Capital, Breed, and smartestmoney.hl. According to Odaily, the protocol said its routed trading volume reached $254 million last month, accounting for 0.1% of Hyperliquid's trading volume, and it aims to reach 10% in the next phase.