Pear Protocol Launches Hyperliquid Integration and Secures $4.1M Funding

Pear Protocol, a leading pair trading platform in the cryptocurrency space, has officially integrated with Hyperliquid, enabling seamless pair trading atop Hyperliquid's perpetual orderbook. The launch coincides with the closure of a $4.1 million strategic funding round led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund.

The platform, which has already facilitated nearly $1 billion in trading volume for over 4,000 traders, is seeing daily volumes exceed $5 million during its beta phase. "Hyperliquid is where the best traders are, and Pear now provides the best way to pair trade on top of that liquidity," said Huf, Founder of Pear Protocol.

Traders on Pear can now access advanced features such as one-click entry and exit for pair trades, limit and TWAP execution, and ratio-based TP/SL logic for enhanced risk management. The integration also allows users to continue earning Hyperliquid Season 3 points and HyPear Points, convertible to $HYPE.