BlockBeats news, on August 19, according to The Block, the modular DEX protocol Valantis announced the acquisition of StakedHYPE, the second largest liquid staking platform on the HyperEVM blockchain, with the financial terms of the transaction undisclosed.
Valantis stated that the operations, development, and expansion of StakedHYPE will be managed by Valantis Labs. As part of the transaction, Addison Spiegel, the founder of Thunderhead, the entity behind StakedHYPE, will join Valantis as an advisor.
StakedHYPE is the second largest liquid staking platform in the Hyperliquid ecosystem after Kinetiq, with a total locked value (TVL) exceeding 200 million dollars.