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July 28, 2025 – Pear Protocol, the premier decentralized trading layer for efficient pair trading across DeFi, today announced the official launch of its native integration with Hyperliquid, unlocking seamless and capital-efficient pair trading directly on the Hyperliquid perpetual orderbook. This pivotal launch coincides with the successful closing of an oversubscribed $4.1 million strategic funding round, led by Castle Island Ventures, with significant participation from Compound VC, Florin Digital, and Sigil Fund.
This latest investment brings Pear Protocol’s total funding to $5.35 million, building on its initial $1.25 million seed round in April 2023, which saw backing from Flow Ventures, RNR Capital, Portico Ventures, and JY Capital. The strong investor confidence underscores Pear Protocol’s rapid growth and its critical role in simplifying complex trading strategies for both retail and institutional users in the decentralized finance space.
Pear Protocol is rapidly approaching $1 billion in total trading volume, having already empowered over 4,000 traders with daily volumes in beta exceeding $5 million. The platform addresses the fragmented and manual nature of traditional pair trading in crypto by offering a streamlined interface that connects to top on-chain trading engines like Hyperliquid, SYMM, GMX, and Vertex.
"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. "This round marks a turning point – our investors deeply understand the space, and together we’re going full throttle on execution, expanding our institutional-grade product suite and accelerating user growth."
Revolutionizing Pair Trading in DeFi
Pair trading, a strategy involving simultaneously longing one asset and shorting another to profit from their relative performance, has historically been challenging in DeFi due to a lack of cross-margining capabilities and fragmented liquidity. Pear Protocol solves this by enabling users to take and manage simultaneous long and short positions with leverage within a single, unified interface.
Key features and benefits for traders include:
- One-Click Execution: Seamless entry and exit across both legs of a pair trade, enhancing speed and reducing errors.
- Ratio-Based Risk Management: Unique Take-Profit (TP) and Stop-Loss (SL) logic applied directly to the ratio itself, providing superior risk control.
- Advanced Order Types: Support for Limit and Time-Weighted Average Price (TWAP) orders on the ratio, optimizing entry and exit points.
- Comprehensive Analytics: Direct ratio charting, net funding differentials, and custom pair weighting tools for in-depth analysis.
- Capital Efficiency: Users can utilize their entire portfolio as collateral to support multiple positions simultaneously, thanks to cross-margined USDC collateral.
- Composability: All trading positions are represented by an ERC-721 (NFT), making them easily transferable and usable as collateral.
- Incentives: Continued eligibility for Hyperliquid Season 3 points and HyPear Points, which convert into claimable $HYPE.
"We believe Pear is building trading infrastructure for the next wave of DeFi-native professionals," commented Wyatt Khosrowshahi, Investor at Castle Island Ventures. "They’re connecting deep crypto-native liquidity with intuitive UX, timely education, and novel execution, which is exactly what the market needs."
Strategic Use of New Capital
The $4.1 million strategic funding will be deployed to:
- Expand Pear’s institutional-grade product suite, catering to sophisticated traders and strategies.
- Launch vaults and APIs on HyperEVM, further extending the protocol’s reach and utility.
- Re-launch its spot token with deeper liquidity on Hyperliquid’s Spot Orderbook.
- Accelerate user growth and talent acquisition to scale operations.
- Position Pear for long-term sustainability, including optional protocol buybacks and the development of new revenue lines.
Pear Protocol remains committed to its vision of empowering traders to navigate market narratives and exploit mispricings with unprecedented ease and efficiency, whether trading SOL vs. ETH, or building custom BTC/ETH trades with beta-weighted logic.
About Pear Protocol:
Pear Protocol is the leading DeFi-native pair trading terminal, enabling users to trade one token against another with high capital efficiency. By connecting to top on-chain trading engines including Hyperliquid, GMX, and SYMMIO, Pear provides a decentralized trading layer for executing and managing pair trades efficiently across DeFi. It simplifies trade execution and management, offering retail and professional traders the tools to trade smarter in DeFi.Compiled by CMO Intern team
