Pear Protocol, a leading pair trading platform, has officially launched its native integration with decentralized exchange Hyperliquid, enabling seamless pair trading atop Hyperliquid's perpetual orderbook. The integration allows traders to execute one-click entries/exits across paired assets, utilize ratio-based TP/SL logic, and access advanced tools like direct ratio charting and custom weighting.
Simultaneously, Pear closed a $4.1 million strategic funding round led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund. The capital injection follows Pear nearing $1 billion in cumulative trading volume, serving over 4,000 traders with daily beta volumes exceeding $5 million.
Founder Huf emphasized Hyperliquid's trader base and Pear's enhanced liquidity access, stating the funding marks a "turning point" for execution. Funds will expand Pear's institutional product suite, launch vaults/APIs on HyperEVM, relaunch its spot token with deeper liquidity, accelerate user growth, and ensure long-term sustainability through protocol buybacks.
Wyatt Khosrowshahi of Castle Island Ventures noted Pear is building infrastructure for "DeFi-native professionals," combining liquidity with intuitive UX and novel execution. Users remain eligible for Hyperliquid Season 3 points and HyPear Points, convertible to claimable $HYPE tokens.