HyroTrader has awarded Best Prop Trading Firm at the CoinGape Web3 Innovation Awards 2026, recognized for its transparent funding approach and direct exchange execution. The firm has distributed over $5 million to traders since 2022 and supports more than 35,000 members.
Recognition for Transparent and Real-Time Trading
The CoinGape Web3 Innovation Awards, judged by experts from Polygon Labs, Visa, Beldex, Shirplink, and Liminal Custody, acknowledged HyroTrader's unique model that routes trades directly to exchanges instead of relying on internal pricing. This approach, pioneered in 2023 via an API connection to Bybit, offers traders funded accounts up to $200,000 for USDT perpetual contracts across 700+ cryptocurrencies. Traders retain up to 90 percent of profits, withdrawable in USDT or USDC.
Upcoming On-Chain Protocol Expansion
Following the award, HyroTrader announced the launch of Hyro Protocol on July 8, an on-chain proprietary trading protocol built on Solana that settles in USDC. The protocol introduces vaults with smart-contract-enforced rules, on-chain accounting, and performance transparency, connecting capital providers and traders. This enables traders to prove their capabilities through Challenge Vaults or other mechanisms within the protocol.
CEO Samuel Drnda emphasized the firm's commitment to transparency and real exchange execution as core values shaping its future. The award highlights this focus, reinforcing trust in the prop trading sector.
Material is informational and does not constitute financial advice.
