HyroTrader, a crypto prop trading company, has secured the Best Prop Trading Firm accolade at the 2026 CoinGape Web3 Innovation Awards, recognized for its transparent exchange-connected funding system. Since its inception in 2022, the firm has disbursed over $5 million to more than 1,700 funded traders out of its 35,000-strong community.
Direct Exchange Execution and Trader Benefits
The award panel included representatives from Polygon Labs, Visa, and other prominent Web3 entities. HyroTrader distinguishes itself by linking trading flows directly to real exchanges through a secure API connection to Bybit, a method introduced in 2023 that bypasses internal pricing systems common in other prop firms. Traders receive funding of up to $200,000 for USDT perpetual contracts across 700+ cryptocurrencies and keep as much as 90 percent of their profits, withdrawable in USDT or USDC.
Introducing On-Chain Prop Trading with Hyro Protocol
In July 2026, HyroTrader revealed its next phase with Hyro Protocol, an on-chain prop trading solution built on Solana settling in USDC. This protocol leverages smart-contract-enforced capital pools, known as vaults, with transparent accounting and on-chain verification of all critical actions such as vault creation, deposits, net asset value updates, and payouts. Traders prove their abilities through Challenge Vaults or manage liquidity provider capital directly if they have a solid track record. CEO Samuel Drnda emphasized that Hyro Protocol replaces opaque trust-based systems with verifiable transparency.
