After the Trove ICO, they decided to deploy their token and Perp DEX on Solana instead of Hyperledger, causing strong community backlash

By: theblockbeats.news|2026/01/19 12:30:15
0
Share
copy

BlockBeats News, January 19th. Perp DEX Trove announced last week after raising $11.5 million through an ICO that it will move its TROVE token and perpetual contract DEX platform launch from Hyperliquid to deployment on Solana, overturning the previously disclosed plan to participants.

Trove stated that a liquidity partner that originally supported its deployment on Hyperliquid chose to liquidate their 500,000 HYPE holdings, which was the partner's independent decision but changed the project's circumstances.

Therefore, Trove stated that it will no longer develop based on Hyperliquid's infrastructure but will rebuild its perpetual contract trading platform from scratch on Solana, covering multiple asset classes including RWA (Real World Assets) and prediction markets. The TROVE token generation event (TGE) time has been postponed to January 19th, 24:00 (UTC+8).

This sudden adjustment has sparked strong dissatisfaction within the community, especially among some ICO participants who had originally expected the project to go live on Hyperliquid and remain consistent with the HYPE ecosystem.

You may also like

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

Popular coins

Latest Crypto News

Read more