Hxro Network
Summary
Hxro Network is a decentralized derivatives and liquidity primitive built on the Solana blockchain, providing shared exchange, risk management, and settlement infrastructure for on-chain futures, options, and parimutuel betting markets. The project raised $49 million across two token rounds in 2021 from well-regarded institutional investors including Jump Crypto, Blockchain Capital, Susquehanna International Group, and Alameda Research. While the team is publicly identified with traditional finance credentials and multiple third-party security audits have been completed, the HXRO token has experienced a severe decline from its all-time high, and the network has struggled to achieve meaningful adoption relative to competing Solana derivatives protocols.
Connected Entities
1 entities · 10 linked investigationsTimeline(9 events)
2019-01-01
Hxro beta (then branded as Hxro Games, a gamified binary futures product) launches.
Medium — Q&A with Dan Gunsberg & Rob Levy2021-06-01
Hxro raises $15 million from Commonwealth Asset Management; macro investors Alan Howard and Louis Bacon participate.
CoinDesk2021-11-30
Hxro closes $34 million strategic round co-led by SIG DT, Jump Crypto, and Blockchain Capital; Alameda Research, Solana Ventures, Coinbase Ventures, and others participate.
PR Newswire2022-07-01
Hxro begins alpha sandbox testing of its derivatives platform on Solana mainnet using simulated UXDC collateral.
CoinDesk2022-08-01
Hxro Network launches derivatives alpha on Solana mainnet (initial announcement).
PR Newswire2022-09-15
Neodyme completes staking contract audit of HXRO token and governance contracts; no critical issues found.
Hxro Docs (audit reference)2022-11-11
FTX and Alameda Research file for Chapter 11 bankruptcy. Alameda was a strategic investor in Hxro's $34M round; no direct operational impact on Hxro was publicly disclosed.
FTX Wikipedia / Timeline of FTXDecision Log
- hash: EJ3tRP7Lu83aRh9A7ne8xSrC7JPkZzjVn1QJS8SQJtzL
- hash: FjiNRNayPjBLhCCQn4MBAFqHHoUMaW5bZRuLq5rjMJnu
- hash: 6xyF7SA6poAbMHa33f6242Jn6Rv7uDVC4f56J7arcA28
- hash: BF83Xh1CrY7Mk3z4yxAjc5frZMpKu4KKMG7i8FcFVP8T
- hash: CdPanXkAW5Sbc19x9PUBZ9Q3tan8Dgjqg8nQj8qJTE1x
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 6/1/2026, 1:19:43 PM
last updated: 6/8/2026, 11:41:51 PM
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