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Hxro Network

avoid.net/hxro→53/100·68% conf.
[VERIFIED]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5HxEgZ…J7Kj

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
Organizations
□Hxro Network
Relationships
    Have evidence about Hxro Network?

    Timeline(9 events)

    2019

    Hxro beta (then branded as Hxro Games, a gamified binary futures product) launches.

    Medium — Q&A with Dan Gunsberg & Rob Levy

    June 2021

    Hxro raises $15 million from Commonwealth Asset Management; macro investors Alan Howard and Louis Bacon participate.

    CoinDesk

    30 November 2021

    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 Newswire

    July 2022

    Hxro begins alpha sandbox testing of its derivatives platform on Solana mainnet using simulated UXDC collateral.

    CoinDesk

    August 2022

    Hxro Network launches derivatives alpha on Solana mainnet (initial announcement).

    PR Newswire

    15 September 2022

    Neodyme completes staking contract audit of HXRO token and governance contracts; no critical issues found.

    Hxro Docs (audit reference)

    November 2022

    Hxro launches USDC-collateralized derivatives marketplace on Solana mainnet.

    PR Newswire

    11 November 2022

    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 FTX

    15 November 2022

    Solana-based Hxro launches bitcoin derivatives marketplace, per The Block.

    The Block
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain13 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (5 events). 13 of 19 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 6/1/2026, 1:19:43 PM

    last updated: 8/21/2026, 9:01:15 AM

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