Hxro Network
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anchored·5HxEgZ…J7KjSummary
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
14 entities · 60 linked investigations- Jump Trading→mentioned with→Solana(80%)
- Jupiter Perps→mentioned with→Meteora(70%)
- Jupiter Perps→mentioned with→Drift(85%)
- Jupiter Perps→mentioned with→Solana(80%)
- Hxro Network→mentioned with→Drift(75%)
- Hxro Network→mentioned with→Bitget(60%)
- Hxro Network→mentioned with→Coinbase(70%)
- Hxro Network→mentioned with→Alameda(70%)
- Hxro Network→mentioned with→Jupiter Exchange(70%)
- Hxro Network→mentioned with→Kraken(60%)
- + 27 more
Connected Through
13 shared actors · 635 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- ♦Coinbasetoken
- □Krakenorganization
- □Bitgetorganization
Timeline(9 events)
2019
Hxro beta (then branded as Hxro Games, a gamified binary futures product) launches.
Medium — Q&A with Dan Gunsberg & Rob LevyJune 2021
Hxro raises $15 million from Commonwealth Asset Management; macro investors Alan Howard and Louis Bacon participate.
CoinDesk30 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 NewswireJuly 2022
Hxro begins alpha sandbox testing of its derivatives platform on Solana mainnet using simulated UXDC collateral.
CoinDeskAugust 2022
Hxro Network launches derivatives alpha on Solana mainnet (initial announcement).
PR Newswire15 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 Newswire11 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 FTXDecision Log
- slot 425212202 · hash EJ3tRP7Lu83aRh9A7ne8xSrC7JPkZzjVn1QJS8SQJtzL
- slot 425212198 · hash FjiNRNayPjBLhCCQn4MBAFqHHoUMaW5bZRuLq5rjMJnu
- slot 425205300 · hash 6xyF7SA6poAbMHa33f6242Jn6Rv7uDVC4f56J7arcA28
- slot 425205296 · hash BF83Xh1CrY7Mk3z4yxAjc5frZMpKu4KKMG7i8FcFVP8T
- slot 423599778 · hash CdPanXkAW5Sbc19x9PUBZ9Q3tan8Dgjqg8nQj8qJTE1x
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 13 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/1/2026, 1:19:43 PM
last updated: 6/1/2026, 1:19:44 PM
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