Alternatives · Hypernova
Hypernova is an on-chain crypto prop firm built on Hyperliquid liquidity, whose payouts settle through contracts on Arbitrum. This search used to exist because you could not buy in — that is over: Hypernova has been public since 14 August 2026, with an open checkout and published pricing (read 16 August 2026). What remains are reasons of substance — its own FAQ says accounts are simulated, and your signals can feed its central book. Here are the 3 firms worth weighing against it, and what each costs you compared to Hypernova.
Hypernova access, re-checked 16 August 2026
Public since 14 August 2026
No more invites: checkout is open on app.hypernova.xyz, with published fees of $120 / $275 / $365 on the 25K account depending on risk tier. The comparison below is about substance, not availability.
Affiliate link. We earn a commission; it never changes what you pay — it is what funds your cashback.
87.7/100 · traded · buyable today
Buyable today from $25, with the most complete published rulebook in the category (versioned, with a changelog) and the only firm here that has actually paid us — 119.79 USDC, settled in about two minutes. But: since 26 August 2026 payouts are executed by a verified Payout Distributor contract on Ethereum (0x6e81…7acf24), invoked by the backend through a sender wallet — the contract holds ~no balance and is funded payout by payout, so it is not a pre-funded vault like Hypernova’s. Since 3 October 2026 Propr publishes a Proof of Reserve across three public wallets (cold and hot reserve on Ethereum, margin on Hyperliquid); we read them ourselves on 4 October 2026 at 02:43 UTC: $1,025,662.96 USDC of stablecoin, plus $76,715.38 of perps account value under open hedges. It’s the default pick if buying today matters more than that difference.
64.5/100 · bought and traded 9 September 2026 · no payout taken
Rules and payouts advertised as smart-contract enforced, rather than a published PDF someone has to keep honest. We stopped reading and paid: on 9 September 2026 we bought a 1-Step Flex $5,000 evaluation for $42, funded it in USDC on Arbitrum and traded it the same day, so this line is first-hand (app.hyperpnl.com — Start Challenge and Performance Guard (login required)). It sells two evaluations, not one — 1-Step Flex at $42 / $86 / $215 for 5K / 10K / 25K (10% target, 3% daily, 5% static overall, and no minimum profitable day at all: the counter on our paid account reads 0 / 0) and 2-Step Flex at $50 / $90 / $213 for the same sizes (10% then 5%, 5% daily, 9% static, 2 then 3 profitable days) — with no time limit on any phase. The engine does enforce: our $25,000 demo was closed automatically at 12:18 on 9 September, cause named in the interface, Daily Loss Limit, final balance $24,170.48 against $25,000.00. But: a real ceiling of $25,000 (50K and 100K still marked Soon, slider locked), §3.1 of its Terms of Use bars 18 jurisdictions including the United States and Canada while its homepage advertises “No restrictions”, and we traced our own $42 purchase end to end on Arbitrum — the only on-chain event is a deposit into RelayDepository, the deposit contract of the third-party bridging protocol Relay, after which the $42 was debited off-chain in HyperPNL’s internal ledger. No Payment Router transaction, no Payout Treasury allocation, no revenue split, and no published address for the three contracts the docs name. We are not saying those contracts do not exist; we are saying that for the part of the chain we control there is nothing to check, while the homepage sells “Everyone can see everything on-chain”. Closest in spirit to Hypernova, smallest in scale. Still untested: no payout — the account is in Phase 1 and negative, so the 80% split and the “instant” claim remain open. Correction: on 5 September 2026 we wrote that its time limit was stated two ways and its drawdowns contradicted each other. Both were our errors — there is no time limit, and the two sets of drawdowns are two different products.
73.2/100 · bought & traded
Bought and traded on 10 September 2026 — a 2-Phase $5,000 evaluation, $65 list, $52 paid in USDC on Arbitrum. It publishes payout transaction hashes on Arbitrum, the same chain Hypernova’s Vault contract lives on, and all four check out as real transfers. Both firms let you read an address, and that is a correction of ours: we briefly wrote that Carrot’s vault could not be located, when its GitBook publishes a full address table with named roles. Read on 10 September 2026, its Vault Custody Contract on HyperEVM is a Safe holding about $15,016 in the Felix/Morpho USDC vault plus $98 on HyperCore, with funds stated to be mid-migration from Arbitrum. The difference that remains is scale and completeness, not existence: Hypernova’s reserve reads as a single much larger balance on Arbitrum, while Carrot’s on-chain picture is partial during that migration. Ceiling is $100K (down from $500K in July, with no announcement), leverage capped at 5× (§14), automation banned (§23).
What you actually lose leaving Hypernova: a split verified by arithmetic against a public contract — two payout receipts reconciled to the cent, twice — and a payout reserve you can read yourself ($360,302.43 at last on-chain read, 6 October 2026). None of the three alternatives above fully replace that — and since 14 August 2026 Hypernova is buyable on demand, so staying with it is a legitimate answer. Not every “alternative” page should end in a switch.
5% cashback in USDC on Hypernova via @PropCashbackBot. Sign up through our link first — attribution locks at account creation. How the cashback works · Step-by-step tutorial
Affiliate link. We earn a commission; it never changes what you pay — it is what funds your cashback.
On our published grid (last revised 4 October 2026), Hypernova itself ranks #2 at 85.7/100 — and since 14 August 2026 it is public, so availability is no longer the reason to look elsewhere. Propr.xyz (87.7/100) is the most complete alternative and the only one of these firms that has actually paid us; it's the default pick if a verified payout track record matters most to you. If contract-enforced rules are your priority, HyperPNL (64.5/100, its line re-scored 9 September 2026 after we bought and traded a 1-Step Flex $5,000 evaluation for $42) is closer to Hypernova's model: two evaluations from $42, no time limit on any phase and no minimum profitable day on the 1-Step, but a real ceiling of $25,000 — and §3.1 of its Terms of Use bars 18 jurisdictions, the United States and its territories and Canada included, so read that list before you pay. One caveat on the contract part: when we traced that $42 purchase end to end on Arbitrum the only on-chain event was a deposit into RelayDepository, a third-party bridging contract, and the fee was then debited off-chain in HyperPNL's internal ledger — we are not saying the contracts its docs name do not exist, only that for the part of the chain we control there is nothing to check.
Not really, once you separate advertised from reached. Hypernova's own split — 80%, verified by arithmetic against its Vault contract — is already the best-proven number in this category. Some firms elsewhere in the market advertise higher, but an 80% split you can actually reach and verify beats a 92% split you never do, which is the entire lesson of GT Funded's collapse.
Since 14 August 2026 you can: checkout is open on app.hypernova.xyz, with published fees of $120 (tight risk), $275 (low) and $365 (medium) on the 25K account. If verifiability is the whole reason you're here — an on-chain reserve you can read, a split reconciled to the cent — Hypernova itself is a legitimate answer. Keep the nuance its own FAQ states: accounts are simulated, and your signals can feed its central book. Running it alongside an alternative costs you nothing but a second fee; Hyperliquid- and Arbitrum-based firms aren't exclusive of each other.
Only in a different category, and we flag that rather than hide it. Breakout is Kraken-owned and settles off-chain on a centralized terminal — real operational safety, but none of the on-chain verifiability that is Hypernova's whole pitch. If you specifically want a firm you can audit yourself, Breakout answers a different question than the one that brought you here.
Full Hypernova write-up: Hypernova review. Current pricing across every tracked firm: deals page. Wondering if Hypernova itself is down? Is Hypernova down.
Disclosure: the Propr.xyz link above is an affiliate link — Propr pays us a commission on signups, at no cost to you, labelled as such. The Hypernova buttons are affiliate too (referral link since 17 August 2026, same commission logic). Nothing on this page is paid placement.
