HyperPNL is the earliest-stage firm we track: a hackathon-origin, tokenless protocol where outside liquidity providers fund a Treasury Pool that backs traders. The model is genuinely interesting — but it's pre-production, so treat every number as provisional.
Hyperliquid · Review
HyperPNL Review 2026
Updated July 2026 · by Roya
Key facts
80%
Profit split
$25K
Max account
On-chain (Treasury)
Payouts
On-chain
Settlement
Official site: hyperpnl.com · unaffiliated link
What we like
- Novel tokenless, permissionless, LP-funded design
- On-chain Treasury model aligned with traders
- Built on Hyperliquid's fast execution
Watch-outs
- Pre-production — specs and numbers are provisional
- 30-day deadline + 2-of-3 profitable days + $25K real ceiling
- Least track record; highest execution risk
Our verdict
One to watch, not one to bet your bankroll on yet. Revisit once a production rulebook and audited payouts ship. For a live, proven setup today, Propr.xyz is the safer choice.
When this firm beats Propr
If you distrust points-and-airdrop models and want a firm with no token at all — funded purely by LPs — HyperPNL is the tokenless pick. The split matches Propr at 80%; the trade-offs are a 30-day deadline, a 2-of-3 profitable-days rule and a real $25K ceiling.
Our overall #1: Propr.xyz
Across splits, payout speed, market depth and automation, Propr.xyz is our top pick — and the one Bubbles semi-automates: you pick the trade, it handles DCA/TP/SL.
FAQ
Does HyperPNL have a token?+
No — it's explicitly tokenless. Outside LPs fund a Treasury Pool that backs funded traders, rather than a native token model.
Is HyperPNL safe to use now?+
It's pre-production, so its numbers are provisional and execution risk is higher than established firms. Start small, if at all, until a production rulebook ships.
Pass a prop firm challenge with Bubbles' semi-auto discipline
Bubbles handles DCA, take-profits and stop-loss on your Propr account via API — you pick the trade, it handles the execution. Non-custodial, 3-min setup.
Open BubblesAffiliate disclosure: we may earn a commission if you sign up to Propr.xyz via our links, at no cost to you. Specs may change — verify on each firm's site. Informational only, not investment advice. Leveraged trading carries a high risk of loss.