HyroTrader, a crypto proprietary trading firm, has been awarded Best Prop Trading Firm at the CoinGape Web3 Innovation Awards 2026. The recognition highlights the firm's transparent, exchange-connected funding model for digital asset traders.
The award was determined by an independent panel of judges from Polygon Labs, Visa, Beldex, Shirplink, and Liminal Custody. HyroTrader was selected based on its direct exchange execution model, risk management framework, and consistent payout record.
HyroTrader provides funded accounts of up to $200,000 for trading USDT perpetual contracts across more than 700 cryptocurrencies. Unlike many prop firms that rely on internal pricing systems, HyroTrader routes trading activity to real exchange environments through a secure API connection to Bybit. The firm pioneered this direct exchange integration in 2023.
Traders keep up to 90% of profits and can withdraw earnings in USDT or USDC. The firm currently serves a community of over 35,000 members, has funded more than 1,700 traders, and has paid out over $5 million to funded traders since its founding in 2022.
Samuel Drnda, CEO of HyroTrader, stated: "This award reflects the standard we set for ourselves from day one: real exchange execution, clear rules, and payouts traders can verify. Recognition from a panel of this caliber confirms that transparency is not a marketing angle. It is the future of prop trading."
Hyro Protocol: Bringing Prop Trading On-Chain
The award comes as HyroTrader prepares its next chapter. On July 8, the firm announced Hyro Protocol, an on-chain crypto prop trading protocol built on Solana that settles in USDC. The protocol connects traders seeking capital with liquidity providers seeking exposure to verified trading strategies.
At its core is the vault model: structured capital pools with smart-contract-enforced rules, transparent accounting, and on-chain performance records. Traders can prove themselves through Challenge Vaults or, if they hold an established track record, apply to manage LP capital directly through Direct Vaults. Every key protocol event, including vault creation, deposits, NAV updates, and payouts, is designed to be verifiable on-chain.
Drnda added: "Most prop firms still run on closed systems where rules can change mid-evaluation and payouts happen behind closed doors. Hyro Protocol replaces trust with verification. Traders own their track records, LPs can check every number on a block explorer, and capital scales with performance instead of one company's balance sheet."
Trade execution will continue on professional exchange infrastructure, while protocol state settles on-chain, preserving the liquidity and execution quality traders expect. HyroTrader will publish program IDs, audit reports, and explorer links as each protocol component goes live.
For context, the broader crypto prop trading landscape has seen significant growth, with platforms like BingX reporting a 700% surge in trading volume in Q2. Meanwhile, AI-linked futures volume has jumped 333%, highlighting the increasing sophistication of trading tools in the space.
HyroTrader is headquartered in Prague, Czech Republic, and was founded in 2022. The firm introduced the first direct exchange integration in crypto prop trading, enabling traders to operate on their own exchange accounts with funded capital of up to $200,000.
This article is for informational purposes only and does not constitute financial advice.
