HyroTrader Wins Best Prop Trading Firm at CoinGape Web3 Innovation Awards

HyroTrader has been honored as the Best Prop Trading Firm at the CoinGape Web3 Innovation Awards 2026. This recognition comes from an independent panel that included representatives from notable organizations such as Polygon Labs and Visa. The award highlights HyroTrader's transparent funding model for digital asset traders.

Founded in 2022, HyroTrader has made significant strides in the crypto trading space, providing funded accounts of up to $200,000 for trading USDT perpetual contracts across over 700 cryptocurrencies. The firm is known for its direct exchange execution model, which routes trading activities to real exchange environments through a secure API connection to Bybit.

HyroTrader has funded more than 1,700 traders and paid out over $5 million since its inception. CEO Samuel Drnda emphasized that the award reflects the company's commitment to transparency and verified trading practices.

Introducing Hyro Protocol

In conjunction with the award, HyroTrader announced the upcoming launch of Hyro Protocol, an on-chain crypto prop trading protocol built on Solana. This protocol aims to connect traders seeking capital with liquidity providers looking for exposure to verified trading strategies.

Hyro Protocol will utilize a vault model with smart-contract-enforced rules and transparent accounting. Traders can participate through Challenge Vaults or manage LP capital directly if they have an established track record. Key events within the protocol will be verifiable on-chain, ensuring a high level of transparency.

Drnda noted that Hyro Protocol aims to replace traditional trust-based systems with verifiable processes, allowing traders to own their track records and liquidity providers to validate every transaction on a block explorer.