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Hxro Network

avoid.net/hxro→58/100·68% conf.
[AI-DRAFTED · AWAITING VERIFICATION]
anchored·5HxEgZ…J7Kj

Summary

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

1 entities · 10 linked investigations
Organizations
□Hxro Network
Relationships
    Also appears in
    Gamma Strategies·28Bunni Protocol·28BitGrail·2Lulo·68Thorchain DEX·14Crossmint·78Access Protocol·47Orca·85KuCoin Exchange Hack·32Zircon Gamma·32
    Have evidence about Hxro Network?

    Timeline(9 events)

    2019-01-01

    Hxro beta (then branded as Hxro Games, a gamified binary futures product) launches.

    Medium — Q&A with Dan Gunsberg & Rob Levy

    2021-06-01

    Hxro raises $15 million from Commonwealth Asset Management; macro investors Alan Howard and Louis Bacon participate.

    CoinDesk

    2021-11-30

    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 Newswire

    2022-07-01

    Hxro begins alpha sandbox testing of its derivatives platform on Solana mainnet using simulated UXDC collateral.

    CoinDesk

    2022-08-01

    Hxro Network launches derivatives alpha on Solana mainnet (initial announcement).

    PR Newswire

    2022-09-15

    Neodyme completes staking contract audit of HXRO token and governance contracts; no critical issues found.

    Hxro Docs (audit reference)

    2022-11-01

    Hxro launches USDC-collateralized derivatives marketplace on Solana mainnet.

    PR Newswire

    2022-11-11

    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 FTX

    2022-11-15

    Solana-based Hxro launches bitcoin derivatives marketplace, per The Block.

    The Block
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 6/1/2026, 1:19:43 PM

    last updated: 6/1/2026, 1:19:48 PM

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