🏷️#Web3
3 articles
Web3 Prop Firms Special [September 2026] | Sorting 22 Firms — from On-Chain Settlement to Exchange-Backed and Prediction-Market Types — by 'Is This Actually On-Chain?'
New prop firms settling on Hyperliquid or Arbitrum surged in 2026. We checked 22 firms on September 20, 2026, against their official rulebooks, terms of service, and Trustpilot — from the on-chain settlement type (Propr, Hypernova, HyperPNL, Carrot, DojiFunded), the chain-recorded type (Vanta, Hyper Stack, Solana Funded), the on-chain payout type (Investabl, FundedHive, AI Prop), Kraken-owned Breakout / Kraken Prop / Kraken Funded, the crypto-native type (SizeProp, HyroTrader, Crypto Fund Trader, Bitfunded, TradeXProp, Upscale), to the prediction-market type using Polymarket (Funding Predicts, PropMarket). Even firms calling themselves 'on-chain' run every evaluation phase as a simulation, and each firm's terms state that whether real orders get routed to the market after funding is entirely 'at the operator's discretion.' We cover whether you can buy from Japan, what to do once you receive USDC, and where the fees hit.
What is Propr? A Full Breakdown of the On-Chain Prop Firm Built on Hyperliquid | From $25, 15.4% Pass Rate Published, USDC Payouts [September 2026]
A look at Propr, a crypto prop firm developed by XBorg and backed by SwissBorg, running directly on Hyperliquid's order book. Four plans ($5K–$200K, from $25), an 80% fixed split, a public dashboard showing a median 38-minute USDC payout time, $2.95M in revenue, and a 15.4% pass rate. On the other hand, the fee is 25–36% more than the identically-structured Kraken-backed Breakout, and at $140–167 per $1,000 of loss allowance it's roughly 3x an FX two-step. Terms state the accounts are '100% simulated' and payouts are 'discretionary,' leverage on FX perps is 25x, and there are mismatches between the FAQ and the rulebook numbers. Covers access from Japan and things FX traders should watch for.
Propr vs Hypernova: Comparing Two Hyperliquid-Based Onchain Props. Hypernova's Instant Payouts and Public Reserves Are Still Invite-Only [September 2026]
Comparing two crypto prop firms that use Hyperliquid's prices. Hypernova has raised $3M (led by Lemniscap), offers a 1-step model across 4 tiers, an 80% split, and pays out from an on-chain reserve on Arbitrum in an average of 6 seconds, with $749K paid out to date. But as of September 2026 it's still a Discord-invite closed beta, has 0 Trustpilot reviews, its reserve has shrunk from $1M to $630K, and it has no third-party audit. We break down the differences with the publicly launched, TGE-completed Propr on price, drawdown, payouts, KYC, and risk.