After the Trove ICO, they decided to deploy their token and Perp DEX on Solana instead of Hyperledger, causing strong community backlash

By: theblockbeats.news|2026/01/19 04:30:15

BlockBeats News, January 19th. Perp DEX Trove announced last week after raising $11.5 million through an ICO that it will move its TROVE token and perpetual contract DEX platform launch from Hyperliquid to deployment on Solana, overturning the previously disclosed plan to participants.

Trove stated that a liquidity partner that originally supported its deployment on Hyperliquid chose to liquidate their 500,000 HYPE holdings, which was the partner's independent decision but changed the project's circumstances.

Therefore, Trove stated that it will no longer develop based on Hyperliquid's infrastructure but will rebuild its perpetual contract trading platform from scratch on Solana, covering multiple asset classes including RWA (Real World Assets) and prediction markets. The TROVE token generation event (TGE) time has been postponed to January 19th, 24:00 (UTC+8).

This sudden adjustment has sparked strong dissatisfaction within the community, especially among some ICO participants who had originally expected the project to go live on Hyperliquid and remain consistent with the HYPE ecosystem.

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