HyroTrader has announced that it is launching Hyro Protocol, an on-chain proprietary (prop) trading protocol built on Solana that settles in USDC. Hyro Protocol is designed to remove that vagueness, and it says that it has made every key protocol event verifiable on-chain. HyroTrader’s CEO Samuel Drnda said, “Most prop firms still run on closed systems where rules can change mid-evaluation and payouts happen behind closed doors.” According to the protocol, “Funded traders access more than 700 USDT perpetual pairs on live order books.” On-chain prop trading may succeed where others have failed, and that is Hyro Protocol’s goal.