Entropy Aims to Price Private Assets via Order Books on Hyperliquid

Entropy, a HIP-3 deployer on Hyperliquid, is attempting to provide continuous pricing for private assets like Anthropic. Backed by $14 million in funding and 40 million HYPE staked, the platform uses order book depth to create market-based valuations for illiquid assets, reverting to oracle data only when liquidity is insufficient.