From this year, blockchain technology is expected to make it possible to identify fraudulent pension recipients at home and abroad. [Photo Shutterstock]

Trove, which launched as a collectibles-based perpetuals exchange for items such as Pokemon cards, has scrapped development of a Hyperliquid-based platform and pivoted to Solana, The Block reported on Jan. 18.

The decision came a week after it completed a token sale.

Trove needed to stake 500,000 HYPE tokens to build the platform on Hyperliquid infrastructure, but it lost access after a liquidity partner that held the staking position recently ended its relationship with Trove. As a result, Trove could no longer roll out a market on the Hyperliquid network, The Block reported.

Trove then announced, just hours before launch, that it would rebuild the platform on Solana. An anonymous team member, Unwise, said, "We are no longer developing on Hyperliquid rails. We will remake it on Solana."

The TROVE token has not yet been launched, investors are demanding refunds and the project schedule is uncertain.

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