Hyperbolic Labs (N/A)

Hyperbolic is a decentralized AI cloud platform that aims to break the monopoly of large AI data centers and make compute resource more available to AI startups. It was founded by Jasper Zhang, a former Citadel Securities quant and Math Olympiad gold medalist.

It lets data centers, NeoClouds, and infrastructure providers, and lets AI startups access this power without lengthy onboarding or connection process. As a result, Hyperbolic Labs AI aggregates the compute power of GPU providers and regular internet users, turning it into a real utility for AI teams worldwide that can connect to the platform simply through SSH access.

To manage the whole process, Hyperbolic crypto project implements the Forge management layer, launched in June 2026, which handles provisioning, security hardening, golden images and wiping each machine after a customer run. Thanks to this an open, permissionless approach and the use of GPUs that would otherwise sit idle, it achieved dramatic cost cuts: $9+/hour on AWS (according to the team's claim) against $4.49/hour on Hyperbolic (according to the Hyperbolic website).

On top of that, the platform offers three GPU provisioning services tailored to specific hardware needs: On-Demand for testing and model enhancement, Reserved for regular hardware use, and Private for custom options. On-Demand is a classic usage-based pricing model where companies pay only when they use the hardware, Reserved allows them to book a GPU for a specific period at a discounted rate, while Private lets clients discuss custom partnership terms with Hyperbolic Labs company.

🪙 Hyperbolic token: As of October 2026, Hyperbolic hasn’t confirmed a native token release.

At the same time, its December 2024 Series A coverage stated that some funds would go toward building its own blockchain. Since the June 2025 rebrand, though, the site markets a plain GPU cloud with no on-chain features.

Nevertheless, considering the token launch experience of Meson Network, Masa, io.net, and other platforms, there’s still a solid probability that an AI DePIN company could pivot to a crypto coin and conduct Hyperbolic airdrop at any time. And if a token appears, it would likely reward GPU suppliers and pay for compute, like most DePIN networks.

✅ Hyperbolic pros:

• Good concept and product design that drastically reduces expenses compared to AWS;
• Product with 250K+ builders, according to the official site;
• Strong network of backers that includes Polychain Capital, Lightspeed Faction, Bankless Ventures, IOSG, GSR, Wintermute Ventures, and Samsung Next;
• Partnership with Coinbase Dev;
• Above-average SMM performance;
• The company CEO is an ex-Citadel Securities quant.

❌ Hyperbolic cons:

• No token confirmed;
• No public security audit found;
• The AI DePIN market seems oversaturated, with many projects (like Masa or Meson Network) having already died, according to CoinLaunch data;
• No publicly available revenue data;
• No new funding disclosed since December 2024;
• Some founding team members had left the project as of October 2026, not the greatest sign for a growing company.