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trade[XYZ]
DEXOpen Interest
$2.209bKey Metrics
Volume (30d)$99.699b
7d$38.31b
24h$9.948b
All-time$686.062b
Turnover (30d)45.1x
Markets109
Reference Assets109
Asset Groups12
Share of DEX OI62%
Est. Fees (30d)$5.47m
24h$522,850
All-time$40.78m
Est. Annual$66.55m
Taker Fee9 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| xyz:sp500S&P 500 Index | Equity Perp | Permissionless | $198.85m | -3.26% | $999.13m | $3.733b | $8.812b | SP500-USDC | $7,367 | +0.60% | +0.057% | +1.78% | 8h | 50x | $44,961 | $396,526 |
| xyz:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $187.09m | +3.11% | $283.69m | $1.813b | $4.526b | BRENTOIL-USDC | $97.61 | -1.47% | -0.505% | -33.33% | 8h | 20x | $12,766 | $203,651 |
| xyz:skhxSK hynix Inc. | Stock Perp | Permissionless | $168.59m | -7.06% | $1.023b | $3.268b | $9.431b | SKHX-USDC | $868.84 | +6.88% | -0.442% | -26.41% | 8h | 10x | $46,044 | $424,404 |
| xyz:xyz100Nasdaq-100 Index | Equity Perp | Permissionless | $167.95m | -20.48% | $1.329b | $4.156b | $9.654b | XYZ100-USDC | $26,994 | +1.90% | +0.041% | +0.68% | 8h | 30x | $59,807 | $434,419 |
| xyz:goldGold | Commodity Perp | Permissionless | $151.49m | -1.77% | $122.18m | $647.07m | $1.687b | GOLD-USDC | $4,060 | -0.67% | +0.01% | +0.68% | 8h | 25x | $54,981 | $759,112 |
| xyz:silverSilver | Commodity Perp | Permissionless | $105.45m | -0.04% | $200.23m | $1.282b | $3.435b | SILVER-USDC | $52.09 | +0.96% | -0.013% | +0.68% | 8h | 25x | $9,010 | $154,573 |
| xyz:googlAlphabet Inc. | Stock Perp | Permissionless | $102.58m | +3.92% | $128.47m | $778.61m | $2.429b | GOOGL-USDC | $282.35 | +1.02% | +0.06% | +2.09% | 8h | 20x | $5,781 | $109,318 |
| xyz:muMicron Technology, Inc. | Stock Perp | Permissionless | $97.01m | +8.95% | $480.48m | $1.653b | $4.244b | MU-USDC | $700.80 | +6.77% | +0.013% | +0.68% | 8h | 10x | $21,622 | $190,964 |
| xyz:clCrude Oil (WTI) | Commodity Perp | Permissionless | $83.56m | +0.60% | $283.19m | $2.38b | $6.363b | CL-USDC | $90.29 | -0.79% | -0.229% | -14.28% | 8h | 20x | $12,744 | $286,326 |
| xyz:spcxSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $82.93m | +1.27% | $280.21m | $1.162b | $3.741b | SPCX-USDC | $129.42 | +5.74% | +0.039% | +0.68% | 8h | 20x | $12,609 | $168,361 |
| xyz:sndkSandisk Corporation | Stock Perp | Permissionless | $81.45m | -3.06% | $721.36m | $2.448b | $6.093b | SNDK-USDC | $881.78 | +8.84% | 0% | +0.68% | 8h | 10x | $32,461 | $274,191 |
| xyz:skhySK hynix Inc. ADR | Stock Perp | Permissionless | $62.85m | +14.70% | $240.38m | $877.28m | $2.843b | SKHY-USDC | $128.92 | +6.48% | -0.039% | +0.52% | 8h | 10x | $10,817 | $127,926 |
| xyz:intcIntel Corporation | Stock Perp | Permissionless | $55.17m | +9.51% | $150.99m | $964.48m | $2.061b | INTC-USDC | $54.81 | +6.55% | +0.037% | +0.68% | 8h | 10x | $6,795 | $92,743 |
| xyz:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $53.28m | -5.22% | $347.99m | $1.268b | $3.399b | NVDA-USDC | $189.34 | +4.75% | +0.011% | +0.68% | 8h | 20x | $15,660 | $152,970 |
| xyz:dramRoundhill Memory ETF | ETF Perp | Permissionless | $48.38m | +6.04% | $269.87m | $981.08m | $2.991b | DRAM-USDC | $40.01 | +7.78% | +0.02% | +1.22% | 8h | 20x | $12,144 | $134,578 |
| xyz:crclCircle Internet Group, Inc. | Stock Perp | Permissionless | $47.44m | +0.51% | $108.07m | $514.94m | $1.474b | CRCL-USDC | $69.08 | +2.49% | +0.017% | +0.68% | 8h | 10x | $4,863 | $66,327 |
| xyz:soxlDirexion Daily Semiconductor Bull 3X Shares | ETF Perp | Permissionless | $42.54m | -1.08% | $789.41m | $2.487b | $4.758b | SOXL-USDC | $47.62 | +17.51% | +0.074% | +1.87% | 8h | 10x | $35,523 | $214,096 |
| xyz:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $37.87m | -28.15% | $125.93m | $405.53m | $1.685b | META-USDC | $605.02 | +0.80% | 0% | +0.68% | 8h | 20x | $5,667 | $75,845 |
| xyz:aaplApple Inc. | Stock Perp | Permissionless | $34.5m | +2.21% | $136.39m | $694.95m | $1.2b | AAPL-USDC | $340.19 | -0.55% | -0.029% | -0.66% | 8h | 20x | $6,138 | $53,982 |
| xyz:antAnthropic | PE Perp | Permissionless | $32.02m | -1.66% | $27.11m | $138.77m | $170.5m | ANT-USDC | $107.99 | -1.78% | +0.84% | +0.40% | 8h | 10x | $1,220 | $7,672 |
| xyz:smsnSamsung Electronics Co., Ltd. | Stock Perp | Permissionless | $22.36m | -7.60% | $306.91m | $667.42m | $1.531b | SMSN-USDC | $143.34 | +8.56% | -0.299% | -18.69% | 8h | 10x | $13,811 | $68,882 |
| xyz:mstrStrategy Inc | Stock Perp | Permissionless | $20.08m | +1.09% | $31.8m | $145.37m | $480.12m | MSTR-USDC | $130.09 | +2.83% | +0.092% | +3.54% | 8h | 10x | $14,310 | $216,052 |
| xyz:tslaTesla, Inc. | Stock Perp | Permissionless | $19.1m | -0.54% | $158.72m | $570.57m | $1.787b | TSLA-USDC | $348.47 | +2.92% | +0.02% | +0.68% | 8h | 20x | $7,142 | $80,414 |
About trade[XYZ]
trade[XYZ] is the first HIP-3 builder-deployed perpetual venue on Hyperliquid, launched October 13, 2025 by the Hyperunit team. It operates 24/7 cash-settled perpetual markets covering US equities, ETFs, equity indices (including the world's first officially S&P 500-licensed perpetual via sister deployment ABCD, March 2026), commodities, FX, and pre-IPO/private-company valuations. Markets appear under the xyz namespace and are margined and cash-settled in USDC, giving users synthetic price exposure rather than ownership of the underlying. Cumulative volume since launch has exceeded $100B with an annualized run rate above $600B, accounting for over 35% of all Hyperliquid trading volume.
Entity
Legal entityHyperunit (trade[XYZ])
Primary chainHyperliquid L1
Registry
Operated by the Hyperunit team (also behind Hyperliquid asset-tokenization layer Unit). Core team brings expertise from HRT, Jump Trading, Fortress Investment Group, and US cyber units; founder remains pseudonymous. Markets are deployed under the xyz namespace on Hyperliquid via HIP-3 builder-deployed perpetuals.
Markets
Open Interest by asset group
Asset classes
Fees & revenue
Revenue modelMaker/Taker Fees + Funding Skim
ConfidenceIssuer-Disclosed
Perp Maker Fee3 bps
Perp Taker Fee9 bps
Margin Settlement AssetsUSDC
Fees Last Verified2026-05-11
trade[XYZ] is the largest HIP-3 builder-deployer on Hyperliquid (operates ABCD, COIN, ALPHA, and other namespaces). Under HIP-3, user-facing fees are 2x the standard Hyperliquid validator-perp rate (~7-9 bps taker, ~2-3 bps maker on standard mode; Growth Mode reduces all-in fees by 90%+, to ~0.45-0.9 bps taker). The 50% deployer revenue share goes to trade[XYZ]; the remaining 50% goes to the Hyperliquid protocol. Specific per-market rates vary by Growth Mode setting per asset. Source: https://hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-3-builder-deployed-perpetuals