Ask about trade[XYZ] RWA Perps · free![trade[XYZ] logo](https://icons.llamao.fi/icons/rwa/tradexyz?w=48&h=48)
trade[XYZ]
DEXOpen Interest
$3.816bKey Metrics
Volume (30d)$58.423b
7d$17.687b
24h$2.97b
All-time$606.96b
Turnover (30d)15.3x
Markets106
Reference Assets106
Asset Groups12
Share of DEX OI68.4%
Est. Fees (30d)$3.47m
24h$153,769
All-time$36.78m
Est. Annual$42.22m
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| xyz:sp500S&P 500 Index | Equity Perp | Permissionless | $391.42m | +6.43% | $158.63m | $1.386b | $5.834b | SP500-USDC | $7,802 | +0.07% | -0.038% | -5.24% | 1h | 50x | $7,139 | $262,527 |
| xyz:skhxSK hynix Inc. | Stock Perp | Permissionless | $308.53m | +13.86% | $351.37m | $1.376b | $4.389b | SKHX-USDC | $1,100 | -5.38% | +0.026% | +5.48% | 1h | 10x | $15,812 | $197,525 |
| xyz:goldGold | Commodity Perp | Permissionless | $305.6m | -3.36% | $30.36m | $406.84m | $1.476b | GOLD-USDC | $4,165 | -0.11% | +0.032% | +5.48% | 1h | 25x | $13,663 | $664,053 |
| xyz:xyz100Nasdaq-100 Index | Equity Perp | Permissionless | $264.53m | +8.85% | $165.49m | $1.828b | $6.23b | XYZ100-USDC | $30,533 | -0.32% | +0.034% | +5.48% | 1h | 30x | $7,447 | $280,335 |
| xyz:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $202.19m | -3.67% | $125.48m | $1.128b | $3.961b | BRENTOIL-USDC | $103.06 | -0.72% | -0.449% | -228% | 1h | 20x | $5,647 | $178,238 |
| xyz:googlAlphabet Inc. | Stock Perp | Permissionless | $181.49m | +15.97% | $97.8m | $343.46m | $893.58m | GOOGL-USDC | $354.69 | +0.50% | +0.02% | +14.25% | 1h | 20x | $4,401 | $40,211 |
| xyz:silverSilver | Commodity Perp | Permissionless | $146.77m | -9.41% | $106.09m | $918.65m | $3.203b | SILVER-USDC | $59.33 | -1.49% | +0.018% | +5.48% | 1h | 25x | $4,774 | $144,138 |
| xyz:sndkSandisk Corporation | Stock Perp | Permissionless | $143.31m | +14.52% | $300.48m | $1.308b | $3.396b | SNDK-USDC | $1,447 | -2.24% | +0.025% | +5.48% | 1h | 10x | $13,522 | $152,813 |
| xyz:skhySK hynix Inc. ADR | Stock Perp | Permissionless | $139.38m | +13.15% | $118.11m | $515.02m | $1.529b | SKHY-USDC | $155.95 | -3.99% | -0.046% | -3.71% | 1h | 10x | $5,315 | $68,825 |
| xyz:clCrude Oil (WTI) | Commodity Perp | Permissionless | $131.77m | -0.74% | $126.9m | $1.27b | $5.646b | CL-USDC | $93.26 | +0.38% | -0.212% | -93.28% | 1h | 20x | $5,711 | $254,062 |
| xyz:muMicron Technology, Inc. | Stock Perp | Permissionless | $130.28m | +17.79% | $165.08m | $672.75m | $2.476b | MU-USDC | $937.85 | -5.10% | +0.048% | +12.62% | 1h | 10x | $7,429 | $111,431 |
| xyz:spcxSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $125.76m | +1.30% | $68.46m | $869.22m | $2.084b | SPCX-USDC | $156.85 | -4.41% | +0.036% | +7.91% | 1h | 20x | $3,081 | $93,787 |
| xyz:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $125.7m | +19.38% | $176.69m | $723.14m | $1.82b | NVDA-USDC | $227.38 | +0.46% | -0.013% | +5.48% | 1h | 20x | $7,951 | $81,903 |
| xyz:crclCircle Internet Group, Inc. | Stock Perp | Permissionless | $125.37m | -10.78% | $62.53m | $294.98m | $1.14b | CRCL-USDC | $84.33 | +1.95% | +0.069% | +32.58% | 1h | 10x | $2,814 | $51,320 |
| xyz:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $76.4m | +29.57% | $99.7m | $291.17m | $1.422b | META-USDC | $764.47 | +2.65% | +0.035% | +5.78% | 1h | 20x | $4,487 | $63,975 |
| xyz:dramRoundhill Memory ETF | ETF Perp | Permissionless | $72.26m | -6.33% | $88.84m | $466.37m | $1.424b | DRAM-USDC | $52.43 | -4.07% | +0.045% | +10.75% | 1h | 20x | $3,998 | $64,091 |
| xyz:intcIntel Corporation | Stock Perp | Permissionless | $59.78m | +13.99% | $62.74m | $314.41m | $1.027b | INTC-USDC | $102.20 | +1.29% | +0.027% | +5.48% | 1h | 10x | $2,823 | $46,202 |
| xyz:mstrStrategy Inc | Stock Perp | Permissionless | $47.5m | +3.56% | $14.84m | $102.27m | $415.79m | MSTR-USDC | $152.02 | +0.18% | +0.003% | +5.48% | 1h | 10x | $6,678 | $187,107 |
| xyz:cbrsCerebras Systems Inc. | Stock Perp | Permissionless | $45.07m | -13.53% | $26.62m | $280.68m | $465.64m | CBRS-USDC | $148.85 | +0.92% | -0.038% | +5.48% | 1h | 10x | $1,198 | $20,954 |
| xyz:tslaTesla, Inc. | Stock Perp | Permissionless | $39.74m | -3.39% | $23.7m | $164.85m | $541.81m | TSLA-USDC | $373.98 | -1.15% | +0.02% | +5.48% | 1h | 20x | $1,067 | $24,382 |
| xyz:aaplApple Inc. | Stock Perp | Permissionless | $38.51m | +10.35% | $44.25m | $124.16m | $474.82m | AAPL-USDC | $342.10 | +0.67% | -0.02% | +5.48% | 1h | 20x | $1,991 | $21,367 |
| xyz:gmeGameStop Corp. | Stock Perp | Permissionless | $36.54m | +56.43% | $19.41m | $63.58m | $91.44m | GME-USDC | $27.43 | +1.83% | +0.109% | +51.98% | 1h | 10x | $873.33 | $4,115 |
| xyz:soxlDirexion Daily Semiconductor Bull 3X ETF | ETF Perp | Permissionless | $35.09m | +29.45% | $76.23m | $358.44m | $439.14m | SOXL-USDC | $124.59 | -2.70% | +0.06% | +15.19% | 1h | 10x | $3,430 | $19,762 |
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
Margin Settlement AssetsUSDC (Hyperliquid)
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