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trade[XYZ]
DEXOpen Interest
$2.119bKey Metrics
Volume (30d)$80.372b
7d$26.316b
24h$4.572b
All-time$662.177b
Turnover (30d)37.9x
Markets109
Reference Assets109
Asset Groups12
Share of DEX OI59.2%
Est. Fees (30d)$4.45m
24h$246,379
All-time$39.5m
Est. Annual$54.16m
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| xyz:sp500S&P 500 Index | Equity Perp | Permissionless | $186.86m | -0.40% | $305m | $1.874b | $6.639b | SP500-USDC | $7,549 | +0.04% | -0.016% | +0.68% | 8h | 50x | $13,725 | $298,737 |
| xyz:brentoilCrude Oil (Brent) | Commodity Perp | Permissionless | $165.27m | -5.97% | $473.69m | $1.475b | $4.123b | BRENTOIL-USDC | $103.23 | -1.16% | 0% | +0.68% | 8h | 20x | $21,316 | $185,524 |
| xyz:goldGold | Commodity Perp | Permissionless | $160.63m | +1.09% | $80.61m | $423.55m | $1.419b | GOLD-USDC | $3,951 | +0.15% | +0.035% | +0.98% | 8h | 25x | $36,276 | $638,624 |
| xyz:googlAlphabet Inc. | Stock Perp | Permissionless | $139.85m | -1.13% | $97.35m | $1.051b | $2.037b | GOOGL-USDC | $280.49 | +0.06% | +0.078% | +3.21% | 8h | 20x | $4,381 | $91,673 |
| xyz:xyz100Nasdaq-100 Index | Equity Perp | Permissionless | $139.43m | -4.10% | $399.28m | $2.116b | $7.408b | XYZ100-USDC | $28,194 | +0.40% | +0.035% | +0.68% | 8h | 30x | $17,968 | $333,352 |
| xyz:clCrude Oil (WTI) | Commodity Perp | Permissionless | $130.33m | +12.89% | $580.07m | $2.185b | $5.749b | CL-USDC | $95.65 | -0.86% | +0.008% | +0.68% | 8h | 20x | $26,103 | $258,726 |
| xyz:skhxSK hynix Inc. | Stock Perp | Permissionless | $128.89m | -4.49% | $300.52m | $2.62b | $7.535b | SKHX-USDC | $1,072 | +1.61% | -0.13% | -5.27% | 8h | 10x | $13,523 | $339,079 |
| xyz:silverSilver | Commodity Perp | Permissionless | $104.2m | +0.89% | $206.39m | $976.86m | $3.085b | SILVER-USDC | $50.15 | -1.01% | +0.052% | +1.25% | 8h | 25x | $9,288 | $138,820 |
| xyz:spcxSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $85.76m | +1.49% | $92.95m | $676.03m | $3.25b | SPCX-USDC | $137.85 | +0.35% | +0.058% | +1.95% | 8h | 20x | $4,183 | $146,249 |
| xyz:sndkSandisk Corporation | Stock Perp | Permissionless | $77.88m | +3.86% | $246.59m | $1.459b | $4.694b | SNDK-USDC | $1,125 | +2.29% | +0.062% | +2.15% | 8h | 10x | $11,097 | $211,210 |
| xyz:intcIntel Corporation | Stock Perp | Permissionless | $61.43m | +4.92% | $109.51m | $888.28m | $1.798b | INTC-USDC | $62.39 | +3.07% | +0.037% | +0.81% | 8h | 10x | $4,928 | $80,914 |
| xyz:metaMeta Platforms, Inc. | Stock Perp | Permissionless | $56.35m | +1.37% | $26.42m | $263.03m | $1.42b | META-USDC | $609.82 | +0.38% | +0.044% | +1.07% | 8h | 20x | $1,189 | $63,880 |
| xyz:skhySK hynix Inc. ADR | Stock Perp | Permissionless | $54.67m | -0.40% | $92.5m | $824.48m | $2.449b | SKHY-USDC | $152.63 | +1.93% | 0% | -0.29% | 8h | 10x | $4,163 | $110,189 |
| xyz:nvdaNVIDIA Corporation | Stock Perp | Permissionless | $48.24m | -8.85% | $128.46m | $563.66m | $2.6b | NVDA-USDC | $207.02 | +1.70% | +0.005% | +0.68% | 8h | 20x | $5,781 | $116,998 |
| xyz:muMicron Technology, Inc. | Stock Perp | Permissionless | $47.71m | +1.80% | $128.29m | $1.116b | $3.237b | MU-USDC | $865.52 | +2.18% | +0.037% | +0.68% | 8h | 10x | $5,773 | $145,685 |
| xyz:dramRoundhill Memory ETF | ETF Perp | Permissionless | $44.39m | +11.10% | $121.69m | $786.45m | $2.47b | DRAM-USDC | $47.99 | +1.25% | +0.04% | +0.68% | 8h | 20x | $5,476 | $111,153 |
| xyz:aaplApple Inc. | Stock Perp | Permissionless | $36.82m | -6.24% | $152.41m | $433.03m | $858.54m | AAPL-USDC | $325.58 | -0.98% | +0.003% | +1.21% | 8h | 20x | $6,859 | $38,634 |
| xyz:crclCircle Internet Group, Inc. | Stock Perp | Permissionless | $33.83m | +0.29% | $83.78m | $418.6m | $1.262b | CRCL-USDC | $72.84 | +0.60% | +0.008% | +0.68% | 8h | 10x | $3,770 | $56,771 |
| xyz:antAnthropic | PE Perp | Permissionless | $23.64m | +8.06% | $15.22m | $80.15m | $91.17m | ANT-USDC | $111.96 | +3.43% | -1.078% | -0.67% | 8h | 10x | $684.88 | $4,103 |
| xyz:mstrStrategy Inc | Stock Perp | Permissionless | $21.09m | -0.49% | $11.2m | $109.25m | $436.84m | MSTR-USDC | $131.97 | +0.35% | +0.015% | +0.68% | 8h | 10x | $5,038 | $196,580 |
| xyz:smsnSamsung Electronics Co., Ltd. | Stock Perp | Permissionless | $21m | -6.60% | $49.18m | $352.61m | $1.065b | SMSN-USDC | $167.64 | +1.85% | -0.066% | -1.15% | 8h | 10x | $2,213 | $47,935 |
| xyz:tslaTesla, Inc. | Stock Perp | Permissionless | $20.57m | -0.91% | $53.52m | $297.01m | $1.433b | TSLA-USDC | $406.93 | +0.45% | -0.017% | +0.63% | 8h | 20x | $2,408 | $64,488 |
| xyz:nbisNebius Group N.V. | Stock Perp | Permissionless | $20.19m | +5.66% | $33.98m | $196.34m | $649.01m | NBIS-USD | $147.42 | +1.65% | +0.054% | +0.73% | 8h | 10x | $1,529 | $29,206 |
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