TradeXYZ's dominance in equity, commodity and index perps isn't an existential threat to Hyperliquid, it's a growth engine driving users, fees and HYPE buybacks

𝕏/@kidponga •

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83 active xyz markets now carry about $2.85B OI and $2.6B in 24h notional on Hyperliquid API; SP500, SPCX, CL/BRENTOIL, GOLD and SILVER are already sitting in the top books. HIP-3 makes that accretive because deployers bond 500k HYPE and users pay 2x validator-perp fees while the protocol keeps the same fee take, but the stress point moves to oracle quality and slashing when SPCX/CBRS-style pre-IPO marks have no clean exchange close.

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TradeXYZ's dominance in equity, commodity and index perps isn't an existential threat to Hyperliquid, it's a growth engine driving users, fees and HYPE buybacks

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TradeXYZ's dominance in equity, commodity and index perps isn't an existential threat to Hyperliquid, it's a growth engine driving users, fees and HYPE buybacks

Explore the topic

More on Hyperliquid

Hyperliquid Policy Center and Phantom ask CFTC to clear U.S. path for derivatives markets to run onchain

Valr to launch cross-asset perpetuals with Hyperliquid integration on July 6

Hyperliquid posts $283M in buybacks as 8 crypto projects outpace supply growth since January

TradingView adds Hyperliquid and Trade[XYZ] perps data as Hyperliquid tops $4T cumulative volume

VALR becomes first major regulated exchange to integrate Hyperliquid for 200+ cross-asset perps markets

Hyperliquid users report funds stuck in Unit bridge on Base due to guardian set consensus failure on flagged funds. Users demand refunds and validator integration for stronger fund safety measures.

Hyperliquid Policy Center and Phantom ask CFTC to clear U.S. path for derivatives markets to run onchain

Valr to launch cross-asset perpetuals with Hyperliquid integration on July 6

Hyperliquid posts $283M in buybacks as 8 crypto projects outpace supply growth since January

TradingView adds Hyperliquid and Trade[XYZ] perps data as Hyperliquid tops $4T cumulative volume

VALR becomes first major regulated exchange to integrate Hyperliquid for 200+ cross-asset perps markets

Hyperliquid users report funds stuck in Unit bridge on Base due to guardian set consensus failure on flagged funds. Users demand refunds and validator integration for stronger fund safety measures.

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