1 week ago
Trade.xyz Tests 24/7 Blockchain Markets With $500 Billion Volume
Trade.xyz is a small company building markets that can operate all day and night using blockchain.
It has a team of about a dozen people.
The company created contracts linked to things such as oil, precious metals and stock indexes.
It also created a contract linked to SpaceX, a company that may go public.
These contracts are called perpetual futures.
Trade.xyz launched the markets in October.
Since then, people have traded about $500 billion worth through them.
The markets make up more than 99% of activity on Hyperliquid’s HIP-3 system.
Trade.xyz has spent less than a year building perpetual futures markets on blockchain.
Its markets cover crude oil, precious metals, stock indexes and companies nearing public listings.
The startup, operated by a team of about a dozen, launched the markets in October.
The markets have generated approximately $500 billion in trading volume since launch.
Trade.xyz accounts for more than 99% of activity on Hyperliquid’s third-party HIP-3 market system.
- Who
- Trade.xyz, a startup run by a team of about a dozen people.
- What
- It created blockchain-based perpetual futures markets tied to commodities, stock indexes and companies nearing public listings.
- Where
- The markets operate through Hyperliquid’s third-party market system, known as HIP-3.
- When
- The markets launched in October and have operated for less than a year.
- Why
- To build markets that operate 24 hours a day, seven days a week.
Key facts
- Startup
- Trade.xyz
- Team size
- About a dozen people
- Launch
- October
- Markets
- Crude oil, precious metals, stock indexes and companies about to go public
- Trading volume
- Approximately $500 billion since launch
- Market-system share
- More than 99% of activity across Hyperliquid’s HIP-3 system
- Contract type
- Perpetual futures
Sources
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