Hyperliquid’s HIP-3 market’s share of platform perpetual futures trading volume has risen from about 2% at the start of the year to nearly 50%, mainly driven by demand for on-chain stock trading. TradeXYZ is currently the largest participant, offering XYZ100 to track the Nasdaq 100 index, as well as perpetual contracts for individual stocks such as Nvidia and Tesla, all settled in stablecoins. (The Block)

NAS100-0.02%
NVDAX-1.06%
TSLAX-0.80%
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0xPeachy
· 6h ago
This on-chain rally of trading US stocks is really fierce; the TradFi wall is about to be smashed.
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TheMoonReflectsOnTheTranquil
· 6h ago
Nasdaq 100 is being tokenized on-chain—does this count as RWA or just pure derivatives? The definition is unclear.
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SlippageSkeptic
· 6h ago
Stablecoin settlement stock-options contracts—regulators took one look and shook their heads, but as long as users are happy, that’s all that matters
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NeonHalf-MeltedIceCream
· 6h ago
HIP-3’s share increased from 2% to 50% in half a year—this growth rate is even crazier than the DeFi summer.
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GateUser-e3701961
· 6h ago
NVIDIA perpetual contract… keeping an eye on the charts 24 hours a day without sleep—every “cabbage” life matters too.
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ThetaSideEye
· 6h ago
How’s the liquidity of TradeXYZ’s XYZ100? Is the slippage high? Has anyone tested it in practice?
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