tradeXYZ: HIP-3 perpetuals on Hyperliquid
tradeXYZ deploys the xyz perpetual markets on HyperCore and provides a trading interface. These are two distinct roles. This ecosystem profile is excluded from directory venue counts, rankings and combined totals.
Deployment data
- Comparable open interest
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- Native API OI notional (unreconciled)
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- Rolling 24h volume
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Fetched 2026-11-02T12:43:50.983840+00:00. Source timestamp unavailable. Listed xyz HIP-3 perpetuals only; OI=sum(openInterest*markPx); native OI side-counting not reconciled; volume=sum(dayNtlVlm), venue rolling window; USDC collateral, USD convention without an independent USDC/USD conversion. Delisted markets excluded; no native, other HIP-3, spot or HIP-4 markets. Raw SHA-256: 5cdef0ea Capture is older than 24 hours or future-dated; current values are unavailable.
What executes the trades?
Hyperliquid’s HyperCore matches orders, maintains balances and settles positions through its validator set. tradeXYZ sets listings, oracle inputs, leverage limits and other parameters for its xyz HIP-3 deployment. The interface can also access other Hyperliquid markets and is not the exclusive interface for xyz.
Which products are excluded?
Native Hyperliquid perpetuals, other builders’ HIP-3 markets, spot trading and tradeXYZ’s separate txyz HIP-4 event contracts are outside this snapshot. Event contracts are not perpetual futures. Interface-wide activity is not deployment activity.
Can these figures be added to Hyperliquid?
Do not add these figures to the directory total. The published DefiLlama source reviewed on 2 November 2026 at commit 3d3e976a7687 aggregates native and HIP-3 deployments and halves native OI. The previous core-only label is not supported for that reviewed implementation. This review does not establish which code produced earlier API snapshots, their historical deployment coverage or their observation times. The nearby-time component check is consistent with the current aggregate, but is not a same-time reconciliation. Native OI notional above stays unreconciled; no child value is added to directory totals. Fees, token rights and comparable historical growth remain unverified here.
Sources and checks
- tradeXYZ deployment and interface boundaries
- Perpetuals versus Events
- DefiLlama OI aggregation helper (scope review)
- Hyperliquid official info API
Architecture reviewed 2 November 2026. A market’s presence in metadata does not guarantee it is accepting orders. Compare the roles of trading interfaces.