trade.xyz

According to The Block, the open interest (OI) of Hyperliquid's HIP-3 market reached a record $1.43 billion last Saturday, growing more than 100 times since the launch of the first HIP-3 markets six months ago.Trade.xyz, built by Hyperliquid's tokenization division Hyperunit, dominates the market, accounting for nearly 90% of the total open interest in HIP-3, with a daily trading volume of $22 billion, representing about 90% of the total activity in HIP-3. Among the top 30 markets on Trade.xyz, only 7 are cryptocurrency trading pairs, while the rest are tokenized "traditional" assets, such as the S&P 500, Nasdaq, equity futures of individual stocks, and commodity contracts like gold, silver, and crude oil.The HIP-3 market operates around the clock, providing price discovery for stocks and commodities during weekends and off-hours when traditional exchanges are closed, attracting a group of investors who previously had no such trading venues.

According to official news, Hyperliquid's on-chain Perp DEX Trade.xyz has announced the activation of cross-margin functionality for the seven major U.S. stocks MAG7 assets (GOOGL, AMZN, AAPL, META, MSFT, NVDA, TSLA) on the mainnet.To achieve the desired cross-margin effect, users should use a unified account or portfolio margin. In standard accounts, cross-margin only shares collateral between positions within the same DEX.