Website: https://trade.xyz/

Twitter: https://x.com/tradexyz

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• TradeXYZ, launched in 2025 on Hyperliquid, uses HIP-3 to bridge TradFi and DeFi. It offers 24/7 cross-asset perps, flagship indices like XYZ100, and spot markets, enabling users to hedge, trade leveraged strategies, and build custom apps via Hyperliquid APIs

• TradeXYZ outperforms competitors by offering stock and crypto perps with zero fees, 10x leverage, and Hyperliquid’s unmatched L1 speed, making it one of the most accessible TradFi-to-DeFi bridges

• TradeXYZ’s mostly pseudonymous team, connected to Hyperliquid contributors, is self-funded through the Hyperliquid ecosystem, with growth boosted by HIP-3 grants and other ecosystem incentives

• The platform prioritizes Hyperliquid users with over $5M traded. Early users could be eating good, so join the waitlist before the public launch!

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• TradeXYZ was built to solve crypto’s major trading pain points, including limited assets and high entry barriers, with the goal of giving users access to global markets

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• Perpetual: Cross-asset perpetual futures with up to 10x leverage on BTC, ETH, TSLA, NVDA, trading 24/7 via Hyperliquid’s orderbook

• Equities (XYZ100): Flagship synthetic index of 100 top assets with dynamic OI caps (e.g., $100M in Oct 2025) to manage risk and liquidity

• Spot: Spot markets via the Unit Protocol let users trade tokenized native-chain assets on Hyperliquid separately from perps, though they can’t be used as perp collateral

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• Cross-Asset Hedging: XYZ100 perps enable diversification across stocks, commodities, and forex, minimizing conversion risks

• High-Frequency & Leveraged: Up to 10x leverage and deep liquidity support day trading and arbitrage with minimal slippage

• Global Access: Enables borderless trading with crypto collateral, reaching users with limited TradFi access

• Retail & Institutional Trading: 24/7 access to equities and crypto, ideal for overnight hedging or NVDA speculation, without exchange hours or fiat ramps

• DeFi Composability: Hyperliquid APIs let developers create custom apps, like trading bots or perp-based yield strategies

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• Lighter is a high-performance Ethereum ZK-rollup offering millisecond latency, near-zero fees, and tens of thousands of orders per second with custom ZK circuits for on-chain transparency and security, having raised $89M from top-tier investors including Founders Fund, Ribbit Capital, Robinhood, and Haun Ventures

• Drift Protocol, Solana’s perp DEX, offers CEX-like speed (100ms finality), cross-margin trading, deep liquidity, low fees, and yield-bearing deposits, with a current FDV of around $300M

• Ostium Labs is an Arbitrum-based RWA perp platform offering up to 200x leverage, and Polymarket integration, capturing ~10% of DEX RWA perp volume in 2025, and raised $3.5M from notable investors including Balaji

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• TradeXYZ’s team is mostly pseudonymous, linked to Hyperliquid contributors, with a small core focused on engineering and outreach via support channels

• Self-funded via Hyperliquid ecosystem, with growth driven by HIP-3 grants and ecosystem incentives

• Scalability limited by waitlist and OI caps (e.g., $100M XYZ100, $25M NVDA/TSLA) to prevent liquidations

• Synthetic perps on assets like TSLA face potential SEC scrutiny as unregistered securities

• High 10x leverage and dependence on Hyperliquid increase exposure to volatility, downtime, etc

• Competition includes Ethereum/Solana-based perps and centralized platforms with wider TradFi offerings

• I think the biggest value prop is how TradeXYZ brings real Wall Street assets directly into Main Street wallets, 24/7, leveraged, permissionless trading feels like a real unlock

• Seeing $1.3B+ volume in just three weeks honestly surprised me. Combined with Hyperliquid’s rock-solid infra and the pace they’re expanding assets, I think they’re well-positioned to ride the next DeFi growth wave

• I also really like their RWA-first design and OI risk control, this is what makes them stand out as the most resilient and scalable synthetic asset platform

• Compared to competitors, I personally feel TradeXYZ clearly outshines Ostium’s high fees, Lighter’s ZK overhead, and Drift’s crypto-only focus. For retail and institutional stock perps, it’s hard to find a better fit

• And with their early-access setup, and strong airdrop speculation, I think early users are getting meaningful upside. Public launch is almost here, if you want in, now’s the time to join the waitlist

Chung