What is Trade[XYZ] on Hyperliquid?
Trade[XYZ] is a builder-deployed HIP-3 perpetual market group on Hyperliquid. Its builder selects markets and operates the deployment while orders use Hyperliquid's underlying trading infrastructure.
Trade[XYZ] | HIP-3 Builder DEX Analytics on Hyperliquid
Real time access to global markets — 24/7 liquidity, pro tools, no gatekeepers
Over the last 30 days Trade[XYZ] processed $72.47B in perpetual futures trading volume across 120 listed markets, with 114,509 unique traders and 32,389,139 trades. Total fees collected: $3.83M. Open interest on Trade[XYZ] (estimated from fills): $4.12B as of 2026-11-02.
Top Trade[XYZ] Markets (30d Volume)
| Rank | Symbol | 30d Volume (USD) | Open Interest (USD) | Trade Count |
|---|---|---|---|---|
| 1 | SKHX | $7.07B | n/a | 2,719,982 |
| 2 | XYZ100 | $6.67B | n/a | 799,441 |
| 3 | SP500 | $6.12B | n/a | 603,271 |
| 4 | CL | $4.86B | n/a | 1,067,071 |
| 5 | SNDK | $4.22B | n/a | 1,731,702 |
| 6 | BRENTOIL | $3.30B | n/a | 900,899 |
| 7 | SPCX | $3.06B | n/a | 938,176 |
| 8 | MU | $2.99B | n/a | 1,340,836 |
| 9 | SILVER | $2.70B | n/a | 623,407 |
| 10 | SOXL | $2.63B | n/a | 1,012,004 |
| 11 | NVDA | $2.39B | n/a | 758,760 |
| 12 | SKHY | $2.28B | n/a | 1,249,235 |
| 13 | DRAM | $2.27B | n/a | 1,003,449 |
| 14 | GOOGL | $1.87B | n/a | 568,165 |
| 15 | INTC | $1.60B | n/a | 881,643 |
| 16 | META | $1.37B | n/a | 503,960 |
| 17 | TSLA | $1.33B | n/a | 658,701 |
| 18 | GOLD | $1.28B | n/a | 241,228 |
| 19 | CRCL | $1.10B | n/a | 692,858 |
| 20 | SMSN | $987.17M | n/a | 1,113,415 |
![Trade[XYZ] logo](/_next/image?url=%2Fhip3%2Ftradexyz.jpg&w=64&q=75){kind=small}
Trade[XYZ]
HIP-3 perpetual DEX on Hyperliquid — Volume, open interest, traders & feesTrade Analytics
Open Interest
Open Interest - Trade[XYZ]
| Symbol | Mark Price | Open Interest | Volume (All Time) | Traders (All Time) | Fees (All Time) | Trades (All Time) | Chart |
|---|---|---|---|---|---|---|---|
FAQs
Trade[XYZ] market questions
The dashboard attributes Trade[XYZ] volume, open interest, trades, traders, fees, and symbol activity across its builder-deployed perpetual markets.
What does Trade[XYZ] trading volume measure?
It is the notional value traded in the tracked Trade[XYZ] perpetual markets during the selected period. It measures turnover, not capital deposited or positions still open.
How much risk is positioned on Trade[XYZ]?
Open interest estimates the notional value of outstanding Trade[XYZ] perpetual positions. Compare it with volume to distinguish retained exposure from rapid turnover.
How active are traders on Trade[XYZ]?
Unique traders measure participation breadth, while trade count and volume measure activity. Together they show whether Trade[XYZ] usage is broad or concentrated among a small number of active accounts.
What fees are generated by Trade[XYZ]?
The analytics aggregate reported fees associated with tracked trading activity. Fees should be compared with volume and trade count because a larger fee total can reflect either more activity or a different fee mix.