Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid.
Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance.
The S&P500 is synonymous with "the market," a single number that captures the essence of the largest economy in the world. Looking forward to tracking the world's most important financial gauge 24/7 on the most liquid permissionless markets.
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been
@CryptoCoBean the trade.xyz waitlist has been fully opened. there is no volume requirement. xyz markets are also accessible via the hyperliquid frontend as well.
Growth Mode Activated.
Trading fees on all XYZ assets have been reduced by 90%. The highest fee tier is now less than 0.009%.
A new user trading $1,000 of any XYZ asset will pay ~9 cents as a taker and less than ~3 cents as a maker.
XYZ assets are now the cheapest way to access equity perps, any place, anytime.
The mission @tradexyz is to accelerate the future of 24/7 liquid capital markets, a future we believe is both exciting and inevitable.
To achieve this, we’ve meticulously designed and introduced the Perpetual Equity Future: a novel financial derivative enabling 24/7 price discovery in the world’s premier asset class.
Major milestones
- Users have traded over $1 billion in equities volume in the past week alone.
- This morning’s AAPL listing marked the completion of Trade[XYZ]’s first set of equities markets.
- Seamless trading through NVDA earnings event, including significant volume into the overnight session
Today we continue to iterate as we upgrade our oracle mechanism to further facilitate real-time price discovery beyond traditional trading hours.
We appreciate all those who share our vision, and look forward to hearing your feedback as we continue on a journey which has only just started.
Perpetual Renaissance
@Pickle_cRypto@tradexyz it's also important to note that the book may already be trading at or close to fair before the external oracle price "gaps" as more and more price discovery happens on xyz markets in after hours sessions.
again, please read the docs. oracle price is not used for liquidations, mark price is.
oracle price gapping will impact funding, but will not in itself trigger liquidations.
if external price gaps and the market perceives that as true fair, then the book should quickly trade towards it. mark price will thus adjust.
If mark price moves quickly and there is not enough liquidity to absorb liquidations, ADL may be triggered, which is expected behavior and there is no bad debt.
Trade[XYZ] now enables anyone to trade perps on any asset, anytime. Stocks, indices, crypto, and more.
No off-hours, no holidays, just deep liquidity 24/7, 365.
Available now to all users in eligible locations on trade.xyz.
Congratulations to @tradexyz, @ventuals, and @felixprotocol on their HIP-3 launches!
It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance.
On Hyperliquid, hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain infrastructure.
Thank you to the builders working to push the frontiers of onchain finance. Thank you to the users for being there from day one with your support.
@bread_@tradexyz The trade[XYZ] interface is not intended for use by users in restricted jurisdictions. All HIP-3 markets can be traded via the Hyperliquid API as well.
What we are trying to do (whether we succeed or fail) is a small but true step function evolution in finance.
Perpetual equity futures are a novel financial instrument. One which, we believe, have the potential to disrupt capital markets as stablecoins did to the payments space, or as prediction markets did for binary events, notably politics.
Yesterday we witnessed a glimpse of what this could become.
Toward the end of the weekend, XYZ100 persisted a small move to the upside. Smart traders bid (above the oracle price), willing to pay the funding over several hours which they bet (correctly) would be exceeded by the returns of a higher fair after external markets opened.
Friday closed ~$25,360. On Sunday 4pm est, the most accurately priced venue in the world may have been XYZ100 on @HyperliquidX at ~$25,460.
CME was the first traditional venue with a correlated asset to open 1-2 hr later. It opened +80 bps from prev close, confirming the direction and extending the move discovered over the weekend.
Obviously this discovery has been minuscule thus far - not yet significant to affect other markets in any real sense - but it's exciting to see the direction of something so highly anticipated @tradexyz There's a long road ahead.
Perpetual Renaissance.
Hyperliquid.
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