# tradeXYZ

> Track tradeXYZ's fees, revenue and active users with daily on-chain data. Compare tradeXYZ with other derivative exchanges. Updated daily.

Source: [tradeXYZ on Token Terminal](https://tokenterminal.com/explorer/projects/tradexyz). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Sectors: Derivative exchanges
- Chains: hypercore

## About

### What it is

tradeXYZ offers USDC-settled perpetual contracts on US equities (TSLA, NVDA, AAPL, MSFT, ...), indices (S&P 500, XYZ100, NIFTY, KR200), commodities (gold, silver, Brent, WTI, copper), and FX (EUR, JPY, GBP, KRW), with leverage from 10x to 50x. All 77+ markets are deployed under the HIP-3 `xyz` namespace and execute on Hyperliquid's HyperCore order book. tradeXYZ runs all markets in HIP-3 growth mode, reducing user-facing fees by 90% versus standard HIP-3.

### Who uses it

tradeXYZ is the first HIP-3 (builder-deployed perpetuals) deployment on Hyperliquid and the dominant builder by open interest, deployed by wallet 0x88806a71d74ad0a510b350545c9ae490912f0888. tradeXYZ is operated as a private company; no token has been issued.

### How it works

tradeXYZ earns a deployer share of trading fees on the perpetual markets it has deployed under Hyperliquid's HIP-3 framework. Markets are executed on Hyperliquid's HyperCore L1 order book; tradeXYZ does not operate its own matching engine. The default HIP-3 fee split allocates 50% of each user-paid fee to Hyperliquid and 50% to the deployer; tradeXYZ's deployerFeeScale is 1.0, so the standard split applies.

## Metrics

Token Terminal tracks these metrics for tradeXYZ daily. Each page has a chart with the full history.

- [Notional trading volume](https://tokenterminal.com/explorer/projects/tradexyz/metrics/notional-trading-volume)
- [Open interest](https://tokenterminal.com/explorer/projects/tradexyz/metrics/open-interest)
- [Fees](https://tokenterminal.com/explorer/projects/tradexyz/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/tradexyz/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/tradexyz/metrics/revenue)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/tradexyz/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/tradexyz/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/tradexyz/metrics/user-mau)
- [Trade count](https://tokenterminal.com/explorer/projects/tradexyz/metrics/trade-count)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/tradexyz/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/tradexyz/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/tradexyz/metrics/take-rate)

## Links

- [website](https://app.trade.xyz/)
- [documentation](https://docs.trade.xyz/)
- [twitter](https://x.com/tradexyz)