TradeXYZ, a trading platform built on Hyperliquid, processed $202.36 billion in trading volume during the second quarter of 2026, marking a 79.2% increase from the previous quarter as equity perpetuals boosted activity across its onchain markets.
Revenue climbed 32.9% to $7.59 million, supported by higher trading activity in equity-linked derivatives and other markets.
2026 Trade[XYZ] Q2 Report Today, we’re excited to release Trade[XYZ]’s 2026 Q2 Report. While three of its HIP-3 rivals, Felix, Ventuals, and Dreamcash, shut down entirely this quarter, Trade[XYZ] pulled further ahead. Its share of HIP-3 volume climbed from 84.5% to 95.1%.… pic.twitter.com/F2irNgYE2r
— Hyperliquid Research Collective (HRC) (@HyperliquidR) September 1, 2026
Equity Perpetual Trading Accelerates
Equity perpetual trading volume surged 377% to $58.9 billion in the quarter. Commodities remained a significant source of activity, although their share of TradeXYZ’s total volume declined to 43.1% from 67.7%.
Micron generated $9.7 billion in volume, while SanDisk reached $6 billion. Trading volume for SK Hynix rose 2,976% to $4.4 billion.
TradeXYZ also introduced pre-IPO perpetuals linked to companies including Cerebras, SpaceX and Quantinuum. The products allow traders to speculate on private companies before they list publicly.
Related: Hyperliquid Price Prediction September 2026: HYPE Targets $95 as September Bull Run Gains Steam
TradeXYZ Expands HIP-3 Market Share
TradeXYZ’s share of HIP-3 volume increased to 95.1% from 84.5% after three competing deployers — Felix, Ventuals and Dreamcash — shut down during the quarter.
Open interest, which represents the value of outstanding derivative contracts, rose 64.6% to $2.96 billion over the three-month period.
Forex trading moved in the opposite direction, with volume falling 40.9% to $700 million as activity shifted between different markets.
Related: AI Is Taking Power, Not Bitcoin Place, Says ViaBTC CEO
Source: cryptonews.net
