The post Tokenized Nasdaq Futures Enter Top 10 by Volume on Hyperliquid appeared on BitcoinEthereumNews.com. The HIP-3 offering from TradeXYZ has become the 10th-most-traded asset on Hyperliquid over the last 24 hours. Hyperliquid’s HIP-3 upgrade, which enables permissionless perpetuals markets, launched two weeks ago, and TradeXYZ’s XYZ100 market is gaining traction as it breaks into the exchange’s top 10 assets by daily volume while competitors debate its efficiency. TradeXYZ is the perpetuals arm of Unit, the Hyperliquid tokenization layer. The protocol’s XYZ100 market was the first HIP-3 deployment, tracking Nasdaq futures, one of traditional finance’s largest equity indices. Following a short sign-up and referral campaign, TradeXYZ began gradually rolling out platform access to waitlisted users, and was launched to the public on Hyperliquid’s front end this weekend, resulting in a huge surge of volume and open interest. Over the last 24 hours, XYZ100 has generated $72 million in volume with $55 million in open interest. Top Perps by Volume – Hyperliquid To keep up with demand, the platform has had to repeatedly raise its open interest cap, from just $25 million on Oct. 22 to $60 million today. It’s worth noting, however, that despite the platform’s success within the niche tokenized equity futures market, its volumes are still just a drop in the bucket when compared to traditional markets. The E-mini Nasdaq-100 (NQ) futures contracts that XYZ100 tracks traded more than $225 billion in volume on October 2. Crypto investor Flood, who has been an avid supporter of Hyperliquid since pre-TGE, called it a “true 0 to 1 moment for Global Finance.” “There is no other venue in the world where you can trade equities onchain, on a CLOB, permissionlessly, 24/7. This is the only relevant equity market in the world open through the weekend. There are hundreds of millions of households around the world that would like access to equities but cannot, and this… The post Tokenized Nasdaq Futures Enter Top 10 by Volume on Hyperliquid appeared on BitcoinEthereumNews.com. The HIP-3 offering from TradeXYZ has become the 10th-most-traded asset on Hyperliquid over the last 24 hours. Hyperliquid’s HIP-3 upgrade, which enables permissionless perpetuals markets, launched two weeks ago, and TradeXYZ’s XYZ100 market is gaining traction as it breaks into the exchange’s top 10 assets by daily volume while competitors debate its efficiency. TradeXYZ is the perpetuals arm of Unit, the Hyperliquid tokenization layer. The protocol’s XYZ100 market was the first HIP-3 deployment, tracking Nasdaq futures, one of traditional finance’s largest equity indices. Following a short sign-up and referral campaign, TradeXYZ began gradually rolling out platform access to waitlisted users, and was launched to the public on Hyperliquid’s front end this weekend, resulting in a huge surge of volume and open interest. Over the last 24 hours, XYZ100 has generated $72 million in volume with $55 million in open interest. Top Perps by Volume – Hyperliquid To keep up with demand, the platform has had to repeatedly raise its open interest cap, from just $25 million on Oct. 22 to $60 million today. It’s worth noting, however, that despite the platform’s success within the niche tokenized equity futures market, its volumes are still just a drop in the bucket when compared to traditional markets. The E-mini Nasdaq-100 (NQ) futures contracts that XYZ100 tracks traded more than $225 billion in volume on October 2. Crypto investor Flood, who has been an avid supporter of Hyperliquid since pre-TGE, called it a “true 0 to 1 moment for Global Finance.” “There is no other venue in the world where you can trade equities onchain, on a CLOB, permissionlessly, 24/7. This is the only relevant equity market in the world open through the weekend. There are hundreds of millions of households around the world that would like access to equities but cannot, and this…