TradeXYZ's Volume Surges in Perpetual DEX Market

TradeXYZ, an ecosystem project under HIP-3, has seen a significant increase in trading volume, reaching $2.4 billion, according to DefiLlama data. According to BlockBeats, the open interest has also surpassed $2.2 billion, both figures exceeding those of other platforms and currently accounting for 34% of Hyperliquid's total trading volume. In the perpetual decentralized exchange (DEX) market, Hyperliquid, which includes TradeXYZ, recorded a 24-hour trading volume of approximately $7.1 billion and an open interest of about $7.63 billion. TradeXYZ alone reported a 24-hour trading volume of around $2.418 billion and an open interest of approximately $2.233 billion. Other major players in the market include EdgeX, with a 24-hour trading volume of $2.215 billion and an open interest of $1.001 billion; Lighter, with a trading volume of $1.88 billion and an open interest of $661 million; Aster, with a trading volume of $1.829 billion and an open interest of $1.803 billion; and Pacifica, which reported a trading volume of $431 million and an open interest of $78.93 million.