Trade.xyz's HIP-3 Contract Volume Sees Significant Growth

Trade.xyz's HIP-3 traditional asset contracts reached a total trading volume of $2.16 billion on the previous trading day, marking a 20% increase compared to the 7-day average. According to BlockBeats On-chain Detection, the traditional market, including ETFs, futures, and cash stocks, recorded a trading volume of approximately $1.56 trillion during the same period. This positions Trade.xyz's volume at about 0.139% of the overall traditional market. When comparing specific sectors, the penetration rate of on-chain RWA contracts into traditional markets varies across different assets: Commodities: For Brent crude oil, using the previous trading day's volume of the main futures contract on the New York Mercantile Exchange as a benchmark, Trade.xyz's Brent contract volume reached about 29.7% of that. The WTI crude oil contract volume on Trade.xyz was approximately 2.31% of the main futures contract. Combined, the two oils accounted for about 32%, with WTI crude oil being the largest single market on Trade.xyz, reaching $475 million in volume. U.S. Stocks: In the traditional market, Trade.xyz's contract volumes for Micron Technology (MU) and NVIDIA (NVDA) represented approximately 0.278% and 0.14% of the global traditional securities market's actual stock trading, with respective trading amounts of $163 million and $85.11 million.