TradeXYZ Q2 trading volume rises 79% to $202 billion

TradeXYZ, a trading platform operating on Hyperliquid, reported a 79.2% increase in trading volume for the second quarter, reaching $202.36 billion. This growth was largely driven by a 377% surge in equity perpetual volume, which hit $58.9 billion.

Revenue for the platform rose 32.9% to $7.59 million. During this period, TradeXYZ expanded its share of HIP-3 volume from 84.5% to 95.1%, following the complete shutdown of competitors Felix, Ventuals, and Dreamcash.

Key market activities included significant volume from Micron ($9.7 billion), SanDisk ($6 billion), and a 2,976% surge in SK Hynix volume to $4.4 billion. The platform also introduced pre-IPO perpetuals for private companies such as SpaceX, Cerebras, and Quantinuum. While commodity trading remained significant, its share of total volume decreased to 43.1%, and forex trading volume fell by 40.9% to $700 million.