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  1. Home
  2. Projects
  3. Hyperliquid
  4. Vs
  5. Tradexyz

Hyperliquid vs tradeXYZ

Compare Hyperliquid and tradeXYZ on TVL, fees, revenue and activity to understand how these projects stack up.

$6.314B
The Hyperliquid Bridge settles deposits and withdrawals between Ethereum and Hyperliquid’s Layer‑2 exchange once two‑thirds of validator stake signs the transaction. A light‑client circuit batches proofs so users receive near‑instant credit on Hyperliquid while final settlement finality matches Ethereum’s L1. Since launch in February 2025, average bridge latency has been under 90 seconds with no recorded reorg incidents.
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tradeXYZ is the first HIP-3 deployment on Hyperliquid, enabling 24/7 trading of XYZ perpetual futures with deep, on-chain liquidity. It introduces a new class of financial primitives where equity-like assets and crypto markets coexist under one unified, high-performance engine. Built on Hyperliquid’s low-latency L1, tradeXYZ offers near-instant execution, efficient margining and robust risk controls. Users can access around-the-clock equity exposure through XYZ perps, trade spot crypto at industry-low fees, and speculate or hedge with leverage on Hyperliquid perpetuals. By combining permissionless access, powerful tooling and novel market structures, tradeXYZ advances the vision of open, global capital markets where anyone can trade anything, anytime.
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Key Metrics Comparison

Hyperliquid
TVL
$6.314B
24h Volume
$45.06M
24h Fees
$744.9K
24h Revenue
$542.2K
30d Fees
$57.63M
30d Revenue
$41.04M
7d TVL Change
-17.94%
Dominance
2.64%
tradeXYZ
TVL
N/A
24h Volume
$531.57M
24h Fees
$67.4K
24h Revenue
$20K
30d Fees
$7.74M
30d Revenue
$2.8M
7d TVL Change
N/A
Dominance
0.00%

Category Performance

Visual comparison across key categories. Ring fill represents relative strength or share between the two assets.

TVL Share

Share of combined TVL

TVL Share
Hyperliquid
1.0%
tradeXYZ
1.0%

Volume Share

Share of combined 24h volume

Volume Share
Hyperliquid
7.8%
tradeXYZ
92.2%

Fees Share

Share of combined 24h fees

Fees Share
Hyperliquid
91.7%
tradeXYZ
8.3%

Revenue Share

Share of combined 24h revenue

Revenue Share
Hyperliquid
96.4%
tradeXYZ
3.6%

7d TVL Performance

TVL change over last 7 days

7d TVL Performance
Hyperliquid
-17.94%
tradeXYZ
N/A

Dominance

Market dominance by TVL

Dominance
Hyperliquid
2.6%
tradeXYZ
0.0%