TradeXYZ is raising $200M at a $1.5B valuation? I heard it from some people I know, and I’ve been seeing posts about it all over CT. What are the odds this is actually true and TradeXYZ becomes the first project in Hyperliquid history to pull in record-breaking VC funding in a bear market? Honestly, I feel like there’s a really solid chance this isn’t just noise. More often than not, rumors like this end up being real. Sure, TradeXYZ already has great revenue, but VCs bring way more than just cash to the table. They help with advisory, legal, networking, lobbying and a lot of other stuff. I still lean towards believing it's true.

TradeXYZ, the top deployer of HIP-3 perps markets on Hyperliquid, is reimbursing traders for liquidations resulting from an accurate but anomalous third-party price feed reading. Notably, the hiccup came from the traditional financial system, not crypto. More here 👇

TradeXYZ has now flipped Hyperliquid’s native markets in daily perp volume for a third consecutive day. TradeXYZ markets are still in growth mode, meaning all-in fees discounted ≥90% (0.9bps base taker vs 9bps standard), split 50/50 with Hyperliquid. Has anyone modeled the incremental HL revenue once growth mode ends? Wonder how much of this flow survives a 10x increase in fees.

.@tradexyz's SKHX, MU and SNDK lead HIP-3 volumes on @HyperliquidX SKHX is currently the third highest volume asset at 806M USD over the past 24 hours, behind only BTC (2.72B USD) and ETH (967M USD)

The @tradexyz liquidator has picked up a significant amount of short liquidations on $WTIOIL and $BRENTOIL. It recovered a total position worth $1.303M and generated $19,660 in profit, on top of the $84,114 already present before the event.