Trade[XYZ]

Hyperliquid HIP-3 perps on equities & pre-IPO

Trade[XYZ] is a perpetuals DEX built on Hyperliquid as the network's first HIP-3 deployment, offering 24/7 perpetual markets on equities, indices, commodities, forex and pre-IPO exposure. In March 2026 it secured an official S&P 500 license for a 24/7 index perp, and its data is live on TradingView. The venue is operating with real volume but has not issued a token; a points-driven airdrop/TGE is anticipated, with no date confirmed. Backers undisclosed.