TradeXYZ, an RWA perpetuals platform deployed on Hyperliquid, has seen its daily trading volume fall to between $2.1 billion and $2.6 billion, down about 71% from its peak in July 2026. Even with that pullback, open interest on the platform has held near $3.6 billion.
The platform launched in late 2025 and currently accounts for 95% to 99% of trading volume among HIP-3 deployments on Hyperliquid. According to CryptoBriefing, TradeXYZ posted total trading volume of $202.36 billion in the second quarter of 2026, up 79.2% quarter over quarter. Within that figure, equity perpetuals jumped 377% to $58.9 billion.
The latest figures point to a sharp drop in daily activity from recent highs while showing that outstanding positions on the platform remain elevated.
TradeXYZ, an RWA perpetuals platform running on Hyperliquid, has watched its daily trading volume slide to $2.1 billion-$2.6 billion, Techub News said. A sharp drop. About 71% below its peak in July 2026.
But open interest on the platform has stayed close to $3.6 billion.
TradeXYZ launched in late 2025. And now it makes up 95% to 99% of trading volume across HIP-3 deployments on Hyperliquid.
CryptoBriefing said the platform posted total trading volume of $202.36 billion in the second quarter of 2026, a 79.2% jump from the prior quarter. Equity perpetuals led much of that move, soaring 377% to $58.9 billion.
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