trade.xyz Benchmark
trade.xyz is measured across 5 live OpenChainBench benchmarks, with 1 #1 finish: Hyperliquid HIP-3 dex volume leaderboard (ranks #1 of 4, $440.56M p50), Perp DEX volume to open interest (ranks #3 of 22, 0.145x p50), Perp DEX asset breadth (ranks #4 of 16, 116 p50), Perp DEX volume share (ranks #5 of 24, $561.37M p50). Data as of 2026-10-25 UTC.
5 benchmarks · 1 #1 finish · View on /perps
trade.xyz
Hyperliquid HIP-3Perpetual DEX tracked by OpenChainBenchLive KPIs
Volume 30d, OpenChainBench total
$66.34B
Open interest, perps only
$3.88B
Tradable markets
116
Historical
Daily Volume (24h notional, OCB cohort)
OpenChainBench measurements
Other perp venues on the same benchmarks
Hyperliquid
9 shared benchmarks
Lighter
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dYdX v4
9 shared benchmarks
Paradex
8 shared benchmarks
Aster
7 shared benchmarks
Gains
6 shared benchmarks
Extended
6 shared benchmarks
Polymarket
6 shared benchmarks
Ondo Perps
6 shared benchmarks
EdgeX
5 shared benchmarks
Kalshi
4 shared benchmarks
Vest
4 shared benchmarks
StandX
4 shared benchmarks
ApeX Omni
4 shared benchmarks
Pacifica
3 shared benchmarks
Lighter RH
3 shared benchmarks
Nova
2 shared benchmarks
Nado
2 shared benchmarks
Aevo
2 shared benchmarks
GRVT
2 shared benchmarks
Jupiter Perps
2 shared benchmarks
GMX
1 shared benchmark
Ostium
1 shared benchmark
Orderly
1 shared benchmark
Backpack
1 shared benchmark
Papertrade
1 shared benchmark
trade.xyz operates the largest HIP-3 builder-deployed dex on Hyperliquid: 70+ tokenized US equity, index, and commodity perp markets under the xyz namespace, collecting a deployer fee on every fill.
Last measured
Live benchmark results
- #1of 4
Trading
Hyperliquid HIP-3 dex volume leaderboard
Volume 24h
$440.56M
p50 · 24h
- #3of 22
Trading
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
Volume / OI (24h)
0.145x
p50 · 24h
- #4of 16
Trading
Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities
Non-crypto markets
116
p50 · 24h
- #5of 24
Trading
Perp DEX volume share, live 24h notional ranked
24h perp volume
$561.37M
p50 · 24h
- #10of 23
Trading
Most tradable markets on a perp DEX, live count per venue
Active markets
116
p50 · 24h
Compare trade.xyz to alternatives
Pick a head to head pair to see trade.xyz and a competitor side by side across every benchmark they share.
ApeX Omni
4 shared benchmarks
Aster
4 shared benchmarks
dYdX
4 shared benchmarks
Extended
4 shared benchmarks
Gains
4 shared benchmarks
Hyperliquid
4 shared benchmarks
Kalshi
4 shared benchmarks
Lighter
4 shared benchmarks
Lighter RH
4 shared benchmarks
Ondo Perps
4 shared benchmarks
Paradex
4 shared benchmarks
Aevo
3 shared benchmarks
Embeddable badges
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Hyperliquid HIP-3 dex volume leaderboard
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<a href="https://openchainbench.com/benchmarks/hyperliquid-hip3-deployers"><img src="https://openchainbench.com/api/badge/hyperliquid-hip3-deployers/xyz" alt="Ranked #1 on OpenChainBench: Hyperliquid HIP-3 dex volume leaderboard" height="44" /></a>
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Raw figures /api/citable