"What Tether has done for obtaining US dollars globally, Trade[XYZ] is doing for obtaining global stocks worldwide."
When crypto analyst Mohit Pandit wrote this conclusion in a deep research paper, many may not have realized: a revolution quietly completed on the decentralized derivatives platform Hyperliquid, which disrupts the traditional financial pricing power.
Under the HIP-3 (permissionless deployment) mechanism, deployer Trade[XYZ] has spent 8 months building the most challenging things in this category: a true institutional-level liquidity market for perpetual contracts on stocks, indices, commodities, and foreign exchange.
Not just simple "listing assets," but an extremely hardcore "risk control engineering"
Many people's understanding of RWA (real-world assets) on-chain trading still stays at "why not just list the assets directly?" But this is precisely the most common misunderstanding of this business.
In traditional finance, market makers can hedge the risks of perpetual contracts using stock spot. However, when US stock markets close, this hedging channel disappears. If traditional stocks are moved directly onto a 24/7 blockchain, once faced with overnight crashes, hedgeless market makers could be instantly penetrated, leading to liquidity exhaustion.
So, how did Trade[XYZ] solve this world-class problem? The answer is: extreme on-chain risk control engineering.
In the recent approximately 300 on-chain operation windows, Trade[XYZ] executed 294 different risk management operations: 54 changes in position limits, 34 adjustments to funding rate multipliers, 28 trading pauses, etc.
By introducing innovative mechanisms such as "Discovery Bounds," Trade[XYZ] successfully kept the marked prices within a leverage range of plus or minus one times the reference price. This means that the worst-case scenario faced by market makers overnight is bounded and quantifiable.
It is this hardcore risk control that has brought astonishing results:
- Trade[XYZ] flagship indices and commodities markets have institutional-level order book depth (for example, XYZ100 has $2.6 million in orders within 10 basis points).
- Even during overnight periods when the spot market is closed, the depth remains at approximately 116% of the spot market levels.
- In contrast, other on-chain platforms focusing on RWA have positions only 1/24 that of Trade[XYZ].
HIP-3: The smartest "open strategy" of Hyperliquid
Some question that Trade[XYZ] accounts for about 98% of the HIP-3 trading volume, wondering whether Hyperliquid has handed over the "keys to the kingdom."
This underestimates the strategic layout of Hyperliquid. Hyperliquid's core belief is : the lasting advantage of on-chain finance lies in core infrastructure (L1, clearinghouses, matching engines).
HIP-3 is not designed to support a certain winner but to provide an "open track." If Hyperliquid itself were to list contracts for NVIDIA, TSLA, and SpaceX, it would directly face tremendous regulatory risks. By externalizing this responsibility to professional deployers like Trade[XYZ] through HIP-3, Hyperliquid not only avoids risks but also achieves a win-win:
In this model, Trade[XYZ] is the general charging into the battlefield, while Hyperliquid is the king overseeing the central army. As the territory of the "on-chain Nasdaq" expands, the biggest winners remain the underlying Hyperliquid and HYPE tokens.
Embrace on-chain US stocks, you need the professional escort of AiCoin
When Trade[XYZ] moves institution-level liquidity for NVIDIA, Tesla, the S&P 500, and even SpaceX onto Hyperliquid, ordinary traders finally have a "global asset allocation center" that is unrestricted by borders, has no financial thresholds, and is available for trading 24/7.
However, to share a piece of the pie in these always fluctuating, depth-intensive markets, you can't just rely on a rudimentary web interface. You need the AiCoin mobile client for professional guidance:
1. Direct connection to global assets: In the AiCoin App, you can securely connect to Hyperliquid with one click, allowing you to trade commodities (gold, oil), global indices, or star tech stocks all in one interface for speedy trading, completely bidding farewell to cumbersome cross-platform operations.
2. Professional candlestick and depth analysis: Trade[XYZ] has excellent market maker depth, and AiCoin provides you with millisecond-level candlestick charts and order book depth analysis. By monitoring large orders, you can clearly see where major funds are placing orders, enabling more precise trading decisions.
3. Seizing the "growth model" dividend: Many RWA assets are currently in the extremely low rate "growth model" (only charging 0.9 basis points/0.3 basis points). By using AiCoin for quick orders, you can fully take advantage of this very low-cost dividend period for high-frequency oscillation trades or long-term investments.
On-chain finance is eating away at traditional finance's market share. While Tether solves the problem of obtaining US dollars, Trade[XYZ] and Hyperliquid are addressing the pricing and trading issues of global core assets.
With AiCoin, join the wealth revolution that belongs to on-chain traders now.
Exclusive benefits for AiCoin users
👉 When binding your Hyperliquid account, enter invitation code AICOIN88 to enjoy a 4% commission rebate.
🔗 Exclusive registration link:
https://app.hyperliquid.xyz/join/AICOIN88
📖 Beginner's tutorial:
- "AiCoin PC Hyperliquid Authorized Trading Tutorial":
https://www.aicoin.com/zh-Hans/article/514197
- "AiCoin Mobile Hyperliquid Authorized Trading Tutorial":
https://www.aicoin.com/zh-Hans/article/541383
- "Zero-based entry! Extremely detailed graphic tutorial for first-time trading on Hyperliquid":
https://www.aicoin.com/zh-Hans/article/510225
📖 Community communication:
- Telegram:
- Discord:
- AiCoin Group Chat:
https://www.aicoin.com/link/chat?cid=N6OVMor5g
The content of this article only represents the author's personal views and does not represent the platform's position. The views, conclusions, and suggestions in the text are for investor reference only and do not constitute any investment advice related to this platform. Investing in US stocks still requires self-bearing of market risks, regulatory risks, and compliance risks with local laws and regulations (especially foreign exchange controls and overseas investment declarations).
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
