Trade xyz Sees Surge in Trading Volume on Hyperliquid Platform

On May 7, Trade xyz experienced a significant increase in trading activity on the Hyperliquid platform, according to BlockBeats On-chain Detection. The trading volume of traditional asset mapping contracts deployed through the HIP-3 protocol rose by 30.4% compared to the previous week, reaching $3.3 billion. Additionally, the overall position size saw a modest growth of 4.78%, amounting to $2.21 billion. The structure of traditional asset holdings showed some divergence. Due to the ongoing decline in oil prices, positions in WTI and Brent crude oil were significantly reduced, with a combined weekly decrease of 59%, resulting in a current contract value of $539 million. Meanwhile, the strong upward movement in U.S. stocks supported the maintenance of high overall position levels. The S&P 500 index contracts attracted increased capital inflows as they rose, making it the fourth-largest holding on the Hyperliquid platform.