News linked to both this project and an event.
Hyperliquid co-founder iliensinc responded to the abnormal SK Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, and different teams can deploy and operate markets based on its infrastructure. Among them, the xyz:SKHYNIX perpetual contract was deployed and is operated by the XYZ team. The XYZ team is currently investigating the situation and will release updates once a conclusion is reached.Iliensinc also explained that the HIP-3 market deployer is responsible for providing data such as the mark price, oracle, and external perpetual contract price. Taking the pricing mechanism of a BTC perpetual contract as an example, the protocol provides the median of the latest on-chain transaction price, the best bid price, and the best ask price as one of three price components. The other two prices are provided by the deployer, and together these three influence the final mark price.
Odaily reports: trade.xyz posted on X platform, stating that ChangXin Memory Technologies has been converted to the standard XYZ perpetual contract, supporting 10x leverage and enabling 7×24 trading throughout the year.
HyperliquidNews posted on X platform, stating that to launch a HIP-3 market, a deployer must lock 500,000 hyperliquid:native and purchase a ticker for each created market. As the largest HIP-3 deployer, Trade[XYZ] has purchased 103 tickers and launched 87 markets. The minimum cost of a ticker is 500 hyperliquid:native, currently valued at approximately $31,400. HIP-3 revenue comes from transaction fees generated by each market, with 50% going to the deployer and 50% to the Assistance Fund, which uses the proceeds to buy back and burn hyperliquid:native. To encourage trading activity in HIP-3 markets, Hyperliquid has introduced Growth Mode, reducing transaction fees by 90%; deployers can choose whether to enable it, with few exceptions. Despite the fee reduction, 40 of Trade[XYZ]'s 87 launched markets have generated revenue exceeding 500 hyperliquid:native, meaning they have at least covered the initial ticker cost, accounting for 46% of all launched markets. This data only calculates ticker costs and does not include other operating expenses. As long as trading activity continues, each ticker will continue to generate revenue. Some tickers have generated millions of dollars in fees for Hyperliquid and Trade[XYZ] respectively. For example, GOLD has generated over $4.6 million in fees for each party. GBP is currently the ticker with the lowest profitability, generating $610 in revenue for Trade[XYZ] so far.
According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.
Odaily, trade.xyz posted on X platform, stating that SKHY tracks the value of one SK Hynix American Depositary Share (ADS). This Nasdaq-listed security represents one-tenth of an SK Hynix common share held in custody by the depositary bank. SKHY will launch as a pre-IPO contract and convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing TradeXYZ SKHYNIX market, xyz:SKHX, remains unchanged, tracking one common share of SK Hynix Inc. (KRX: 000660) and will continue to operate normally based on the company's primary listing market in Seoul. The two markets are related but independent; 10 ADSs represent one common share, and the ADS may trade at a premium or discount relative to the Seoul market price.
: TradingView has added support for data from Hyperliquid and trade.XYZ.Users can open the search function in TradingView Supercharts and enter the prefix "HYPERLIQUID:" or "HIP3XYZ:" to find the corresponding market data.
Renaiss, a real-world collectibles liquidity infrastructure, announced the successful completion of a $1.5 million seed funding round, led by YZi Labs, with participation from Gate Ventures, Hash Global, XIN Family, and Redline Labs. Angel investors include Mask Network, Far East Group, Logoman, Hoopi, and Legit App. Built on BNB Chain, Renaiss aims to connect third-party vaults, card shops, and custodial nodes via its Renaiss Vault OS, while Renaiss.XYZ serves as the application layer enabling users to access the on-chain collectibles market. Renaiss provides verifiable custody, standardized settlement, and on-chain liquidity for physical collectibles—eliminating friction in verification, custody, pricing, and cross-border transactions. This allows custodially verified collectibles to undergo ownership transfers on-chain and circulate globally in a trustless, permissionless manner. The funds will be used to expand the vault network, strengthen product development and integration with the Renaiss SDK ecosystem, broaden the range of supported collectible categories, drive global market expansion, and support infrastructure development for DeFi integration and AI Agents. Notably, Renaiss has been selected as a project in the third cohort of YZi Labs’ EASY Residency incubation program.
According to Tradexyz’s official documentation, the decentralized exchange Tradexyz has officially added a Pre-IPO perpetual contract market to its product documentation. This product is a cash-settled perpetual derivative referencing the expected public equity of companies planning to go public, designed for pre-listing price discovery. XYZ emphasizes that Pre-IPO perpetual contracts are not stocks, IPO allocations, tokenized equity, or securities interests; holding such contracts confers no ownership rights, voting rights, dividend rights, or any claims against the issuer. After listing, the relevant markets are expected to transition into standard externally priced perpetual contracts once sufficient external data becomes available. If the listing is delayed, fails, or undergoes material changes, the markets will settle according to predefined mechanisms—including an Outside Launch Date, Settlement Period, and TWAP.