NYSE does about 10x more daily trading volume than HL if my numbers correct
NYSE volume probably goes +50/100% in few months opening their markets 24/7
This is the cake Hyperliquid takes, daily volume probably goes up 5/8 times to $100B daily on HL rails
$20M revenue days become the new normal
And thats if ICE is the only partnership of this size, yea we’re going much much higher on this one lads
I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.
ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.
trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.
Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.
When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.
Excited to work with Payward to forge a path for onchain derivatives built on Hyperliquid's infrastructure. Kraken is one of the most trusted and respected exchanges in crypto. They are also true believers in the technology and crypto ethos. We're honored that they are building on Hyperliquid to bring the next evolution of perpetual markets to the United States.
Hyperliquid Turns USDC Reserve Yield Into HYPE Buyback Firepower
Hyperliquid (@HyperliquidX) has received its first $14.58 million USDC payment under the platform’s AQAv2 reserve yield framework.
The payment gives Hyperliquid another funding source for hyperliquid:native buybacks beyond revenue generated from trading fees.
Around 90% of cost-adjusted reserve yield from USDC supply is shared with the protocol.
This portion is routed to the Assistance Fund, which uses the funds to purchase HYPE.
The first payment covered a 30-day period under the reserve yield mechanism.