what's Markets?
Markets is a decentralized exchange (DEX) positioned as the first user-owned platform for trading global asset classes. It aims to provide a permissionless trading environment across various markets, integrating traditional and crypto assets. The ecosystem features sKNTQ as the value accrual mechanism and kmHYPE as the user-ownership mechanism, enabling participants to benefit from platform growth and governance through these components. Built on blockchain principles, it emphasizes decentralization and user control over exchange operations.
Markets launched US500 futures, achieved high volume, and offers free 1:1 USDC bridging for trading.
Markets enables bridging non-HL USDC to hypercore USDH at 1:1 ratio via Across Protocol for free, up to $1M per transaction, to facilitate trading on Markets.
Achieved over $10 million in trading volume and over $1.7 million in open interest on US500 pair within opening hours of launch.
Launched its first perpetual futures listing for US500 (S&P 500 index) on January 12, 2026, in partnership with pvp.trade.
Traders on the platform earn kPoints from Kinetiq and 5x TREAD Points for the first 100M volume starting January 12, 2026.
Markets launches on Hyperliquid as a 24/7 onchain trading platform for perps, stocks, commodities, and global markets with 200K TPS. kmHYPE token introduced with fixed supply of 888,888, KNTQ holders can mint December 8 (FCFS), and kmHYPE holders receive 10% of all Markets revenue.
kmhype mint features 888,888 maximum supply with 10% perpetual revenue share from HIP-3 markets and 2.2% HYPE staking returns. Native Markets is involved in the project as one of the parties in the collaboration.
HIP-3 MarketsXYZ announcement is coming soon for $KNTQ, which currently trades at 0.14 FDV/TVL ratio.