Analyst considers tradexyz likely already a unicorn (valued at $1 billion+) based on its traction.

Generated $2.8M revenue in 30 days ending March 2026, operates at $100M annual run-rate on Hyperliquid.

Processed $4 billion in trading volume on March 23, 2026.

Mentioned in a Bankless podcast segment discussing SEC and CFTC regulatory clarity alongside other industry participants on March 20, 2026.

Featured in The Wall Street Journal alongside Hyperliquid, and published research on oil markets comparing tradexyz vs CME.

Launched S&P 500 perpetual futures and Brent crude oil trading on Hyperliquid on 2026-03-18, partnering with S&P Dow Jones Indices and offering up to 50x leverage.

Reached $1.7 billion open interest, an all-time high, ranking 4th among perpetual DEXs.

Holds half of top 10 traded markets on HyperliquidX; generated $1.27B volume for HIP-3 TradFi markets on March 16, 2026, with S&P 500 futures a top 5 asset.

Integrated Pyth Network for oracles on Hyperliquid's HIP3 markets, now supporting WHEAT and CORN perpetuals.

Achieved a 29x increase in perpetual users from October 2025 to March 2026.

Achieved $12.457 billion in perpetuals trading volume over a 7-day period ending around March 12, 2026, ranking 5th among perpetual DEXs.

Recorded $570M in 24-hour volume on CL perpetual futures contract on HyperliquidX.

Generated $37M in short liquidations on CL perpetual futures contract during crude oil price surge.

Open interest from non-crypto assets doubled to 20% over a one-month period ending around 2026-03-10.

Accounts for 30-40% of Hyperliquid daily volume and 20-25% of daily open interest via HIP-3 deployments, with volume share reaching 39% ATH on 2026-03-09.

Powers HIP-3 OIL derivative which generated $1.85 billion in 24-hour volume.

Achieved $106.7M in equities trading volume over the weekend of March 7-9, 2026.

Achieved $212.3M in indexes trading volume over the weekend of March 7-9, 2026.

Reached $250 million open interest on CL perpetual futures contract during a weekend.

Deployed native spot trading for BTC, SOL, and ETH on Hyperliquid.

Listed Korean equities for perpetuals trading via HIP-3, including SAMSUNG, HYUNDAI, and SK Hynix.

Surpassed 200,667 unique traders through HIP-3, increasing market share from 61.6% on December 13, 2025 to 70.0% on February 15, 2026.

Surpassed $55 billion in cumulative trading volume on Hyperliquid, ranking first among HIP-3 market providers since inception.

Featured in an airdrop tutorial video published on February 3, 2026.

Silver and gold tokens account for approximately 80% of total trading volume on the platform.

Powers gold and silver perpetual futures contracts trading on Hyperliquid via HIP-3 implementation through BullpenFi, accounting for 13% of Hyperliquid's total trading volume.

Hit new weekend all-time high of $720 million in volume, including $669M in commodities trading volume over March 7-9, 2026.

Crossed $5.2 billion in 24-hour trading volume, capturing Hyperliquid's HIP-3 volume.

Supports longing USAR token on the platform.