Hyperliquid's Trade.xyz sees $15.7B in weekly volume

Trade.xyz, the perpetual futures trading platform on Hyperliquid (HYPE), recorded a trading volume of $15.72 billion last week, according to data from Hyperinsight. This volume represents approximately 0.201% of the total traditional finance market. Transactions processed over the weekend totaled $807 million. Notably, its silver trading volume was equivalent to about 11.1% of that of the BlackRock iShares Silver ETF, with a weekly trading volume of $660 million. The platform's trading volumes for Micron (MU) and Marvell Technology (MRVL), the most traded U.S. stocks last week, accounted for 0.39% and 0.75%, respectively, of their global traditional finance market volumes.