Trade.XYZ Secures Apple and Microsoft Tickers on Hyperliquid
Trade.XYZ has acquired Apple ($AAPL) and Microsoft ($MSFT) HIP-3 tickers on the Hyperliquid platform. This marks a new step in the growth of Hyperliquid’s decentralized market model.
Community-Controlled Market Creation with HIP-3
Hyperliquid’s HIP-3 upgrade, launched on October 13, shifts market creation power to the community. Anyone can now win a Dutch Auction to launch a new market every 31 hours.
- Market creators must lock 500,000 HYPE tokens as a security deposit.
- This deposit protects against market manipulation and enforces responsible management.
- Deployers manage oracles, leverage, settlement, and overall market stability.
- They also receive half of the trading fees and any additional fees they set.
Trade.XYZ bought Apple’s ticker for 500 HYPE (~$20,600) on November 9 and Microsoft’s for 527.83 HYPE (~$21,006) on November 12.
Strong Token Buybacks and Ecosystem Growth
Hyperliquid shows strong ecosystem support with over $800 million in HYPE buybacks in less than a year. This is the largest buyback volume in 2025, according to Coingecko.
- Hyperliquid accounts for 46% of all token buybacks this year.
- It repurchased at least 21.36 million HYPE tokens, or 2.1% of the total supply.
- Monthly buybacks average $65.5 million, peaking at $110.62 million in August.
Competitive Market Landscape and Future Outlook
Hyperliquid operates alongside competitors like Lighter, a zk-rollup perpetual futures exchange. Lighter recently raised $68 million and targets zero-fee retail trading and expanded institutional services.
Lighter plans wider derivatives offerings and deeper liquidity across multiple chains. Joey Krug of Founders Fund praised Lighter’s leadership as a key investment driver.
Hyperliquid’s HIP-3 framework ensures it stays competitive by empowering community market makers. Its open model and token stability continue to attract both retail and institutional traders.
Trade.XYZ’s acquisition of major tech stock tickers highlights growing confidence in Hyperliquid’s decentralized future.
