➥ @tradexyz just had its first ~$100B month over the last 30 days, the HIP-3 venue processed $96.19B in perp volume, up from roughly $52B in mid-May that is nearly 2× growth in around ten weeks the business behind it is starting to look real too: • $8.67M in trading fees • $3.18M retained as protocol revenue • ~$33K revenue per $1B traded XYZ is proving that onchain perps can expand beyond BTC and ETH into stocks, indices and commodities without building a separate liquidity island it uses Hyperliquid’s infra while owning the market layer and keeping half the fees that also makes it one of the clearest examples of HIP-3 working as intended third-party builders create new markets, while activity still feeds back into Hyperliquid but the next milestone is whether XYZ can keep scaling RWA perps while making oracle and liquidation design robust enough for serious capital