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Trade.xyz reached a recent high market share of 96.5% in HIP-3, with the trading volume of the crude oil contract compared to NYMEX futures at 2.17%.
  • US0%
  • NVDAX0%

BlockBeats News, May 26th, according to Hyperinsight monitoring, Trade.xyz's market share in the HIP-3 ecosystem has reached 96.5%, hitting the highest level in nearly six months since last December. The largest contract in daily trading volume is WTIOIL (WTI Oil), with a daily trading volume of about $403 million.

Comparing on-chain trading volume with the traditional market:

Crude Oil Sector: Comparing the trading volume of the WTI and Brent crude oil contracts on Trade.xyz with the previous day's trading volume of the corresponding futures main continuous contract on the New York Mercantile Exchange, the trading volume ratios are 1.78% and 4.56% respectively, with a combined ratio of about 2.17%;

US Stock Sector: On the traditional market, the largest trading asset, NVDA (NVIDIA), has a corresponding contract trading volume of about $89 million on Trade.xyz, accounting for approximately 0.245% of the total market.

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Source: BlockBeats

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