PERP.WIKI

Across Protocol vs Trade.xyz (HyperUnit)

Hyperliquid ecosystem comparison · Bridges & Cross-Chain

Ecosystem Pick
Different Focus AreasVerified: Across Protocol

Quick Take

Across Protocol Intent-based cross-chain bridge — near-instant USDC bridging to Hyperliquid on Multi-Layer, while Trade.xyz (HyperUnit) 24/7 on-chain stock perpetuals powered by HIP-3 — $500M+ daily volume on HIP-3. They serve different niches in the Hyperliquid ecosystem.

Based on public data for Across Protocol and Trade.xyz (HyperUnit). Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Across Protocol logo

Across Protocol

Across Protocol is the leading intent-based cross-chain bridge, connecting over 15 chains — including Hyperliquid's HyperCore and HyperEVM — with near-instant settlement and some of the lowest fees in DeFi. Unlike traditional message-passing bridges, Across replaces step-by-step execution with user-declared outcomes called intents: users specify what they want, and a competitive network of relayers races to fulfill each transfer optimally. Backed by a three-layer architecture — a request-for-quote mechanism, a network of competitive relayers, and an on-chain settlement layer — Across guarantees fast fills averaging under one minute without sacrificing security or decentralization. Bridging 1 ETH costs under $1. The protocol has processed over $22B in cumulative volume across 15M+ transactions, making it one of the most proven interoperability solutions in production. For the Hyperliquid ecosystem, Across unlocks seamless capital inflows from Ethereum, Arbitrum, Base, Optimism, and beyond — giving users and protocols a reliable, low-cost on-ramp to both HyperCore's order-book liquidity and HyperEVM's growing DeFi landscape.

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Trade.xyz (HyperUnit) logo

Trade.xyz (HyperUnit)

Trade.xyz, developed by HyperUnit, made history as the first protocol to acquire a HIP-3 ticker on Hyperliquid, securing the XYZ100 listing. The platform enables 24/7 trading of tokenized US stocks and ETFs — assets that traditional markets restrict to weekday trading hours. By bringing equities like Apple, Tesla, NVIDIA, and major ETFs on-chain, Trade.xyz solves a fundamental problem: global investors, particularly those outside the US, face geographic restrictions and time-zone barriers when accessing US stock markets. On Hyperliquid's high-throughput order book, tokenized equities benefit from near-instant settlement, deep liquidity, and the same seamless trading experience as crypto perpetuals. The XYZ100 ticker functions as an index exposure product, giving users diversified equity exposure in a single position. Tokenization is handled in a trust-minimized manner, ensuring price fidelity with underlying assets. Trade.xyz represents the convergence of TradFi and DeFi — crypto-native infrastructure meeting traditional asset classes — and is a flagship demonstration of what Hyperliquid's HIP-3 standard enables for real-world asset trading at any hour of the day, seven days a week.

Feature Comparison

FeatureAcross Protocol logoAcross ProtocolTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)
LayerMulti-LayerHIP-3
CategoryBridges & Cross-ChainRWA Perps
StatusActiveActive
Launch Year20222025
Websiteacross.to
Twitter@AcrossProtocol
GitHubNot publicNot public
Verified✓ VerifiedUnverified
Tags
bridgeintent-basedUSDCfast
stocksRWAperpetualsHIP-3HyperUnit

Score Comparison

Across ProtocolTrade.xyz (HyperUnit)
Open Source
Across Protocol
Not public
Trade.xyz (HyperUnit)
Not public
Verified
Across Protocol
Verified
Trade.xyz (HyperUnit)
Unverified
Ecosystem Breadth
Across Protocol
4 tags
Trade.xyz (HyperUnit)
5 tags
Maturity
Across Protocol
Since 2022
Trade.xyz (HyperUnit)
Since 2025

Feature Matrix

FeatureAcross Protocol logoAcross ProtocolTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Across Protocol operates on Multi-Layer (spans multiple hyperliquid layers), while Trade.xyz (HyperUnit) runs on HIP-3 (permissionless custom perpetual markets). This affects composability, transaction speed, and the types of integrations each protocol supports.

Category Focus

Across Protocol is focused on bridges & cross-chain, while Trade.xyz (HyperUnit) targets rwa perps. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

Across Protocol is distinguished by: bridge, intent-based, USDC, fast. Trade.xyz (HyperUnit) stands out with: stocks, RWA, perpetuals, HIP-3, HyperUnit.

Market Timing

Across Protocol launched first in 2022, giving it a head start. Trade.xyz (HyperUnit) entered later in 2025, potentially with the benefit of learning from earlier entrants.

When to Use Each

Choose Across Protocol if you...

  • Want a bridges & cross-chain solution on Multi-Layer
  • Prefer a verified and vetted protocol
  • Need features like bridge and intent-based
  • Need: Intent-based cross-chain bridge — near-instant USDC bridging to Hyperliquid

Choose Trade.xyz (HyperUnit) if you...

  • Want a rwa perps solution on HIP-3
  • Need features like stocks and RWA
  • Need: 24/7 on-chain stock perpetuals powered by HIP-3 — $500M+ daily volume

Ecosystem Integration

Across Protocol logo

Across Protocol

Across Protocol operates on Multi-Layer (spans multiple hyperliquid layers). Spanning multiple layers lets it combine the strengths of each, though integration complexity is higher.

Trade.xyz (HyperUnit) logo

Trade.xyz (HyperUnit)

Trade.xyz (HyperUnit) operates on HIP-3 (permissionless custom perpetual markets). Through HIP-3, it enables permissionless creation of custom perpetual markets.

Community Verdict

Which do you prefer?

Share your experience with Across Protocol or Trade.xyz (HyperUnit) to help others in the Hyperliquid community make better decisions.

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