PERP.WIKI

Trade.xyz (HyperUnit) vs Hyperscanner

Hyperliquid ecosystem comparison · RWA Perps

Best for Traders
Different Focus Areas

Quick Take

Trade.xyz (HyperUnit) 24/7 on-chain stock perpetuals powered by HIP-3 — $500M+ daily volume on HIP-3, while Hyperscanner Unified analytics for Hyperliquid L1 and HyperEVM on Multi-Layer. They serve different niches in the Hyperliquid ecosystem.

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

Overview

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.

Hyperscanner logo

Hyperscanner

Hyperscanner is a unified analytics and data platform spanning both Hyperliquid L1 — the high-performance perpetuals exchange — and HyperEVM, the EVM-compatible smart contract execution layer. It addresses the fragmentation inherent in Hyperliquid's dual-chain architecture: traders and developers previously needed to consult disconnected explorers and dashboards to get a complete picture of ecosystem activity. Hyperscanner aggregates on-chain data into clean, accessible interfaces featuring real-time market overviews, token analytics, wallet tracking, volume trends, and trading signals derived from live chain activity. For traders, it offers a bird's-eye view of market conditions — open interest shifts, volume anomalies, and emerging token activity on HyperEVM. For developers and researchers, it provides an exploration and indexing layer for understanding ecosystem growth, protocol adoption, and on-chain behavior. By bridging the data gap between Hyperliquid L1 and HyperEVM in a single coherent product, Hyperscanner makes the ecosystem more legible and navigable — lowering the barrier for new participants and giving experienced users the signals they need to stay ahead of market developments.

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Feature Comparison

FeatureTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)Hyperscanner logoHyperscanner
LayerHIP-3Multi-Layer
CategoryRWA PerpsAnalytics & Data
StatusActiveActive
Launch Year20252025
Websitehyperscanner.app
Twitter@hyperscanner_io
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stocksRWAperpetualsHIP-3HyperUnit
analyticsscannersignalsmulti-layer

Score Comparison

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

Feature Matrix

FeatureTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)Hyperscanner logoHyperscanner
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

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

Category Focus

Trade.xyz (HyperUnit) is focused on rwa perps, while Hyperscanner targets analytics & data. They serve different user needs within the Hyperliquid ecosystem.

Unique Features

Trade.xyz (HyperUnit) is distinguished by: stocks, RWA, perpetuals, HIP-3, HyperUnit. Hyperscanner stands out with: analytics, scanner, signals, multi-layer.

When to Use Each

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

Choose Hyperscanner if you...

  • Want a analytics & data solution on Multi-Layer
  • Need features like analytics and scanner
  • Need: Unified analytics for Hyperliquid L1 and HyperEVM

Ecosystem Integration

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.

Hyperscanner logo

Hyperscanner

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

Community Verdict

Which do you prefer?

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

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