PERP.WIKI

Zellic vs Trade.xyz (HyperUnit)

Hyperliquid ecosystem comparison · Security & Audits

Ecosystem Pick
Different Focus Areas

Quick Take

Zellic Rising star blockchain security firm with deep DeFi and cryptography expertise 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 Zellic and Trade.xyz (HyperUnit). Key differentiators: layer deployment, fee structure, liquidity depth, and community adoption. Last reviewed: Mar 2026.

Overview

Zellic logo

Zellic

Zellic is a rapidly growing blockchain security firm that combines deep smart contract expertise with strong cryptographic and systems security knowledge, serving protocols across EVM ecosystems including HyperEVM. Founded by top competitive CTF players, Zellic's team brings an attacker's mindset to every engagement, proactively identifying vulnerabilities in complex DeFi protocols, cross-chain bridges, and financial primitives. Zellic has audited hundreds of millions in TVL across lending protocols, DEXes, and infrastructure projects—many architecturally similar to what is being built on Hyperliquid. Their reports are known for clear vulnerability disclosure with actionable remediation guidance. For HyperEVM projects seeking an audit firm with fresh perspectives and a strong track record in cutting-edge DeFi security research, Zellic provides rigorous assessment that complements the traditional audit landscape and has earned a reputation as one of the most thorough firms for complex protocol reviews.

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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

FeatureZellic logoZellicTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)
LayerMulti-LayerHIP-3
CategorySecurity & AuditsRWA Perps
StatusActiveActive
Launch Year2025
Websitezellic.io
Twitter
GitHubNot publicNot public
VerifiedUnverifiedUnverified
Tags
stocksRWAperpetualsHIP-3HyperUnit

Score Comparison

ZellicTrade.xyz (HyperUnit)
Open Source
Zellic
Not public
Trade.xyz (HyperUnit)
Not public
Verified
Zellic
Unverified
Trade.xyz (HyperUnit)
Unverified
Ecosystem Breadth
Zellic
0 tags
Trade.xyz (HyperUnit)
5 tags
Maturity
Zellic
Unknown
Trade.xyz (HyperUnit)
Since 2025

Feature Matrix

FeatureZellic logoZellicTrade.xyz (HyperUnit) logoTrade.xyz (HyperUnit)
Open Source
Verified
Has Website
Has Twitter
Has GitHub
Active Status

Key Differences

Layer Architecture

Zellic 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

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

When to Use Each

Choose Zellic if you...

  • Want a security & audits solution on Multi-Layer
  • Need: Rising star blockchain security firm with deep DeFi and cryptography expertise

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

Zellic logo

Zellic

Zellic 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 Zellic or Trade.xyz (HyperUnit) to help others in the Hyperliquid community make better decisions.

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