trade.xyz reports record platform metrics, including $408.4 billion cumulative volume

The platform cited $408.4 billion cumulative volume, $26.07 billion weekend trading, $8.1 billion peak 24-hour volume, $3.9 billion open interest, and 60,600 daily unique traders at peak.

Summary

trade.xyz said several core platform indicators reached record highs, pointing to increased activity on the venue. It reported cumulative trading volume of $408.4 billion, cumulative weekend trading volume of $26.07 billion, open interest of $3.9 billion, and a peak of 60,600 daily unique traders. A newer update said the platform also set a fresh all-time high for 24-hour trading volume at $8.1 billion, above the earlier cited $5.6 billion peak, with HyperliquidNews flagging the milestone in a post on X.

Terms & Concepts
  • open interest: Total value of outstanding trading positions
  • daily unique traders: Number of distinct users trading in a day
  • trading volume: Total value traded over a period