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Kinetiq Registers HIP-3 Decentralized Exchange (peer-to-peer trading platform) on Hyperliquid Mainnet (live blockchain network) — Fifth HIP-3 DEX

Kinetiq Protocol’s HIP-3 DEX launch adds leveraged markets such as US500, BABA, and EUR/USD, enhancing trading options on the Hyperliquid mainnet.

HYPE

Summary

Kinetiq Protocol has registered its HIP-3 decentralized exchange, ‘Markets by Kinetiq,’ on the Hyperliquid mainnet, making it the fifth HIP-3 DEX to go live. The platform offers leveraged markets including US500 with 10× leverage, BABA with 10× leverage, and EUR/USD with 50× leverage.

Terms & Concepts
  • Decentralized exchange (DEX): A blockchain-based marketplace enabling users to trade assets directly without intermediaries.
  • Mainnet: The primary live blockchain network where real transactions and assets are settled.
  • HIP-3: A protocol standard on Hyperliquid that governs certain decentralized exchange functionalities.