According to Bloomberg, the perpetual contract platform Tradexyz, built on Hyperliquid, has reached a cumulative trading volume of approximately $500 billion across markets like crude oil, precious metals, stock indices, and Pre-IPO companies since its launch in October last year. This accounts for over 99% of the activity on Hyperliquid's third-party market system HIP-3. The Unit Labs team behind Tradexyz consists of around a dozen people. Sources reveal that the company received investment from Paradigm over a year ago, though both parties declined to comment. Tradexyz and Hyperliquid are currently pushing U.S. regulators to allow Pre-IPO perpetual contracts into the U.S. market, arguing that such products could improve price discovery for pre-IPO valuations through public trading. https://(wublock123.com)/news/bloomberg-tradexyz-5trn-trading-volume-pre-ipo-perpetuals-us-market-67120