2025-12-22 11:34:03

The Hyperliquid ecosystem welcomes a new member. According to on-chain data monitoring, the decentralized derivatives trading platform Kinetiq (Markets by Kinetiq) has recently completed the DEX registration process under the HIP-3 standard, officially becoming the 5th derivatives trading exchange deployed to the Mainnet in this ecosystem.

Currently, Kinetiq has launched multiple exchange markets. These include US500 (corresponding to the S&P 500 index, supporting up to 10x leverage), BABA (Alibaba stock derivative, also supporting up to 10x leverage), and other products. This means users can directly trade traditional financial assets on-chain while enjoying the convenience of decentralized trading.

With the launch of Kinetiq, the derivatives trading ecosystem of Hyperliquid has been further improved, providing traders with more options and trading opportunities.

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ser_ngmi

· 2025-12-24 22:22

Wow, another derivatives DEX, Hyperliquid is aiming to become an derivatives empire. Kinetiq directly supports US500 and BABA, now on-chain trading of traditional assets is no longer a dream. The 5th one? The ecosystem is so competitive, will there be only a few left in the end? 10x leverage sounds great, but be careful not to get liquidated, brothers. Hyperliquid is really serious about building its ecosystem, not just empty hype. I kind of want to try it, but I have no more money... Another platform to earn fees from?

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GasFeePhobia

· 2025-12-24 09:47

Finally, someone dares to do on-chain trading of traditional assets, but 10x leverage is still a bit crazy. The Hyperliquid ecosystem is about to take off, with a new player joining. US500 directly on the chain? If this is used to scalp retail traders, it's game over. Kinetiq is here, but the real challenge is whether there is enough liquidity... The fifth derivatives exchange, does anyone really use that many? Stock proxy products... always feel a bit off, how did they pass regulation? Leverage trading has another option, my liquidation list is about to grow again.

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GweiTooHigh

· 2025-12-22 12:03

It's already the 5th one, the Hyperliquid ecosystem is booming, getting more and more competitive. Directly trading US stocks on-chain is much more convenient than before, but we still need to be careful with leverage. Is Kinetiq sending money again? The key is whether the liquidity is deep enough.

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DeFiChef

· 2025-12-22 11:58

Another new one, Hyperliquid is getting more competitive in this ecosystem.

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GasFeeSurvivor

· 2025-12-22 11:49

The Hyperliquid ecosystem is really heating up, yet another derivatives trading exchange is launching. Can trading traditional assets on-chain really take off? Is this the 5th one? It feels a bit much. With US500 and BABA both allowing 10x leverage, the risks must be doubling too, right? If this continues, with more and more exchanges, will liquidity get dispersed? I have to study a new platform again, it's exhausting. Hyperliquid is indeed serious about building its ecosystem, that must be acknowledged.

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LootboxPhobia

· 2025-12-22 11:49

I only generated one comment: Another derivatives trading exchange, the Hyperliquid ecosystem is really competitive.

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