tradexyz

Trade.xyz compensates for damages caused by SK Hynix price feed errors

- Trade.xyz confirms the oracle functions correctly as designed.
- The SK Hynix pricing error caused the marked price (mark price) to drop by nearly 19%.
- Liquidation losses occurred for traders.
- Trade.xyz will refund eligible traders.
- The company is committed to transparency and fixing the issue.

#BinanceSquare #CryptoNews #TradeXYZ #SKHynix #PerpetualFutures

$btc $eth

vlikevn Titanbot

Source: CoinTelegraph

Just a single standalone trade on South Korea’s thinly liquid pre-market triggered a $60 million liquidation wave, causing the SK Hynix futures contract on Trade.xyz to wipe out 19% in an instant.

The incident exposes a critical vulnerability in relying on an external oracle when pricing assets with poor liquidity. Even though the oracle system works correctly as designed, taking the mark price from a market lacking depth indirectly swept clean the positions of many fellow traders. The exchange’s one-time voluntary compensation move is a necessary gesture to ease the damage, but what’s even more notable is the plan to change the pricing mechanism—shifting toward an internal order book to improve stability.

As futures traders, we need to understand that oracle risk is always lurking, especially with derivatives that mimic traditional assets. The hard-learned lesson here is: never allocate too much capital into contracts with insufficient liquidity, and always account for sudden price sweeps coming from external data sources. Manage your risk very tightly before the market teaches us the next lesson.

#TradeXYZ #Futures #Oracle #QuanTriRuiRo #Đầutư

Trade.xyz announced it will fully reimburse all users for their losses in the Hynix contract abnormal liquidation event.

Event recap: At 23:01 UTC on July 27, the token mark price of SK Hynix dropped sharply from $1,127.9 to $917.25, triggering the forced liquidation of a large number of long positions. This price fluctuation stemmed from an actual executed trade in Korea’s main pre-market, which was captured by multiple independent data providers. Trade.xyz’s oracle system, as designed, synchronizes and tracks prices from external exchanges; technically, it ran normally. However, the platform recognizes that users are understandably dissatisfied with the losses they suffered as a result.

Compensation plan: The platform will, at its sole discretion, cover all liquidation losses caused by this pricing anomaly in a one-time payout. The specific eligibility requirements will be announced soon, and the reimbursement is expected to be completed within a few days. However, the platform emphasized that this decision "does not constitute a guarantee for similar situations in the future."

Process optimization: After the event, Trade.xyz will accelerate its review of its pricing methodology, including re-evaluating reliance on external venues, and assigning a higher weight to its own order-book price discovery. Currently, the platform’s order-book depth and signal strength have already been significantly improved compared with external sources. After the optimization, it will handle tail-risk events more effectively.

$SK

#Tradexyz #加密交易所 #Contract trading

💥Trade.xyz announces it will fully compensate users for losses from the SK Hynix contract abnormal liquidation event!

At 23:01 UTC on July 27, the SK Hynix token mark price suddenly plunged from $1,127.9 to $917.25. This price movement came from an actual trade in South Korea’s major pre-market, and after it was captured by multiple data providers, it triggered the forced liquidation of a large number of long positions on the platform.

Although the platform’s oracle system, as designed, tracks prices from external exchanges via synchronization and operates normally from a technical standpoint, Trade.xyz says it understands users’ dissatisfaction and has decided to cover all liquidation losses caused by this price anomaly through a one-time discretionary compensation.

✅ Detailed compensation eligibility requirements will be announced soon; compensation is expected to be completed within a few days
⚠️ The platform emphasizes that this decision does not constitute a guarantee for similar future situations
🔧 For mechanism improvements, the platform will accelerate the review of its pricing methods, re-evaluate reliance on external venues, and increase the weight of its own order-book price discovery to better handle tail risks

$SK

#加密交易 #Tradexyz #contract trading

🔥 Sustainable futures trading platform trade.xyz sets new highs across multiple data points! Cumulative trading volume reaches an astonishing $40.84 billion, with cumulative weekend trading volume of $2.607 billion.

According to the platform’s latest data, the 24-hour peak trading volume is $5.6 billion, the current open interest stands at $390 million, and multiple key metrics have all hit historical highs, demonstrating strong growth momentum.

Source: [trade.xyz official tweet](https://x.com/tradexyz/status/2081712285966319815?s=20)

#加密货币 #合约交易 #TradeXYZ

💰 TRADEXYZ
GENERATED MORE THAN $176,500 IN COMMISSIONS IN THE LAST 24 HOURS! 🚀

📊 Key Contribution to the Protocol
According to HyperliquidNews, TradeXYZ generated $176,500 in trading commissions in just one day, allocating an identical amount to its Assistance Fund.

In addition, the priority fees from its markets totaled an additional $38,500 to $65,300 in network revenue.

📈 Significant Share of the Total
With a total protocol income of $1.5972 million in the last 24 hours, TradeXYZ’s contribution ranged from $215,000 to $241,800, representing 13.46% to 15.14% of the total generated by the infrastructure.

#TradeXYZ #Hyperliquid #CryptoNews #BinanceSquare
$BTC
$ETH
$BNB

📰 Crypto Market Hotspots Brief

1. Hyperliquid HIP-3 trades rapidly gaining share
Hyperliquid’s developer-focused permissionless perpetual contract market framework, HIP-3, has recently seen a significant rise in trading activity. Its volume as a share of the platform’s total perpetual contract trading is now approaching half. Market attention is shifting from traditional crypto assets to on-chain stock-related contracts, indicating growing user demand for new types of derivatives.

2. TradeXYZ drives HIP-3 ecosystem trading growth
The current HIP-3 market is mainly driven by TradeXYZ, which has launched XYZ100 tracking the Nasdaq 100 index, as well as single-stock perpetual contracts tied to companies such as Nvidia and Tesla. As retail users show increasing interest in on-chain equity exposure, such markets may become an important source of near-term trading volume growth for the Hyperliquid ecosystem.

3. TradeXYZ liquidation scale draws attention
According to monitoring data, more than $3.33 billion in positions on TradeXYZ have already been liquidated. Large-scale liquidations reflect that on-chain equity perpetual contracts carry higher risk in highly volatile, high-leverage environments. Investors should pay attention to liquidity, price anchoring, funding rates, and liquidation risks under extreme market conditions.

#Hyperliquid #TradeXYZ #DeFi

trade.xyz launches MINIMAX perpetual contracts, supporting up to 10x leverage

The decentralized trading platform trade.xyz has officially launched MINIMAX perpetual contracts, with a maximum leverage of 10x. MINIMAX is an emerging crypto asset in the DeFi space, and as a DeFi derivatives trading platform, Trade.xyz is further expanding its asset coverage with this launch.

Why it matters: The continuous expansion of product lines in DeFi derivatives platforms reflects the shift in the on-chain perpetual contract market from BTC/ETH dominance to covering long-tail assets, indicating that DeFi infrastructure is maturing.

#DeFi #tradexyz #永续合约 #Web3

Crypto market SPCX daily trading volume hits 20% of Nasdaq, Trade.xyz sees record penetration of traditional assets

According to Hyperinsight, the crypto market's SPCX (SpaceX) related contracts reached a daily trading volume of $5.3 billion, which is about 22% of Nasdaq's SpaceX trading volume of $23.9 billion during the same period. Trade.xyz has recorded historical highs in the penetration rates of various traditional asset classes.

Why it matters: The crypto derivatives market is rapidly infiltrating traditional asset classes, and the 22% share of SPCX trading volume indicates an exponential growth in demand from crypto traders for transactions involving traditional heavyweight assets.

#SpaceX #Tradexyz #加密 #Web3

trade.xyz launches Western Digital (WDC) perpetual contracts with up to 10x leverage

According to official news, trade.xyz has rolled out perpetual contracts for Western Digital (WDC), a key player in the US stock storage sector, offering up to 10x leverage. Western Digital is a traditional storage giant, benefiting from the explosive growth in storage demand driven by AI data centers, and has recently captured significant market attention.

Why it matters: trade.xyz continues to expand its product line of perpetual contracts for US stocks, providing crypto traders with more traditional asset exposure tools.

#tradeXYZ #Derivatives #Web3 #Crypto

$EWY SURGES ON CONTRACT FRENZY 🚀

Contract activity on trade.xyz is exploding as Korean equities rally. $EWY open interest hits $20.6M with 24‑hour volume $11.7M, while Binance’s tokenized version shows $10.9M OI and $25.1M volume. Spot token $EWYON stays under $300K, underscoring a decisive move toward leveraged contracts.

The market’s appetite is shifting fast. Institutional flow is piling into Korean‑linked contracts, driving massive liquidity on both trade.xyz and Binance. Traders are scrambling for exposure; stay sharp and watch the order books.

Not financial advice. Manage your risk.

#Crypto #ETF #Korea #binanc #TradeXYZ

🔥