Hyperliquid On-line is based on the silicon Bitcoin VIX stainless steel futures contract

What happened?

The Hyperliquid platform welcomed a new member: the Bitcoin implied volatility index BVIV with perpetuity futures contract . The contract supported up to 5x leverage initially on line, using USDC as collateral and pricing unit. Seda's blockchain oracle infrastructure is responsible for accessing Volmex's index data into Markets Exchange's system on-chain .

The launch of BVIV Futures brings the Volatility Rate Index into perpetual futures 's Hyperliquid lineup. The platform's contract categories previously covered cryptocurrency , stocks, traditional indices and commodities, with a fully diluted exchange valuation in excess of $90 billion.

First joint deployment of the tripartite cooperation

The launch was spearheaded by Markets by Kinetiq. It is an on-chain perpetual futures platform built on top of the Hyperliquid and partners include Volmex and Perps.inc. This marks the first time that all three parties have co-deployed a marketplace, as well as the first ever acquisition in the Bitcoin perennial futures market for VolmeX's volatility index.

Justin Greenberg, co-founder and CTO of Kinetiq Markets said: "Thanks to the Bitcoin volatility index and the joint deployment architecture that facilitated this, we are not only adding a new trading pair but also validating an expansion model for Markets by KinetiQ. Perps.inc and Volmex bring products with them and Markets provides trading platforms".

Why It Matters

Hyperliquid is currently the world's largest decentralized with a daily trading volume of $ trading volume billion. It has become an important venue for traders to express their views, especially on weekends when traditional markets are closed. The addition of volatility index products means that traders can directly trade expectations about market fluctuation itself rather than just price direction in on-chain .

Warning signs cryptocurrency Derivative trading is risky and may increase losses. This article is for informational purposes only and does not constitute any investment advice, please carefully evaluate your own risk tolerance.