NVDA-PERP on Hyperliquid represents the first community-managed perpetual swap for Nvidia stock on a decentralized exchange, enabling 24/7 trading with up to 10x leverage. Launched via the HIP-3 framework, it has already amassed over $12 million in trading volume and $5.8 million in open interest, bridging traditional equities with blockchain technology.
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NVDA-PERP launch introduces permissionless trading of single-stock perpetuals on Hyperliquid, democratizing access to Nvidia shares in crypto markets.
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The HIP-3 auction system empowers users to create new markets, with Trade.XYZ securing Nvidia’s ticker for community oversight.
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Trading data shows $12 million volume in 24 hours, $5.8 million open interest, and price at $192.54 amid 1.24% dip, per Hyperliquid dashboard statistics.
Discover NVDA-PERP on Hyperliquid: Nvidia’s stock token trades 24/7 with leverage on this decentralized platform. Explore the HIP-3 framework revolutionizing crypto-equity bridges. Stay ahead—dive into details now! (148 characters)
What is NVDA-PERP on Hyperliquid?
NVDA-PERP on Hyperliquid is a perpetual swap contract for Nvidia stock, marking the debut of community-managed trading for a single equity on a decentralized perpetuals exchange. This innovation allows traders to access Nvidia’s performance through blockchain without traditional intermediaries, using USDC as collateral. Launched today via the platform’s HIP-3 governance, it combines the liquidity of crypto markets with the familiarity of stock trading, attracting significant interest from both retail and institutional participants.
How Does the HIP-3 Framework Enable NVDA-PERP Trading?
The HIP-3 framework, introduced by Hyperliquid on October 13, revolutionizes market creation by shifting control from centralized teams to the community through Dutch auctions held every 31 hours. Participants bid with HYPE tokens to secure rights for new listings, as seen when Trade.XYZ won the NVDA ticker for 500 HYPE, equivalent to $20,600 at current rates. This system requires winners to lock 500,000 HYPE as collateral, ensuring accountability while allowing deployers to set oracles, leverage caps up to 10x, and settlement parameters.
Supporting data from Hyperliquid’s dashboard indicates this permissionless model has boosted platform activity, with NVDA-PERP achieving $12 million in 24-hour volume shortly after launch. Expert analyst Flood commented, “NVDA-PERP live on Hyperliquid. The first ever truly permissionless perpetual swap on single name equities in Crypto.” This approach not only democratizes access but also aligns incentives, as market creators earn 50% of trading fees, fostering a transparent ecosystem. Short sentences highlight key benefits: reduced manipulation risks, enhanced user participation, and seamless integration of traditional finance (TradFi) assets into decentralized finance (DeFi).
Previously, similar auctions secured Apple (AAPL) for 500 HYPE ($20,600) on November 9 and Microsoft (MSFT) for 527.83 HYPE ($21,006) on November 12, demonstrating the framework’s scalability. Ronin, a platform contributor, noted, “$NVDA is now live on tradexyz trade it 24/7 with up to 10x leverage. Tokenized stocks are bridging TradFi and crypto.” These developments underscore Hyperliquid’s role in evolving on-chain financial instruments, backed by authoritative sources like the platform’s official documentation and community governance records.
Nvidia’s NVDA-PERP has begun trading on Hyperliquid, introducing community-managed trading of a stock token through a decentralized market framework.
Key Highlights
- NVDA-PERP launch on Hyperliquid introduces the first community-managed perpetual swap for a single stock on a decentralized trading platform.
- The HIP-3 framework allows anyone to create new markets through auctions, shifting control of listings from Hyperliquid to its users.
- Despite a brief network pause linked to Popcat trades, Hyperliquid’s decentralized market activity and participation have continued to grow steadily.
Nvidia’s stock token, NVDA-PERP, is now trading on Hyperliquid. For the first time, a single stock can be traded as a perpetual swap on a crypto platform, combining stock trading with blockchain technology.
As per Hyperliquid trading dashboard data, the NVDA-PERP went live for trading earlier today and it has gained nearly $12 million in 24 hours. The perp has attracted over $5.8 million in open interest.
It is currently trading at $192.54 against USDC, showing a 1.24% dip in the past 24 hours. It opened at $194.63, hit a high of $205.00, and reached a low of $191.20, showing active yet cautious investor sentiment.
According to analyst Flood, “NVDA-PERP live on Hyperliquid. The first ever truly permissionless perpetual swap on single name equities in Crypto.” This development positions Hyperliquid as a growing force bridging crypto and traditional equity markets.
Trading on NVDA has seen 1,362 units, showing moderate activity. There are slightly more sell orders above the current price, suggesting some selling. At the same time, buyers are stepping in around $191, pointing to possible support at that level.
Hyperliquid expands permissionless market creation
The NVDA-PERP listing follows Trade.XYZ’s recent acquisition of Apple (AAPL) and Microsoft (MSFT) tickers through HIP-3 auctions. In these auctions, Trade.XYZ secured Apple for 500 $HYPE ($20,600) on November 9 and Microsoft for 527.83 $HYPE ($21,006) on November 12.
HIP-3, introduced on October 13, gives users full control over launching new markets. Anyone can now participate in Dutch Auctions and win the right to create a new perpetual market every 31 hours. Each creator must lock 500,000 HYPE as collateral, ensuring fairness and preventing manipulation. Consequently, market deployers manage oracles, leverage limits, and settlement systems while earning half the trading fees.
This framework democratizes listings and decentralizes governance, aligning incentives for transparency and responsibility. Ronin added, “$NVDA is now live on tradexyz trade it 24/7 with up to 10x leverage. Tokenized stocks are bridging TradFi and crypto.”
Hyperliquid’s temporary bridge pause amid Popcat incident
Despite the updates, Hyperliquid briefly faced technical disruptions this week. The Arbitrum-based bridge temporarily paused deposits and withdrawals after a wave of suspicious Popcat trades. Users initially feared a security breach, but operations resumed within hours.
An admin known as ‘iliensinc’ confirmed, “The blockchain is not under maintenance. The Arbitrum bridge is temporarily paused. Other deposits and withdrawals should be unaffected.” A community vault reportedly lost $4.9 million following the liquidation of an overleveraged Popcat position. Trader MLM admitted to managing the position, noting it was “clearly a deliberate attempt to mess with Hyperliquid and the community-owned vault.”
The situation reignited debates about Hyperliquid’s decentralization, especially after the platform delisted JELLYJELLY, a Solana-based meme coin, following similar volatility. However, trading has since stabilized, and market participation remains strong.
Hyperliquid’s launch of NVDA-PERP introduces 24/7 trading of Nvidia with leverage, managed by the community rather than a central exchange. With HIP-3 and Trade.XYZ’s framework, this setup changes how financial assets are created, traded, and monitored on-chain.
Also Read: Vitalik Buterin Unveils Ethereum’s New Trustlessness Manifesto
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Frequently Asked Questions
What is the significance of NVDA-PERP launch on Hyperliquid for crypto traders?
The NVDA-PERP launch on Hyperliquid allows traders to speculate on Nvidia’s stock price using perpetual swaps with up to 10x leverage, available 24/7 in a decentralized environment. This eliminates traditional market hours and intermediaries, offering exposure to a leading tech stock through USDC collateral, as evidenced by the initial $12 million trading volume.
How can users participate in creating new markets like NVDA-PERP on Hyperliquid?
Users can join Dutch auctions under the HIP-3 framework every 31 hours, bidding HYPE tokens to win listing rights. Successful bidders lock 500,000 HYPE as collateral and manage the market’s parameters, earning 50% of fees. This process, as used for NVDA-PERP, ensures community-driven expansion of tokenized assets on the platform.
Key Takeaways
- Permissionless Innovation: NVDA-PERP exemplifies Hyperliquid’s HIP-3 model, enabling user-led creation of stock perpetuals and fostering decentralized equity trading.
- Market Performance: With $12 million in volume and $5.8 million open interest, the token shows robust early adoption despite a minor price dip to $192.54.
- Platform Resilience: Temporary pauses like the Popcat incident highlight ongoing challenges, but quick resolutions and growing participation signal strong future potential for Hyperliquid users.
Conclusion
The introduction of NVDA-PERP on Hyperliquid via the HIP-3 framework marks a pivotal step in merging traditional stocks with decentralized perpetual swaps, offering traders unprecedented access to Nvidia’s market dynamics. As community governance expands through auctions and tokenized assets, platforms like Hyperliquid continue to bridge TradFi and DeFi, with expert insights from analysts like Flood reinforcing its innovative edge. Looking ahead, this trend promises more equitable and efficient financial tools—explore Hyperliquid today to capitalize on emerging opportunities.
