XYZ100Nasdaq 100
XYZ100 · 15m · LEGENDOHLC
XYZ100
Nasdaq 100
Today’s move
Updated - ago
The Nasdaq 100 perpetual contract rose 1.58% to $28,271 with $553.6M in 24-hour volume, driven by a broad market rebound and renewed demand for technology equities.1 Sentiment was supported by strong earnings from AI infrastructure providers and positive sector growth outlooks,2 despite a macro backdrop of elevated inflation expectations.3
About
XYZ100 is an on-chain, cash-settled perpetual futures contract deployed by trade.xyz on the Hyperliquid blockchain. The instrument tracks a modified market-capitalization-weighted index of 100 of the largest non-financial companies listed on United States stock exchanges. This underlying benchmark excludes financial corporations and concentrates weighting toward large-cap technology and growth-oriented equities. Deployed as a Hyperliquid Improvement Proposal 3 builder market, the contract executes on the HyperCore decentralized on-chain order book. Positions are margined and settled in USDC with maximum leverage of up to 30x and feature hourly funding rate payments instead of fixed expiration dates. An oracle relayer converts dated futures quotes into implied spot prices through a cost-of-carry model, which enables continuous 24/7 trading. Contract holders receive synthetic price exposure only, with no physical share delivery, direct dividend distributions, or corporate voting rights.