trade.xyz secured the $30,000 MiniMax perpetual contract listing right, while a leading Chinese multimodal AI company landed on Hyperliquid.

BlockBeats News, May 25th, the Hyperliquid ecosystem trading platform trade.xyz successfully won the listing rights for the MINIMAX perpetual contract in a Dutch auction under HIP-3, with a price of 500 HYPE (approximately $30,660). Following this successful auction, the trade.xyz platform has officially launched trading for the MiniMax (Stock Code: 00100.HK) perpetual contract, which will soon be open for trading.

Hyperliquid's HIP-3 allows qualifying developers to independently deploy perpetual contract markets on the platform, with on-chain Dutch auctions held every 31 hours for listing rights bidding. The auction employs a gradually decreasing price from high to low, with the minimum floor price set at 500 HYPE (approximately $30,000). In this MiniMax auction, the competition was lukewarm, and the price steadily dropped to the floor price, with trade.xyz directly winning the bid at 500 HYPE.

MiniMax (Xytech) is a globally leading Artificial General Intelligence (AGI) technology company, focusing on the independent development of multimodal large models and known as the "China's No. 1 Large Model." The company was listed on the Hong Kong Stock Exchange Main Board on January 9, 2026, achieving the fastest global record for an AI company from establishment to listing in just about four years.