Silhouette Brings Quote-Based Trading to xStocks on Hyperliquid

Silhouette has launched its request-for-quote (RFQ) trading system for xStocks on Hyperliquid's mainnet. This move adds a quote-based route to native spot markets, which began offering an initial group of xStocks in August.

Traders can now request quotes from onboarded market makers, allowing multiple bidders to compete before the winning transaction settles onchain. The service is available at any hour and for any trade size, according to Silhouette's announcement on September 1.

The RFQ system gives traders a way to solicit prices without relying solely on an asset's continuously operating market. This model can make trading available without requiring every supported instrument to start with a dedicated market.