@Meltfinance

Melt Finance is building native spot trading infrastructure for tokenized real-world assets (stocks, commodities) on Hyperliquid.

They launched in April 2026 with QQQM (Nasdaq ETF) trading live on-chain via Ondo Finance tokenization, offering 24/7 orderbook-based trading directly from wallets.

The project is very early-stage (2-month-old account, ~1.2k followers) but has achieved mainnet deployment with real product usage.

Green flags: Working mainnet product with live QQQM trading on Hyperliquid since April 2026 · Partnership with established RWA infrastructure provider Ondo Finance ($2.9B TVL) · Very early-stage (account created Feb 2026, <1.3k followers) with actual product delivery · Technical differentiation: native spot RWAs on Hyperliquid L1 with 24/7 orderbook trading · Tier A scout backing with clear product-market fit in RWA trading

Red flags: Extremely new project (<3 months old) with limited track record · Small social presence and engagement (avg 104 interactions) makes market validation unclear · Regulatory complexity of tokenized securities not addressed in public materials