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Trading has always been a solo grind — charts, screens, silence. Speculate makes it a sport. It’s the competitive layer for trading: a platform where you go head-to-head against other traders, climb a live leaderboard, and get paid for being right, with a crowd watching every candle. Competitions are the flagship format — multiplayer contests where a lobby of traders enters the same market, the same clock, and the same rules, and the best risk-adjusted performance takes the pool. Duels strip that down to its purest form: 1v1, winner-take-all, just you against one other trader. Both formats feed the same Leaderboard, so every trade you make builds a public track record, not just a private P&L. Every competition you enter also earns XP. XP accrues over each Season and converts into the $SPEC token — the platform’s native asset. Competing isn’t just about winning the pool in front of you; it’s about compounding a stake in Speculate itself, season after season. For traders who want real exposure instead of a simulated field, there’s HyperStake — one-tap directional bets on real Hyperliquid perps. No order book, no leverage math, no chart to babysit: pick a side, pick a size, and the position is live on real markets. HyperStake is the one place on Speculate where the trade itself, not just the outcome, is real. That’s the split to keep straight: Competitions and Duels run on a $10,000 simulated balance, identical for every entrant, so nobody starts with an edge — the trading is simulated, the stakes are real. Entry fees and prize pools move in real USDC, HyperStake trades real Hyperliquid perps, and everyone competing on the same simulated field is doing it on exactly the same terms. That’s the whole idea: Trade Smarter, Compete Harder.

Why we built this

The thesis behind turning trading into competition.

Who it's for

The traders Speculate is built for.