> ## Documentation Index
> Fetch the complete documentation index at: https://docs.melt.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# QQQM — Melt QQQ

> Invesco QQQ ETF (Ondo tokenized ETF) brought natively to Hyperliquid by Melt Finance

<Frame>
  <img src="https://mintcdn.com/meltfinance/GSLbffTsN7-lSDju/images/tokens/QQQM.svg?fit=max&auto=format&n=GSLbffTsN7-lSDju&q=85&s=76503ec192daa2c81aa0599086cd3dc8" alt="QQQM logo" width="96" height="96" data-path="images/tokens/QQQM.svg" />
</Frame>

## At a glance

<CardGroup cols={2}>
  <Card title="Symbol" icon="tag">QQQM</Card>
  <Card title="Name" icon="signature">Melt QQQ</Card>
  <Card title="Category" icon="chart-pie">Index ETF</Card>
  <Card title="Underlying" icon="link">QQQon</Card>
</CardGroup>

<Note>
  Invesco QQQ ETF (Ondo tokenized ETF) brought natively to Hyperliquid by Melt Finance
</Note>

## Highlights

<CardGroup cols={1}>
  <Card icon="circle-check">Full NASDAQ-100 exposure through a single HIP-1 spot token, composable across the Hyperliquid ecosystem</Card>
  <Card icon="circle-check">1:1 backed by Ondo's tokenized QQQ on Ethereum — redeemable back to the original at any time</Card>
  <Card icon="circle-check">Accumulating Net Total Return: dividends and corporate actions reinvest automatically into the token's NAV</Card>
  <Card icon="circle-check">Trade 24/7 with sub-second settlement on HyperCore's native CLOB — no exchange-imposed trading halts, no pre-market, no weekends</Card>
</CardGroup>

## Underlying Asset

**QQQon** — issued by Ondo Finance

The Invesco QQQ Trust, Series 1 is an exchange-traded fund (ETF) launched by Invesco on March 10, 1999, which is structured to track the price and yield performance of the NASDAQ-100 Index.

| Field   | Value                                                                                                                 |
| ------- | --------------------------------------------------------------------------------------------------------------------- |
| Issuer  | Ondo Finance                                                                                                          |
| Address | [`0x0e397938c1aa0680954093495b70a9f5e2249aba`](https://etherscan.io/token/0x0e397938c1aa0680954093495b70a9f5e2249aba) |

## Deployment

### HyperEVM (chain 999)

| Field           | Value                                                                                                                    |
| --------------- | ------------------------------------------------------------------------------------------------------------------------ |
| Wrapped Address | [`0x3f56e73ec528ba1e69e66b36dcb4d96174d5580e`](https://hyperevmscan.io/token/0x3f56e73ec528ba1e69e66b36dcb4d96174d5580e) |
| Decimals        | 18                                                                                                                       |

### HyperCore

| Field      | Value                                                                                                                 |
| ---------- | --------------------------------------------------------------------------------------------------------------------- |
| Token ID   | [`0xf7d4cc2f969e1b4f6233bafd4f82f752`](https://app.hyperliquid.xyz/explorer/token/0xf7d4cc2f969e1b4f6233bafd4f82f752) |
| Spot Index | 308                                                                                                                   |

## Bridging

| Source Chain | Original Address                                                                                                      | Fee            | HyperCore Auto-Forward |
| ------------ | --------------------------------------------------------------------------------------------------------------------- | -------------- | ---------------------- |
| Ethereum     | [`0x0e397938c1aa0680954093495b70a9f5e2249aba`](https://etherscan.io/token/0x0e397938c1aa0680954093495b70a9f5e2249aba) | 0.30% (30 bps) | Yes                    |

## Trading Hours

24/7 — always open. No market hours, no weekends, no holidays.

## Launched

2026-04-14