Hypercall records $592M in options volume since June launch

The Hyperliquid-based options venue has found its breakout product in an index that predates crypto by several decades The most popular bet on a crypto-native options exchange right now is the S&P 500. Hypercall, an on-chain options platform built on the Hyperliquid L1 blockchain, has recorded $640 million in S&P 500 options volume since June, according to CoinDesk. A venue born in DeFi is getting its biggest traction from the index your financial advisor keeps telling you to hold forever. That matters because on-chain equity products have usually been easier to announce than to fill with trades.