S&P 500 options are the hottest bet on this Hyperliquid exchange

Talk about options on the S&P 500 index, and you are discussing a beast of a market that trades trillions of dollars in notional volume every day. Crypto traders now appear to want to access it over a blockchain. Hypercall illustrates the demand. The options platform built on Hyperliquid, the eighth-largest blockchain by total value locked (TVL), went live in June, and more than 80% of the $640 million in notional volume since then has come from S&P 500 options, the exchange told CoinDesk.