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S&P 500 Perpetual Goes Live on Hyperliquid Under S&P DJI License

The contract uses official index data to deliver always-on leveraged access to the benchmark through an on-chain venue.

Overview

  • S&P Dow Jones Indices licensed the S&P 500 to Trade[XYZ], enabling the first officially sanctioned perpetual contract tied to the index.
  • The market launches exclusively on Hyperliquid, offering 24/7 trading with leveraged long or short exposure for eligible non‑U.S. participants.
  • Pricing is sourced from S&P DJI’s institutional-grade index data, distinguishing the product from synthetic or unlicensed alternatives.
  • The instrument is a perpetual derivative with no expiry that relies on funding payments to track the index and does not represent equity ownership.
  • Platform scale underpins the rollout, with Hyperliquid reported at roughly $4.7 billion in TVL and Trade[XYZ] citing more than $100 billion in cumulative volume since October 2025.