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

Hypercall, an exchange built on Hyperliquid, reports that most of its $640 million in trading volume since June has come from S&P 500 options. The activity highlights growing demand for traditional index exposure on decentralized platforms. For traders, it signals Hyperliquid's expanding use case beyond crypto, though the direct price impact on crypto assets is limited.