Wu Shuo learned that Grayscale issued a statement saying that Hyperliquid's HIP-3 proposal has extended perpetual futures from cryptocurrencies like BTC and ETH to traditional financial assets such as stocks, commodities, indices, and pre-IPO stocks.

The article disclosed that in March 2026, S&P Dow Jones Indices authorized a HIP-3 deployer to launch the first S&P 500 perpetual contract product on Hyperliquid.
Data shows that the related market hit a peak of $3.2 billion in open interest in June this year, with a total trading volume of $200 billion.