S&P 500 Licensed for Perpetual Futures Contract on Hyperliquid

S&P Dow Jones Indices has licensed the S&P 500 to Trade[XYZ] for a perpetual futures contract on Hyperliquid, marking the first officially licensed on-chain derivative linked to the index. According to NS3.AI, this development allows eligible non-U.S. investors to trade leveraged S&P 500 exposure continuously through a contract without an expiration date. Following the announcement, Hyperliquid's native token, HYPE, experienced a 2.2% increase in the subsequent 24 hours.