Hyperliquid Launches S&P 500 Mapping Contract, Position Value Exceeds $19.6M

KuCoinFlash

Release Time: 03/19/2026 02:55:33

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Summary

Hyperliquid has launched the S&P 500/USDC trading pair, with trading volume reaching $31.5 million in its first 24 hours. The contract, deployed via HIP-3, supports up to 50x leverage. Position value has already exceeded $19.6 million, and trading activity remains robust as the pair gains momentum.

BlockBeats report, March 19: According to Hyperinsight monitoring, Trade.xyz has deployed the S&P500/USDC trading pair on the Hyperliquid platform via the HIP-3 protocol, with leverage of up to 50x.

The contract officially launched last night, and as of this writing, the cumulative trading volume has reached $31.5 million, with open interest rapidly rising to $19.6 million.

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