Hyperliquid may soon launch support for major stock index futures.
Hyperliquid continues to outperform the market, rallying again after the founder of Unit, the Hyperliquid spot token infrastructure, revealed that Unit is testing two new tickers, ES and NQ, which are presumed to be on-chain stock index futures tracking the S&P 500 and NASDAQ.
HYPE rallied another 5% after the post, extending the token’s gains to more than 20% over the last week, with HYPE approaching $44 before retracing.
Excitement surrounding the platform continues to grow amid HYPE’s bullish price action, with the token up more than 300% off its April low of $9.50.
Onchain stock trading has been a hot topic in 2025 as the regulatory environment becomes more favorable under the Trump administration.
In May, Robert Leshner, the founder of Compound Finance and Superstate, announced that Superstate was also moving forward with an initiative to launch regulated onchain stock trading, called Opening Bell.
Hyperliquid remains the third most profitable project in DeFi over the last 30 days; however, a majority of recent attention on the product is centred on its Layer 1 blockchain, the HyperEVM.
The chain’s total value locked (TVL) has surged by 311% over the last two months. While the growth is partially catalyzed by the increase in HYPE’s valuation, chain activity has also picked up as users flock to the ecosystem to try and get a piece of any future Hyperliquid or native protocol airdrops.
