Hypercall Hits Open Interest Cap at 3% of Underlying Notional Volume
Hypercall Hits Open Interest Cap at 3% of Underlying Notional Volume
馃殌 Hypercall hits the ceiling
Hypercall reached its open interest (OI) cap after capturing approximately 3% of the underlying asset's notional volume.
Key Points:
- The platform maxed out its current OI limits during trading
- This occurred shortly after launching $SPX options
- The team is considering removing the caps to allow for further growth
Market Context:
- Capturing just 1% of the SPX options market would represent $28 billion in daily option volume
- This would generate billions in delta hedging open interest on Hyperliquid Perps
The platform's rapid approach to its OI cap suggests strong initial demand for its options products.
Hypercall did about 3% of underlyings notional volume before maxing out our OI cap. 馃憖 Wonder what happens when we remove the caps
Hypercall SDK Launches with Rust Support
The Hypercall SDK is now available on GitHub with Rust implementation. **Key Details:** - Repository: [hypercall-rust](https://github.com/hypercall-public/hypercall-rust/) - SDK enables developers to integrate Hypercall functionality into their applications - Rust implementation provides performance and safety benefits The release follows recent infrastructure improvements in the cross-chain ecosystem, including GMGN's global distributed deployment on AWS and their transition to operating as a Solana validator node with self-built RPC trading nodes. Developers can now access the SDK to build applications leveraging Hypercall's capabilities.
Desktop Trading Shell Rebuilt with Live Charts and Enhanced Features
The desktop trading interface has undergone a complete rebuild with several new features: - **Live charts** now include position lines for better trade visualization - **Bulk cancel** functionality for managing multiple orders at once - **Quote popovers** for quick price information - **Sortable history** to organize past trades - **Cleaner funding** interface - Improved states and stability throughout the platform This follows earlier desktop improvements including a redesigned trading shell, new trade dropdown, ticker tape, and optimized deposit flow for larger screens.
Hypercall Expands to Two Live Markets on Hyperliquid
Hypercall now operates two live markets on Hyperliquid, with additional markets planned for immediate launch. The platform previously announced a trading competition and mainnet launch scheduled for the following month.
Synapse Launches Standard Margin Shorting for Options Trading
**Standard Margin shorting is now live on Synapse**, enabling traders to sell calls and puts directly on-chain. The platform supports: - Long premium positions - Short premium positions - Defined-risk spreads This launch follows the recent addition of **SP500 options on Hypercall**, which went live on June 29th. The upgraded desktop shell now provides full options trading capabilities including calls, puts, and spreads. Traders can now execute sophisticated options strategies with margin requirements, expanding beyond simple long positions to include short selling and spread trading.
SP500 Options Launch on Hypercall with Full Trading Suite
Hypercall has launched SP500 options trading on-chain through an upgraded desktop platform. **Available Trading Options:** - Call options - Put options - Spreads - Standard Margin shorting The launch follows the earlier release of $SPCX and represents a significant expansion of traditional financial instruments into decentralized finance. All trading functionality is now accessible through Hypercall's enhanced desktop interface. [Trade on Hypercall](https://app.hypercall.xyz/)