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Hypercall founder pushes simpler options trading as September volume hits $536M

  • —Hypercall traded $536M in September and $592M since its June 1 launch
  • —Repeat traders generated 93% of volume; the venue ran a $7,000 incentive program
  • —Most September activity came from S&P 500 options, including bets on the Iran war
  • —Off-session spreads run 1.5–2x regular levels; market makers hedge via Hyperliquid perpetuals
Why it matters: Hypercall is testing a model where options are hedged with Hyperliquid perpetuals in a single account, potentially cutting costs and widening access to options on traditional assets.
Source: crypto.news