I’ve been excited for the onchain options to take off this year, so I wanted to cover another project getting into the space. Hypercall is an onchain options exchange built on the HyperEVM by the Synapse team. It’s live on mainnet alpha right now, and the team is pretty open about going for the largest onchain options venue.

The most exciting thing here is that they’ve launched alpha with SpaceX options rather than BTC, ETH, or SOL, unlike almost every other exchange. If I’m not mistaken, this is one of the first times traditional stock options have been made available onchain with a true orderbook and a custom risk engine for MMs to use perp positions as margin against their options book (pls correct me if