Rolling out 24/7 S&P 500 perpetuals exposes a massive market gap. Traditional equity markets shut down 128 hours weekly, leaving $50 trillion in positions essentially frozen until Monday. Meanwhile, Hyperliquid generated $140 million in fees throughout 2024 purely from crypto perpetuals trading. Here's the math: if a platform captures even 5% of equity index perpetual volume, that translates to roughly $20 million annually. The real play isn't just offering another futures contract—it's capturing the dormant capital that traditional finance locks away every weekend. Institutional traders stuck watching their positions sit idle are primed for this.