GMXSOL has introduced a perpetual contract for the S&P 500 ETF (SPY) on the Solana blockchain, enabling decentralized leveraged trading for the SPY/USD pair.
Chainlink’s real-time price oracle technology ensures accurate market data feeds for the contract, enhancing trading reliability and risk management within the decentralized finance ecosystem.
This product leverages the liquidity of the S&P 500 ETF, one of the most actively traded instruments tracking U.S. equity markets, while operating entirely on a decentralized platform rather than traditional financial infrastructure.
The launch comes amid growing institutional interest in tokenized real-world assets, with market projections anticipating sector growth to $30 trillion by 2030.