GMXSOL Launches Perpetual S&P 500 ETF Contract on Solana

Published: 2025-08-08 16:59:14 |

GMXSOL has launched its first real-world-asset (RWA) perpetual S&P 500 ETF contract (SPY/USD) on the Solana blockchain. The perpetual S&P 500 ETF contract went live on August 8, 2025, powered by Chainlink Data Streams for real-time SPY pricing. This move taps into growing demand for tokenized real-world assets. The global RWA sector is projected to reach $30 trillion by 2030, while on-chain tokenized assets surged to $25.4 billion, up 17% in the past month. By integrating Chainlink’s feeds, GMXSOL ensures accurate, low-latency prices. The platform leverages Solana’s high throughput and low fees to deliver a seamless trading experience. Traders can now access leveraged SPY/USD positions without relying on centralized intermediaries. This perpetual S&P 500 ETF contract could attract fresh liquidity into DeFi and reshape capital flows between traditional and decentralized markets. The launch aligns with U.S. regulatory advances such as the GENIUS Act and the SEC’s Project Crypto, which aim to bring traditional markets on-chain.

Bullish

This news is bullish for Solana (SOL). In the short term, launching a perpetual S&P 500 ETF contract on Solana is likely to boost network activity and trading volume, increasing demand for SOL to cover transaction fees. In the long term, GMXSOL’s use of Chainlink Data Streams to bring regulated equity derivatives on-chain can attract institutional and retail investors into the Solana ecosystem. Expanded use cases for real-world asset contracts and rising DeFi liquidity could strengthen SOL’s adoption and price stability over time.