GMXSOL, a decentralized finance protocol built on Solana, has announced the launch of its first perpetual contract for the S&P 500 ETF, marking a significant development in financial technology.
Launch of Perpetual Contract for S&P 500 ETF
On August 8, GMXSOL introduced the perpetual contract for the SPY/USD pair, allowing traders access to financial instruments that track the S&P 500 index. The S&P 500 ETF, listed on NYSE Arca under the ticker SPY, is considered one of the most liquid funds reflecting the performance of 500 companies within the index.
Relevance of Tokenized Real-World Assets
With this contract launch, GMXSOL responds to the growing interest in tokenized real-world assets. Forecasts indicate that the real-world asset sector is on track to reach $30 trillion by 2030. As of August 8, 2025, the total on-chain value of tokenized assets exceeds $25.4 billion, with the number of asset holders increasing by over 17% in the last 30 days.
Integration with Chainlink and Crypto Asset Market
GMXSOL has also executed a strategic integration with Chainlink, which recently launched Data Streams for U.S.-listed equities and ETFs. This data supports DeFi protocols like GMX and Kamino to obtain real-time pricing for major assets. Tokenized assets available for trading include SPY, CRCL, QQQ, NVDA, and AAPL.
The launch of the perpetual contract for the S&P 500 ETF by GMXSOL highlights the growing interest in tokenization of real-world assets and the integration of traditional financial instruments into the decentralized finance sector.
