Hyperliquid's HIP-3 and the Nasdaq index trading volume have both been around $200-300 million over the past couple of days, which basically confirms the demand from overseas traders for perpetual contracts on U.S. indices. I tried it out myself a few times, and from my perspective, it feels more appealing than traditional stock tokenization. Hyper has once again hit the market demand, but if this market grows bigger, I wonder what kind of compliance challenges it might face.