According to Paradex Network (@tradeparadex), $HYPE Perpetual Options are now officially live on the Paradex platform as of May 23, 2025. This launch introduces advanced derivative trading for $HYPE, enabling traders to access perpetual options with leverage and hedge positions more effectively. The addition of $HYPE perpetual options is expected to increase liquidity and attract both institutional and retail traders to Paradex, benefiting overall trading volumes and volatility in the crypto derivatives market (source: Paradex Network Twitter).