Hyperliquid has launched NVDA-PERP, the first community-managed perpetual swap for Nvidia stock on a decentralized exchange. This innovative product, introduced through the HIP-3 framework, enables 24/7 trading with leverage up to 10x. Within 24 hours of its debut, NVDA-PERP has achieved $12 million in trading volume and $5.8 million in open interest. The HIP-3 auction system facilitated Trade.XYZ in securing the Nvidia ticker for community management, with the market creator receiving 50% of trading fees. Currently, the price of NVDA-PERP stands at $192.54, reflecting a 1.24% decrease over the past day.