xStocks has launched MUx, SKHYx, NVDAx, QQQx and SPYx as native spot markets on Hyperliquid, enabling round-the-clock trading against USDC. NVDAx, QQQx and SPYx track Nvidia, the Nasdaq-100 ETF and the S&P 500 ETF. Each asset has about $1 million in liquidity, with average bid-ask spreads of 8 to 12 basis points, or 0.08% to 0.12%. The tokens provide economic exposure rather than direct ownership, exclude U.S. persons and remain geographically restricted, with more assets expected over time. Prediction-market pricing for Hyperliquid reaching $100 by Dec. 31, 2026, rose to 62.5% YES from 58% a day earlier, suggesting firmer confidence that the launch could lift engagement and liquidity. User activity, volume, partnerships, further tokenized offerings, regulation and institutional interest remain key factors to watch.