Entropy is a decentralized perpetual futures exchange on Hyperliquid focused on instruments tracking private startup equity and other real-world assets. Built as a HIP-3 market deployer, it brings traditionally hard-to-access markets onchain, enabling crypto-native traders to gain exposure to private companies such as Anthropic. Entropy leverages Hyperliquid’s trading infrastructure and liquidity to expand access to frontier markets, including private companies, equities, commodities, and indices.