#binance #hype #zec #near
09/03/26 23:55 UTC-04

Daily trading volume of Hyperliquid’s oil-linked contract reached a record $1.89 billion

Over the past 24 hours, the trading volume of the perpetual contract linked to oil prices (CL-$USDC) on Hyperliquid (HYPE) reached a historical peak of $1.89 billion.


Source: Hyperliquid.

A higher turnover was recorded only in the Bitcoin (BTC)-based contract.


Source: Hyperliquid.

The open interest in the contract increased to $178 million.


Source: Hyperliquid.

The role of Hyperliquid

Such high trading activity occurred amid the historic surge and subsequent pullback in oil prices, driven by the escalation of tensions in the Middle East and signals that several G7 countries may release part of their strategic oil reserves to stabilize the situation.

Before the U.S. and Israeli strikes on Iran and the suspension of tanker transit through the Strait of Hormuz, the CL-$USDC trading volume stood at only $21 million.

Because traditional trading platforms were closed during the weekend, many traders were forced to switch to Hyperliquid.

Perpetual contracts on DEX platforms provide 24/7 access through the HIP-3 protocol, allowing market participants to take exposure to price movements in oil, metals, stocks, and currencies.


Top ten most active contracts on HIP-3. Source: Hyperliquid.

Earlier, BitMEX co-founder Arthur Hayes highlighted the strong performance of TradeXYZ instruments tracking the Nasdaq 100 and S&P 500 indices, as well as gold and silver.

According to him, these instruments will drive further growth in Hyperliquid’s metrics.

See also: "Oil surge of 30% triggers massive short liquidations on Hyperliquid"

#Hyperliquid (HYPE) #record

Editor: Yulia Krasnaya
Comments

Similar

21/05/26 15:58 UTC-04

Hyperliquid Token Surges 50% in a Week and Hits a Record High

The native token of the decentralised perpetual futures exchange Hyperliquid has surged more than 50% over the past week amid growing institutional interest. Strong demand for the asset in the United States has been compared to the performance of Bitcoin.

27/08/25 21:33 UTC-04

Hyperliquid token price hits new all-time high of $50

On August 27, the price of the Hyperliquid (HYPE) token reached a new all-time high of $50.99. Over the past week, the crypto asset has gained 22%, and in the last 24 hours it rose by 14%.