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.

Tokenized perpetual oil contracts on the Hyperliquid (HYPE) platform recorded nearly $40 million in liquidations over the past 24 hours, according to CoinGlass. Of this amount, $36.9 million came from short positions, which were liquidated as oil prices surged by about 30% due to the sharp escalation of the conflict involving Iran.

Cryptocurrency

The Hyperliquid (HYPE) cryptocurrency has maintained its recent upward momentum, rising another 23% in a single day to $33.46. Trading activity is quickly rebounding alongside the price, with spot volume up more than 90% over the past 24 hours.

Cryptocurrency

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%.