CryptoWorld News: On March 10, following the events of February 28 when the US and Israel suddenly took military action against Iran, the traditional markets were closed due to the weekend. On-chain gold products perfectly met traders’ demand for trading related to this event. Similarly, last weekend, the closure of the Strait of Hormuz and production cuts by Middle Eastern oil-producing countries stimulated market demand for crude oil products. Hyperliquid once again stepped in, even offering a one-day low-price buying opportunity. As of the 10th, the trading volume of WTI crude oil (CL) on Hyperliquid has surged from over $100 million on March 3 to $1.83 billion in the past 24 hours, a weekly increase of 1830% and a daily increase of 220%. The open interest reached $170 million. Currently, CL contract trading volume has reached 1.8 times that of ETH, ranking second on the platform after BTC. According to data from DefiLlama, since the outbreak of the Iran conflict, Hyperliquid’s platform revenue has increased from $8.54 million to $15.2 million, a weekly growth of over 60%.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
