PiCK
Hyperliquid volume hits $14.39 billion as rising oil prices drive expansion in crude derivatives
Summary
- The decentralized derivatives platform Hyperliquid recorded cumulative trading volume of about $14.39 billion over the past seven days, with open interest (OI) at roughly $1.73 billion.
- In the commodities market, West Texas Intermediate (WTI) futures (CL) rose 2.13% over 24 hours to $97.87 a barrel, with open interest of about $265 million and trading volume of $201 million.
- Brent (BRENT) climbed 2.13% to $106.40 a barrel, with open interest of about $362 million and trading volume of roughly $194 million, as oil’s rise amid heightened Middle East tensions is seen as driving increased derivatives trading.
Forecast Trend Report by Period
Trading activity on the decentralized derivatives platform Hyperliquid is expanding, while the crude-oil-led commodities market is showing strength.
According to UBlockchain on the 22nd (local time), Hyperliquid HIP-3 posted cumulative trading volume of about $14.39 billion over the past seven days, while open interest (OI) stood at roughly $1.73 billion.
In commodities, crude oil contracts are leading activity. West Texas Intermediate (WTI) futures (CL) traded at about $97.87 a barrel, up 2.13% over 24 hours. Open interest for the contract was around $265 million, with volume at $201 million.
Brent (BRENT) also rose 2.13% to about $106.40 a barrel, extending gains. Open interest was about $362 million, and volume came in at around $194 million.
Market participants see the recent oil-price surge driven by heightened Middle East tensions as fueling the expansion in derivatives trading.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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