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Riding the Wave of Commodity Trading Boom, Hyperliquid Platform Sees Weekly ROI Surge Over 60%
BlockBeats News, March 10th. On February 28th, the US suddenly took military action against Iran. As this occurred over the weekend when traditional markets were closed, on-chain gold products perfectly met traders' demand for trading in response to the event. Similarly, last weekend, with the closure of the Strait of Hormuz and oil-producing countries in the Middle East cutting production, market demand for oil-related products surged. Hyperliquid once again stepped in, even providing a one-day buying opportunity at a low price.
As of the 10th, trading volume of WTI crude oil (CL) on Hyperliquid has skyrocketed to $18.3 billion in the past 24 hours since first surpassing $1 billion on March 3rd, marking a weekly increase of 1830% and a daily increase of 220%, with open interest reaching $170 million. Currently, the CL contract volume is 1.8 times that of ETH, ranking second on the platform's trading volume leaderboard, only behind BTC.
According to DefiLlama data, since the Iran conflict broke out, Hyperliquid platform revenue has surged from $8.54 million to $15.2 million, a weekly growth of over 60%.
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