Oil futures contracts on HyperLiquid currently account for $1.2 billion, a value rivaled only by Bitcoin.$USDC.
This surge was accelerated by the ongoing conflict between the United States and Iran, which has affected key energy production and oil transportation systems.
The exchange has benefited from a market that is open 24 hours a day, 365 days a year, rather than closing at night or on weekends like traditional markets.
HyperLiquid, the world’s leading decentralized exchange (DEX) for perpetual futures trading, has reached $1.29 billion in oil futures trading volume. This is currently matched only by Bitcoin at $3.56 billion, with Ether a close runner-up at $1.24 billion. This figure represents a 66.67% jump from yesterday’s $720 million.
Source: Hyper Liquid
The increase was mainly due to the war between the US and Iran, which caused oil prices to rise 30% to $120 per barrel. News of an impending oil shortage has spread due to the closure of the Strait of Hormuz and the disruption of several energy producers in the Middle East.
However, at the time of writing, Hyperliquid CL-$USDC The contract tracking West Texas Intermediate (WTI) crude oil had 24-hour trading volume of $1.99 billion. This corresponded to a fall of 10.78% after oil prices fell to $85.32 per barrel following intervention by the G7 developed countries and the International Energy Agency (IEA). Together, the companies plan to release more than 1.2 billion barrels of emergency barrels, which will be further cushioned by surpluses reported by the U.S. Energy Information Administration (EIA) last year. Investors also speculated that a U.S. military takeover would return global oil supplies to pre-conflict levels.
Source: Hyper Liquid
Liquidation of long positions has now exceeded $40 million, with one whale losing a whopping $1.55 million.
Why Hyper Liquid recorded remarkable numbers
Hyperliquid’s results, including $844 million in 2025 revenue, are driven by its HIP-3 marketplace, which trades real world assets (RWA) 24/7 with execution speed and liquidity comparable to major exchanges.
Silver continues to be the most traded RWA due to strong demand from artificial intelligence (AI) and electric vehicle (EV) developers. At the time of writing, the industrial metal was trading at $87, up 5% in the past 24 hours.
Meanwhile, HYPE was trading at $35.20, up 16% on the day, following a surge in DEX trading volume.
Source: CoinGecko
