Hyperliquid Oil Futures Volume Reaches $1.29B as Middle East Conflict Roils Energy Markets

Hyperliquid has recorded $1.29 billion in trading volume on its oil perpetual futures, placing the product just behind Bitcoin at $3.56 billion and ahead of Ether at $1.24 billion. The surge, a 66.67% jump from the prior day's $720 million, has been driven by a sharp move in oil prices linked to the US-Iran war and disruptions in Middle East energy infrastructure. At the same time, the DEX's broader HIP-3 real-world asset markets and its HYPE token have also seen notable gains.