According to Bloomberg, the perpetual contract CL-USDC tracking WTI crude oil on the crypto derivatives exchange Hyperliquid saw a trading volume of over $1.2 billion in the past 24 hours, surpassing ETH to become the platform's second-largest trading market, second only to BTC. The surge in trading volume coincided with the over 30% increase in oil prices in traditional markets due to the Middle East conflict. This contract uses USDC as margin and settlement asset and is a perpetual product with no expiration date. The current open interest stands at approximately $183 million. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57849