Crude oil contracts become Hyperliquid's second-largest market, with daily trading volume surging from $21M to $1.2B According to Bloomberg, as the Middle East conflict escalates, the WTI crude oil perpetual contract CL-USDC on Hyperliquid saw its 24-hour trading volume exceed $1.2 billion, making it the platform's second-largest trading market after Bitcoin—an almost 60x increase compared to the approximately $21 million before the US-Israel strike on Iran. On Sunday, the contract briefly pushed oil prices to $107/barrel, completing real-time pricing of the Iran situation hours before Wall Street opened.