[Hyperliquid Crude Oil Perpetual Contract 24-Hour Trading Volume Nears $1 Billion] Odaily Planet Daily News: Amid geopolitical fluctuations, cryptocurrency traders are turning to decentralized derivatives platform Hyperliquid to trade oil-related perpetual contracts. Data shows that Hyperliquid's oil perpetual contracts recorded approximately $991 million in trading volume over the past 24 hours, far surpassing the roughly $75,000 trading volume of similar contracts on the Coinbase platform. Influenced by the situation in Iran, Brent crude oil prices experienced significant volatility, and traders leveraged the 24/7 operation of the crypto market to conduct leveraged trading with USDC collateral during traditional market closures. Additionally, Hyperliquid allocates a portion of transaction fees to repurchase its native token HYPE, and the surge in trading activity has also driven up the price of HYPE. (Decrypt)