[Amid Turmoil in Iran, Crypto Traders Turn to Hyperliquid for Oil-Related Trading] According to a report by Jinse Finance, the 24-hour trading volume of perpetual contracts linked to crude oil on the Hyperliquid platform reached approximately $991 million, far surpassing the trading activity of similar contracts on Coinbase. Earlier this week, Brent crude oil prices briefly surged to around $119.50 per barrel due to market concerns that the Iran conflict might disrupt oil transportation through the Strait of Hormuz, before retreating slightly. Hyperliquid allocates a portion of transaction fees to repurchase its HYPE tokens, linking the surge in derivatives trading activity to the potential demand for this asset.