[JPMorgan: Hyperliquid Gains Attention as Traders Seek 24/7 Oil Trading] According to The Block, JPMorgan analysts have noted that as non-crypto traders look to gain oil price exposure through perpetual contracts during traditional market off-hours and weekends, decentralized exchange Hyperliquid has seen a surge in recent activity. The platform's WTI crude oil perpetual contracts experienced a spike in trading volume during the weekend of escalating tensions in Iran, with peak daily trading volume reaching approximately $1.7 billion in mid-March and open interest rising to around $300 million, making it the third-largest trading product on the exchange after Bitcoin and Ethereum. Analysts stated that the demand for traditional assets outside regular trading hours is driving interest in decentralized exchanges like Hyperliquid. DEXs, with features such as on-chain order books, sub-second trade finality, and portfolio margining, are positioning themselves as professional-grade trading venues bridging traditional and crypto markets. Although recent momentum has slowed, this trend is expected to persist and potentially expand to other assets. Traditional financial exchanges are also moving toward 24/7 trading but typically do not offer perpetual contracts or high leverage commonly found on DEXs.