According to Wu Blockchain, ASXN data shows that with the U.S. and Iran reaching a two-week ceasefire agreement, Iran has reopened the Strait of Hormuz, causing oil prices to drop by 15%-20%. However, the WTIOIL-USDC market on Hyperliquid HIP-3 saw a surge in trading volume, reaching $2.4 billion in the past 24 hours, making it the second-largest trading asset on the platform after BTC. Notably, the spike in WTIOIL trading volume also pushed HIP-3's share of Hyperliquid's total trading volume to 47%. H/T: @castle_labs https://(wublock123.com)/news/us-iran-ceasefire-oil-price-drop-wtioil-usdc-volume-surges-hyperliquid-59270