Hyperliquid, a cryptocurrency trading platform, has seen a significant increase in the trading volume of its crude oil perpetual contracts. According to data from Kaiko, the cumulative trading volume for these contracts has skyrocketed from approximately $339 million on February 28 to about $7.3 billion. The perpetual contracts, which allow for 24/7 trading, have attracted traders looking to speculate on oil price movements during weekends when traditional futures markets are closed.
Hyperliquid's Crude Oil Perpetual Contracts Surge to $7.3 Billion
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