Decentralized derivatives platform Hyperliquid reported a trading volume of approximately $15 billion over the past week, driven primarily by commodity-related contracts. Perpetual contracts for commodities like crude oil, gold, and silver were among the most actively traded, with crude oil contracts alone reaching 24-hour volumes of over $1.2 billion on certain days. Silver contracts also saw significant activity, with daily volumes around $1.25 billion. The platform's total daily trading volume hit $15 billion, marking a notable shift towards non-crypto markets. Hyperliquid's HIP-3 framework facilitates the creation of perpetual contracts linked to various assets, including commodities, stocks, and indices, enabling diversification beyond traditional crypto pairs such as Bitcoin and Ethereum.