Wu Blockchain (@WuBlockchain): According to Bloomberg, an oil-linked perpetual contract (CL-USDC) on the crypto derivatives exchange Hyperliquid recorded more than $1.2 billion in t…
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According to Bloomberg, an oil-linked perpetual contract (CL-USDC) on the crypto derivatives exchange Hyperliquid recorded more than $1.2 billion in trading volume over the past 24 hours, surpassing ETH to become the platform’s second-most traded market after BTC. The surge came as oil futures on traditional exchanges jumped more than 30% amid escalating tensions in the Middle East. The contract is a perpetual derivative margined and settled in USDC, with open interest reaching about $183 million. https://www.bloomberg.com/news/articles/2026-03-09/oil-trades-are-booming-on-24-7-crypto-exchange-hyperliquid