According to Odaily Planet Daily, JPMorgan Chase reports that the decentralized exchange Hyperliquid is attracting a growing number of non-crypto traders, particularly those seeking exposure to crude oil prices outside of trading hours. The report notes that during the recent weekend of escalating tensions in the Middle East, traditional markets (such as the CME) were closed, while trading volume on Hyperliquid's WTI crude oil perpetual contracts surged. Daily trading volume for this contract reached approximately $1.7 billion, with open interest around $300 million, making it the platform's third-largest trading instrument after Bitcoin and Ethereum. Priced in USDC and supporting up to 20x leverage, this product is attractive to traders seeking efficient exposure. JPMorgan Chase believes that the growth of platforms like Hyperliquid reflects a rising demand for 24/7 trading of traditional assets. Unlike DEXs that rely on Automated Market Makers (AMMs), Hyperliquid uses an on-chain order book model, offering more precise pricing, lower slippage, and a trading experience closer to that of traditional exchanges.
JPMorgan Chase: Hyperliquid gains popularity due to its support for 24/7 crude oil trading.
2026-03-19 22:20:38
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