"So, 24/7 global events are creating demand for 24/7 markets. There's been plenty of enthusiasm about blockchain enabling 24/7 markets for years, but now there's real market demand."
"Hyperliquid saw daily trading volume for a popular oil contract reach a high of nearly $1.7 billion, which is nearly 250 times more volume than the contract saw right before the U.S. and Israel started bombing Iran in late February."
"Launched in 2023, Hyperliquid is one of the hottest projects in crypto. Jeff Yan, a former crypto trader who went to Harvard, teamed up with a handful of employees to design a decentralized exchange as well as a blockchain that powers the trading platform."
Hyperliquid, a blockchain launched in 2023, has become a major destination for oil price speculation through perpetual futures contracts. The platform experienced dramatic trading volume increases during geopolitical conflicts, with daily oil contract volume reaching nearly $1.7 billion—250 times higher than pre-conflict levels. Founded by Harvard-educated former crypto trader Jeff Yan, Hyperliquid operates as a decentralized exchange offering 24/7 trading capabilities. The platform's success reflects growing market demand for continuous trading outside traditional 9:30 a.m.-to-4 p.m. weekday stock exchange hours. Perpetual futures allow traders to speculate on asset prices without holding underlying assets. Hyperliquid generated nearly $700 million in revenue over the past year, challenging major exchanges like Binance.
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