Iran War Spurs Oil Trading Surge on Hyperliquid: JPMorgan

TLDR JPMorgan reported that the Iran war triggered a surge in oil trading on Hyperliquid. Traders turned to Hyperliquid’s CL USDC perpetual as CME markets closed over the weekend. The oil contract reached a peak daily trading volume of $1.7 billion during the spike. Open interest on the contract climbed to around $300 million following [...]

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