Hyperliquid's daily trading volume for crude oil-related CL-USDC contracts has surpassed $1.2 billion, making it the second-largest trading market

PANews
2026.03.10 00:29

PANews, March 10th news, according to Bloomberg, as the Middle East conflict escalates and disrupts global supply chains, the CL-USDC contract tracking WTI crude oil perpetual contracts on the cryptocurrency exchange Hyperliquid saw a trading volume exceeding $1.2 billion in the past 24 hours, becoming the second-largest trading market on the platform after Bitcoin. This contract tracks the price of West Texas Intermediate crude oil, which surged to $107 per barrel on Sunday, providing real-time pricing signals for the market regarding the escalation of the situation in Iran just hours before Wall Street opened. Coinglass data shows that nearly $75 million in short positions were liquidated in the past day as prices rose. The daily trading volume of this contract surged from about $21 million before the U.S. strikes against Iran, with open interest reaching $183 million

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