---
title: "Hyperliquid's daily trading volume for crude oil-related CL-USDC contracts has surpassed $1.2 billion, making it the second-largest trading market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278465055.md"
description: "The CL-USDC contract on the Hyperliquid cryptocurrency exchange saw a trading volume exceeding $1.2 billion in the past 24 hours, making it the second-largest trading market on the platform, second only to Bitcoin. This contract tracks the price of WTI crude oil, which surged to $107 per barrel on Sunday, reflecting the impact of the Middle East conflict on the global supply chain. As prices rose, nearly $75 million in short interest was liquidated, with open contracts reaching $183 million"
datetime: "2026-03-10T00:29:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278465055.md)
  - [en](https://longbridge.com/en/news/278465055.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278465055.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278465055.md) | [繁體中文](https://longbridge.com/zh-HK/news/278465055.md)


# 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, 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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