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Hyperliquid Oil Perps Hit Record High Amid Geopolitical Tensions

Hyperliquid Oil Perps Hit Record High Amid Geopolitical Tensions

Author:

Global Cryptocurrency

Published:

2026-03-03 06:41:02

18

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BTCCSquare news:

Open interest in Hyperliquid’s CL USDC oil perpetual contract surged past $50 million in late February 2026 as escalating Middle East tensions drove traders toward commodities. The platform’s oil contract ROSE 5% to $70.60 per barrel, outpacing gains in gold (+1.3% to $5,323) and silver (+2% to $94.90).

The HIP 3 upgrade catalyzed Hyperliquid’s expansion into permissionless markets, propelling total trading volume beyond $4 trillion and daily fees above $2 million. 'When geopolitics flare, oil perps become the casino chips of degens and hedgers alike,' remarked a Singapore-based derivatives trader.

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