Hyperliquid's weekly trading volume surpasses 15 billion USD, dominating on-chain derivatives trading in the commodities market
According to Financefeeds, the decentralized derivatives platform Hyperliquid saw a trading volume of approximately $15 billion in the past week, with commodity-related contracts being the main driver of this volume.
Perpetual contracts for commodities such as crude oil, gold, and silver continue to dominate the most active trading markets, with crude oil perpetual contracts exceeding $1.2 billion in 24-hour trading volume on certain trading days, and silver perpetual contracts averaging about $1.25 billion in daily trading volume. The platform's total daily trading volume once reached $15 billion, with a significant increase in the share of non-crypto market trading.
Hyperliquid's HIP-3 framework allows for the creation of perpetual contracts linked to various assets such as commodities, stocks, and indices, driving trading activity to diversify rapidly from traditional crypto pairs like btc-42">Bitcoin and Ethereum.
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