Oil futures propel Hyperliquid to $2B in daily volume
Hyperliquid's oil futures just hit $1.99 billion in 24-hour volume on March 9, 2026, according to one report; other reports said the oil contract had surpassed Ethereum to become the platform's second-biggest market after Bitcoin.
Hyperliquid's around-the-clock trading leads to massive liquidations
If you're into markets that never sleep, Hyperliquid is worth a look.
Unlike old-school exchanges that pause on weekends, this platform lets you trade 24/7, even during wild price swings like the recent 30% oil jump linked to Middle East tensions.
That round-the-clock access led to a surge in action, with $40 million in liquidations (mostly short sellers caught off guard).
HIP-3 update and weekend market dynamics boost platform's growth
A new update called HIP-3 lets third-party deployers list real-world-asset perpetual contracts (such as oil), which coincided with a large increase in open interest (into the hundreds of millions).
Plus, with other markets closed on weekends and supply worries in places like the Strait of Hormuz, traders flocked to Hyperliquid, helping generate substantial trading-fee revenue for the platform and cement its spot as a top player in perpetual futures.