X @Wu Blockchain

According to Bloomberg, an oil-linked perpetual contract (CL-USDC) on the crypto derivatives exchange Hyperliquid recorded more than $1.2 billion in trading volume over the past 24 hours, surpassing ETH to become the platform’s second-most traded market after BTC. The surge came as oil futures on traditional exchanges jumped more than 30% amid escalating tensions in the Middle East. The contract is a perpetual derivative margined and settled in USDC, with open interest reaching about $183 million.https://t. ...