Crypto M - Crypto News

🚀 Tokenized Oil Trading Surges Amid Middle East Conflict

Decentralised exchange Hyperliquid has processed over $160 million in tokenized oil perpetuals following a 30% surge in crude oil prices, which have risen above $110 a barrel due to escalating tensions in the Middle East. According to NS3.AI, Hyunsu Jung from Hyperion DeFi noted that tokenized traditional assets have accounted for up to 30% of Hyperliquid's daily trading activity during peak periods, as more traditional finance firms utilize the platform for macro hedging. Despite this activity, Hyperliquid's HYPE token remains just above $30, nearly 50% below its September peak, even as several U.S. spot ETF filings reference it and a related treasury firm has been listed on Nasdaq.

#TokenizedOil #OilTrading #MiddleEastConflict #Hyperliquid #DeFi #CrudeOil #MacroHedging #ETFs #Nasdaq #FinancialMarkets

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Crypto M - Crypto News

🚀 Hyperliquid's HYPE Token Rises Amid Surge in Tokenized Oil Trading

Hyperliquid's token HYPE experienced a notable increase, reaching an intraday high of $35.28. According to NS3.AI, this rise coincided with the decentralized exchange's tokenized crude oil perpetuals achieving $1.39 billion in 24-hour trading volume, positioning it as one of the top markets alongside Bitcoin. The increased oil trading activity is attributed to traders seeking energy exposure amid rising global tensions. Hyperliquid reported over $5 billion in open interest and more than $4 billion in total value locked. Additionally, Hyperliquid announced that its portfolio margin system will transition from pre-alpha to alpha for smaller accounts, while its HIP-3 permissionless markets recently achieved $1.2 billion in open interest.

#Hyperliquid #HYPEToken #TokenizedOil #CrudeOil #Perpetuals #DecentralizedExchange #Bitcoin #EnergyExposure #GlobalTensions #OpenInterest #TotalValueLocked #PortfolioMargin #HIP3 #PermissionlessMarkets #BTC

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