Riding the wave of bulk commodity trading, Hyperliquid platform's weekly returns increased by over 60%

CoinNetwork · 2026-03-10T06:04:05+00:00

On March 10, it was reported that after the U.S. and Israel took military action against Iran, the demand for on-chain gold and crude oil product trading surged. The Hyperliquid platform performed outstandingly during this event, with WTI crude oil trading volume increasing significantly and profits rising by over 60%.

CoinNetwork

2026-03-10 06:04:05

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CryptoWorld News: On March 10, following the events of February 28 when the US and Israel suddenly took military action against Iran, the traditional markets were closed due to the weekend. On-chain gold products perfectly met traders’ demand for trading related to this event. Similarly, last weekend, the closure of the Strait of Hormuz and production cuts by Middle Eastern oil-producing countries stimulated market demand for crude oil products. Hyperliquid once again stepped in, even offering a one-day low-price buying opportunity. As of the 10th, the trading volume of WTI crude oil (CL) on Hyperliquid has surged from over $100 million on March 3 to $1.83 billion in the past 24 hours, a weekly increase of 1830% and a daily increase of 220%. The open interest reached $170 million. Currently, CL contract trading volume has reached 1.8 times that of ETH, ranking second on the platform after BTC. According to data from DefiLlama, since the outbreak of the Iran conflict, Hyperliquid’s platform revenue has increased from $8.54 million to $15.2 million, a weekly growth of over 60%.

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