$BTC BlockBeats News, March 2nd, as the conflict between the US and Iran escalates and traditional financial markets are closed for the weekend, the crypto derivatives platform Hyperliquid has become a key venue for investors to hedge commodity risks. According to Bloomberg, around the outbreak of the conflict on February 28th, a large number of crypto traders flocked to Hyperliquid, trading perpetual contracts linked to oil, gold, and other commodities to respond to geopolitical shocks. Because perpetual contracts have no expiration date and support 24/7 continuous trading, they have become the only available real-time hedging tool during traditional market closures. Previously, senior investment executive Avi Felman predicted, "Hyperliquid will become indispensable for fund managers because it operates 24/7 without halting." This judgment has been validated during this Middle East crisis—while major global commodity and forex markets are closed, the crypto futures market takes on the functions of price discovery and risk hedging. Analysts believe that this kind of "wartime liquidity testing" is strengthening the role of the crypto derivatives market within the global macro risk system.