Gate News: On March 19, JPMorgan released a report stating that the decentralized exchange Hyperliquid is attracting an increasing number of non-crypto traders, especially users seeking oil price exposure outside trading hours. The report pointed out that during the recent weekend when tensions in the Middle East escalated and traditional markets like CME were closed, trading volume of WTI crude oil perpetual contracts on Hyperliquid surged significantly, with daily trading volume reaching approximately $1.7 billion and open interest around $300 million. It became the platform’s third-largest trading product, after Bitcoin and Ethereum. This product is USDC-denominated and supports up to 20x leverage. JPMorgan believes that the growth of platforms like Hyperliquid reflects rising market demand for 24/7 trading of traditional assets. Unlike DEXs relying on automated market makers (AMMs), Hyperliquid uses an on-chain order book model, offering more precise pricing, lower slippage, and a trading experience closer to traditional exchanges.
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