Hyperliquid Oil Perps Hit Record High

The post Hyperliquid Oil Perps Hit Record High appeared first on Coinpedia Fintech News

Open interest in Hyperliquid’s CL USDC oil perpetual contract climbed above $50M in late February 2026 as escalating tensions between the United States, Israel, and Iran drove traders toward commodity exposure. Oil on the platform rose 5% to 70.60 dollars per barrel, while gold gained 1.3% to $5323 and silver advanced 2% to $94.90. Following the HIP 3 upgrade, Hyperliquid expanded permissionless markets, pushing total trading volume beyond 4 trillion dollars and daily fees above 2 million dollars.