Hyperliquid Rides Weekend Crude Oil Trading Frenzy, Two Oil Unfilled Contracts Surpass $1 Billion

BlockBeats News, April 13th - According to official data, as the traditional markets closed for the weekend, Hyperliquid witnessed a surge in crude oil trading. The total open interest of the two oil contracts surpassed $1 billion, with the WTIOIL open interest at $670 million and the BRENTOIL open interest at $334 million.

At the same time, traders on Hyperliquid started to shift towards longing crude oil, leading to a 24-hour funding rate of approximately 0.6% for the two oils.