Hyperliquid Rides Weekend Crude Trading Frenzy, Two Oil Perpetual Swaps Surpass $1 Billion in Open Interest

BlockBeats News, April 13th, according to official data, as the traditional markets closed for the weekend, Hyperliquid took on the crude oil trading frenzy, with the total open interest of the two oils surpassing $1 billion. The open interest of WTIOIL reached $670 million, while the open interest of BRENTOIL reached $334 million.

At the same time, traders on Hyperliquid started shifting to long positions on crude oil, and currently, the 24-hour funding rate for the two oils has risen to around 0.6%.