Hyperliquid Crude Oil Contract Volume Reaches 32% of NYMEX Futures, On-chain Contract "Penetration" One Thousandth of Traditional Markets

BlockBeats News, June 1st, according to Hyperinsight Monitoring, on the last trading day (last Friday), the overall transaction volume of Trade.xyz's HIP-3 traditional asset contract reached $21.6 billion, a 20% increase from the 7-day average; during the same period, the transaction volume of the traditional market (ETFs + Futures + Cash Stocks) was approximately $1.56 trillion. Based on this calculation, Trade.xyz's transaction volume has accounted for approximately 0.139% of the overall traditional market.

Looking at the sectoral benchmarking, the "penetration rate" of on-chain RWA contracts into the traditional market varies among different assets:

Commodities:

Brent Crude Oil: Using the previous day's trading volume of the corresponding futures main contract on the New York Mercantile Exchange as a benchmark, Trade.xyz's Brent contract volume has reached approximately 29.7% (Note: Brent Crude Oil is mainly traded on the Intercontinental Exchange ICE); WTI Crude Oil: The volume of Trade.xyz's corresponding contract is about 2.31% of the main futures contract.

The total of the two oils is about 32%. Among them, WTI Crude Oil is the largest market in terms of single-day transaction volume on Trade.xyz, reaching $475 million.

US Stocks:

In the traditional market, Micron Technology (MU) and NVIDIA (NVDA) are at the forefront of trading volume. The corresponding contract volume on Trade.xyz accounts for approximately 0.278% and 0.14% of the global traditional stock market's actual stock trading volume, with corresponding transaction amounts of $163 million and $85.11 million, respectively.

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