Hyperliquid's weekly trading volume exceeds $15 billion, dominating on-chain derivatives trading in the commodities market

According to market news, the decentralized derivatives platform Hyperliquid had a trading volume of approximately $15 billion in the past week, with commodity-related contracts being the main driver of trading volume.

Perpetual contracts for commodities such as crude oil, gold, and silver continue to rank among the most active trading markets, with crude oil perpetual contracts exceeding $1.2 billion in 24-hour trading volume on certain trading days, and silver perpetual contracts having a daily trading volume of about $1.25 billion. The platform's total daily trading volume once reached $15 billion in a single day, with a significant increase in the share of non-crypto market trading. Hyperliquid's HIP-3 framework allows for the creation of perpetual contracts linked to various assets such as commodities, stocks, and indices, driving trading activity to diversify rapidly from traditional crypto pairs like Bitcoin and Ethereum.