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Mar 10, 2026 upd. 11 Jun

Hyperliquid oil trading tops $1.2B as HYPE jumps 10%

1 min

Hyperliquid oil perps hit $1.2B. HYPE jumps 10% on demand

Oil-linked trading on Hyperliquid topped $1.2B in 24 hours. HYPE outperformed the top 100.

CL‑USDC perps tracking WTI drove the spike. Volume crossed $1.2B. Open interest reached $183M. This became the platform’s No.2 market after Bitcoin, ahead of Ethereum. Source: Hyperliquid app.

The contract references USDC as margin. Prior daily volume was ~$21M. Activity accelerated on recent macro oil moves. Source: Hyperliquid app.

HYPE rose about 10% on the day. Arthur Hayes set a $150 target by August 2026. Source: Hayes essay.

Meanwhile, Bitcoin gained ~2.5%. Ethereum added ~3.4%.

  • CL‑USDC 24h volume over $1.2B source
  • Open interest $183M source
  • HYPE intraday move ~+10%
  • Hayes target $150 by Aug 2026 source

HYPE chart