Hyperliquid's weekly trading volume surpasses $15 billion, with commodities market dominating on-chain derivatives trading.

PANews reported on March 23 that, according to FinanceFeeds, the decentralized derivatives platform Hyperliquid saw a trading volume of approximately $15 billion over the past week, with commodity-related contracts being the primary driver of this volume. Perpetual contracts for commodities such as crude oil, gold, and silver continued to be among the most actively traded markets. Crude oil perpetual contracts saw 24-hour trading volumes exceeding $1.2 billion on some trading days, while silver perpetual contracts saw daily trading volumes of approximately $1.25 billion. The platform's total daily trading volume reached $15 billion in a single day, with a significant increase in the proportion of trading from non-crypto markets. Hyperliquid's HIP-3 framework allows the creation of perpetual contracts linked to various assets, including commodities, stocks, and indices, driving a rapid diversification of trading activity from traditional crypto pairs such as Bitcoin and Ethereum.