JPMorgan: Hyperliquid is gaining increasing attention as traders seek 24/7 oil trading.

CoinFeed reported on March 20th, citing The Block, that JPMorgan analysts noted a recent surge in activity on the decentralized exchange Hyperliquid as non-crypto traders seek exposure to oil prices through perpetual contracts during traditional market closures and weekends. Trading volume for WTI crude oil perpetual contracts on the platform surged during weekends coinciding with the escalation of the Iran nuclear deal, peaking at approximately $1.7 billion per day in mid-March, with open interest rising to around $300 million, making it the exchange's third-largest trading product after Bitcoin and Ethereum. Analysts stated that demand for traditional assets outside of trading hours is driving interest in decentralized exchanges like Hyperliquid. With features such as on-chain order books, sub-second transaction finality, and portfolio margining, DEXs are positioning themselves as professional-grade trading venues bridging traditional and crypto markets.