Hyperliquid’s oil-linked markets remained active after the platform reported more than $550 million in 24-hour trading volume on March 16. According to Onchain Lens, a whale deposited an additional $1.5 million in USDC to Hyperliquid, bringing total deposits to $7.1 million. The wallet then opened a 20x leveraged short on BRENTOIL and continued to hold a CL 20x short valued at $8.8 million, adding a notable large-trader development to the platform’s oil-contract activity.