Hyperliquid Oil Perpetual Futures Reach $3 Billion in 24-Hour Volume

WTIOIL recorded more than $2 billion in daily trading volume, while BRENTOIL reached $1 billion, according to the source.

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Terms & Concepts
  • Perpetual futures: Crypto-linked derivative contracts with no expiry date, allowing traders to speculate on price movements continuously.
  • 24-hour trading volume: The total value of assets traded over a one-day period, often used to measure market activity and liquidity.
  • Hyperliquid: A crypto trading platform focused on onchain derivatives and high-speed perpetual futures markets.