On March 23, daily trading volume on Hyperliquid reached a record $5.4 billion, driven by increased user interest in commodities.
HIP-3 just printed another ATH in perp volume
here is what people are trading:
— Silver: $1.3B
— WTI Crude Oil (CL): $1.2B
— Brent Crude Oil (BRENT): $940M
— Gold: $558M
— Nasdaq: $370M
— S&P500: $271MTotal: $5.4B on Mar 23
HIP-3 are finding their product market fit through… pic.twitter.com/RvCZlXQZH3
— ZJ (@0xslayerrrr) March 24, 2026
According to Artemis, the structure of the most popular assets was as follows:
- silver — $1.3 billion;
- WTI crude oil — $1.2 billion;
- Brent — $940 million;
- gold — $558 million.
Traders also showed activity in trading stock indices. The turnover for Nasdaq contracts was $370 million, and for S&P 500 — $271 million.
Analysts note that the platform has found its niche in the derivatives sector for commodities and assets sensitive to macroeconomic news.
Experts at Binance believe that there is historically no stable correlation between the prices of the leading cryptocurrency and oil. In their view, internal events in the crypto industry, rather than geopolitical factors, pose a real threat to Bitcoin’s price.
Wintermute Enters the Oil Market
Wintermute Asia has opened access to contracts for difference (CFD) on WTI crude oil. Transactions are conducted through the company’s over-the-counter (OTC) desk.
24/7 access to the world’s most liquid energy benchmark
Crude oil CFDs are now live via Wintermute Asia’s OTC desk, with:
‣ Leveraged WTI exposure
‣ Weekend and holiday trading
‣ Zero-fee execution
‣ Fiat and crypto collateral
‣ Chat, NODE, and API access pic.twitter.com/BEkCgXoKqA— Wintermute (@wintermute_t) March 24, 2026
The new instrument provides round-the-clock access to the asset, including weekends and holidays. This allows positions to be opened with leverage when traditional commodity exchanges are closed.
The launch followed a recent spike in volatility. At the opening of trading on March 23, WTI prices surged sharply, then corrected by 13.5% intraday. Participants in traditional markets could not hedge risks over the weekend and respond to price changes until Monday.
“We see high demand from counterparties looking to use cryptocurrency infrastructure to trade traditional products like oil. Wintermute clients could have capitalized on the weekend movement before the session opened,” said the company’s CEO, Evgeny Gaevoy.
Trading CFDs on WTI is available with zero fees through chat, Wintermute’s proprietary platform, or API. A wide range of fiat currencies and digital assets are accepted as margin collateral.
Back in February, the market maker added support for tokenized gold on its OTC platform.