Iran war drives oil trading boom on Hyperliquid

Geopolitical tensions stemming from the Iran conflict have significantly boosted oil trading on the decentralized exchange Hyperliquid, according to JPMorgan. The bank noted a surge in 24/7 perpetual futures trading as investors sought continuous price discovery when traditional markets, like CME, were closed. Hyperliquid's oil contract saw substantial daily volume and open interest, attracting non-crypto investors. This trend highlights growing demand for round-the-clock access to traditional assets, accelerating DEX growth and potentially capturing market share from centralized exchanges by offering speed, liquidity, and continuous access.