Crude Oil Surges Past $90, Attracting Crypto Investors to Hyperliquid

Hyperliquid's platform has seen a significant increase in activity following the surge in crude oil prices to over $90 per barrel. The XYZ:CL contract, which maps WTI light crude oil, is now the fifth most actively traded asset on HIP-3.

The open interest on the contract expanded to $66.06 million, while the total volume generated by HIP-3 reached $2.2 billion on March 6 alone. This represents a significant increase in activity compared to previous days.