Amid Middle East unrest, crude oil soared above $100, hyperliquids-linked perps wiped out more than $1 billion.
Hyperliquid: “The Place to Be”
As we reported last Monday, Hyperliquid is solidifying its reputation as “the room where it happens” for a new class of traders who will trade in Hyperliquid’s tokenized oil perpetuity, as well as metals and other “critical assets”.
In a post on the X social network on Thursday morning, the official account of Hyperliquid announced that Real World Assets (RWA) trading on the platform continues to break records, as it now “exceeds $1.3 billion in open interest and over $1.4 billion over the weekend.” As stated on Monday, these times of extreme geopolitical turmoil have finally overtaken TradFi, as traders look for alternatives to act faster on their turbulent demands: Hyperliquid is always available, even when the legacy futures markets are closed at the end of the week.
Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3 billion in open interest and over $1.4 billion in weekend volume.
When traditional markets are closed, Hyperliquid is the best place to discover 24/7 prices on oil, metals, indices and more…
– Hyperliquid (@HyperliquidX) March 12, 2026
The structural advantages of DEX such as Hyperliquid are incomparable when fast-changing situations create equally volatile emotions: 24/7 access, HIP-3 unauthorized list and the ability to measure oil, gold and stock indices without going through a broker.
Related reading
Increase HYPE
Hyperliquid’s original token, $HYPE, is rallying alongside oil: HYPE has seen a rise of more than 8% in the last 24 hours to $37, a huge improvement from its previous plunge of more than 50% from last September’s high.
This increase is in line with the predictions of BitMEX founder Arthur Hayes. On March 9, Hayes shared an essay on Substack explaining why he believes $HYPE will reach $150 by August 2026. An article titled “$HYPE Man” presents Hyperliquid as the top exchange play for 2026 because it pays regardless of the direction the market is trading. Hyperliquid is one of the largest fee-generating protocols in crypto, and Hayes argues that almost all of those fees go back to HYPE through buys and burns, making the token a direct bet on the chain’s derivatives income.
Related reading
Hayes believes that assuming earnings return to peak levels and the market is willing to revalue Hyperliquid to a higher valuation than it still is under some TradFi-listed exchanges, $HYPE could reach around $150 by mid-2026. In his opinion, the growth of macro-packaged products such as oil and gold listed through HIP‑3 are important in this regard, because more oil flow in Hyperliquid means more protocol payments and a stronger HYPE redemption engine.
My essay on why $HYPE it will reach 150 dollars by August 2026.
https://t.co/M1la2HpdzT
— Arthur Hayes (@CryptoHayes) March 9, 2026
The Iran war, tank incidents, and supply scares are reviving the classic “oil shock” playbook, just as DeFi spaces like Hyperliquid share commodity risk through tokens. If conflicts and energy shocks continue, tokenized oil in Hyperliquid could increase sentiment and pricing between DeFi and TradFi.
HYPE'S price trends to the upside on the daily chart. Source: HYPEUSDT on Tradingview
Cover image from Perplexity, HYPEUSDT chart from Tradingview
