Crude oil plummets, causing TradeXYZ trading volume to double and open interest to sharply decrease: combined oil trading volume surpasses BTC, reaching $3.65 billion

MarsBitNews · 2026-04-08T05:57:40+00:00

Affected by the US-Iran ceasefire, crude oil prices plummeted, and the TradeXYZ trading volume on the Hyperliquid platform surged to $5.01 billion, a 107% increase compared to the previous period. Meanwhile, open interest fell back to $1.85 billion, a 17% decrease. WTI crude oil's daily trading volume reached $2.42 billion, surpassing BTC to become the most active asset class.

MarsBitNews

2026-04-08 05:57:40

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Mars Finance news. On April 8, according to monitoring by Hyperinsight, driven by the U.S.-Iran ceasefire, crude oil prices crashed, which in turn caused the Hyperliquid platform HIP-3 ecosystem project TradeXYZ’s trading volume to surge passively by a large margin. Over the past 24 hours, trading volume reached $5.01 billion, up 107% month-over-month; meanwhile, open interest fell to $1.85 billion over the same period, down 17% month-over-month. The main reason for the volume expansion alongside tightening positions is the sharp pullback in WTI crude oil and Brent crude oil. Intra-day, their combined trading volume totaled $3.65 billion, including $2.42 billion for WTI crude oil alone, about twice as much as Brent oil. At present, the combined trading volume of the two oils has already surpassed BTC, becoming the most active asset class on the platform.

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