{"id":94834,"date":"2026-03-02T14:07:35","date_gmt":"2026-03-02T11:07:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94834"},"modified":"2026-03-02T14:10:28","modified_gmt":"2026-03-02T11:10:28","slug":"traders-shift-to-hyperliquid-for-oil-and-gold-trading-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/traders-shift-to-hyperliquid-for-oil-and-gold-trading-amid-geopolitical-tensions\/","title":{"rendered":"Traders Shift to Hyperliquid for Oil and Gold Trading Amid Geopolitical Tensions"},"content":{"rendered":"

Amid escalating tensions between the US, Israel, and Iran, crypto traders have flocked to the decentralized exchange Hyperliquid<\/a>. On March 1, following US and Israeli strikes on Iran, the prices of perpetual oil futures surged by nearly 20%.<\/p>\n

The weekend closure of traditional exchanges spurred interest in tokenized<\/a> commodities. The highest demand was for HIP-3 instruments, which were introduced on Hyperliquid in October 2025<\/a>. <\/p>\n

The price of the USOIL token paired with the stablecoin<\/a> USDH reached a local high of $97, before correcting to $87.<\/p>\n

Daily trading volume for the asset reached $17 million. At the time of writing, the figure stands at over $10 million. <\/p>\n

\"image\"
Hourly chart of USOIL\/USDH on Hyperliquid. Source: Hyperliquid<\/a>.<\/figcaption><\/figure>\n

Gold on Hyperliquid returned to levels near $5400 per ounce with a trading turnover exceeding $159 million. <\/p>\n

\"image\"
Hourly chart of GOLD\/USD on Hyperliquid. Source: Hyperliquid. <\/figcaption><\/figure>\n

The highest activity was recorded in the perpetual futures market linked to silver, where daily trading volume reached $398 million. The price of the precious metal on the platform broke through $95. <\/p>\n

\"image\"
Hourly chart of SILVER\/USD on Hyperliquid. Source: Hyperliquid<\/a>. <\/figcaption><\/figure>\n
\n

\u201cThis is proof of the strength of tokenized assets and perpetual contracts built on cryptocurrency infrastructure,\u201d said Kenny Chan, head of the stablecoin ecosystem at Coinbase, in a comment to <\/em>DL News<\/em><\/a>. <\/em><\/p>\n<\/blockquote>\n

According to him, previously, during significant geopolitical events over the weekend, traders had no choice but to turn to Bitcoin. <\/p>\n

\n

\u201cThis weekend was an exception. Investors no longer needed to go through the first cryptocurrency. They went directly to Hyperliquid and traded what truly mattered: perpetual futures on oil, gold, and silver,\u201d the expert noted. <\/em><\/p>\n<\/blockquote>\n

Amid trader activity, the HYPE token momentarily rose by 20% \u2014 from $26 to $32. Currently, the asset is trading around $30.3. <\/p>\n

\"image\"
Hourly chart of HYPE\/USDT on Bybit. Source: TradingView<\/a>. <\/figcaption><\/figure>\n

In the past 24 hours, Bitcoin’s price has decreased by 0.4% to $66,300. Ethereum has lost 1.6%, falling to $1,900 (CoinGecko<\/a>). <\/p>\n

On March 2, analyst CryptoTalisman predicted<\/a> a surge in the first cryptocurrency amid a \u201cflight to safety.\u201d <\/p>\n

JAN3 CEO Samson Mow expressed<\/a> a similar view, citing the overheated gold market as a reason. <\/p>\n","protected":false},"excerpt":{"rendered":"

Amid escalating tensions between the US, Israel, and Iran, crypto traders have flocked to the decentralized exchange Hyperliquid.<\/p>\n","protected":false},"author":1,"featured_media":94835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Traders flock to Hyperliquid amid US-Iran tensions.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,787,536,1823],"class_list":["post-94834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-dex","tag-gold","tag-hyperliquid"],"aioseo_notices":[],"amp_enabled":true,"views":"198","promo_type":"1","layout_type":"1","short_excerpt":"Traders flock to Hyperliquid amid US-Iran tensions.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94834"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94834\/revisions"}],"predecessor-version":[{"id":94836,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94834\/revisions\/94836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94835"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}