On March 23, the daily trading volume on Hyperliquid reached a record high of $5.4 billion, fueled by increased user interest in commodity trading.
HIP-3 just printed another ATH in perp volume
— ZJ (@0xslayerrrr) March 24, 2026
here is what people are trading:
— Silver: $1.3B
— WTI Crude Oil (CL): $1.2B
— Brent Crude Oil (BRENT): $940M
— Gold: $558M
— Nasdaq: $370M
— S&P500: $271M
Total: $5.4B on Mar 23
HIP-3 are finding their product market fit through… pic.twitter.com/RvCZlXQZH3
According to Artemis, the breakdown of the most popular assets was as follows:
- Silver — $1.3 billion;
- WTI Crude Oil — $1.2 billion;
- Brent — $940 million;
- Gold — $558 million.
Traders were also active in stock index trading, with Nasdaq contracts totaling $370 million and S&P 500 contracts at $271 million.
Analysts note that the platform has carved out a niche in the derivatives market for commodities and macro-sensitive assets.
Wintermute Enters Oil Market
Wintermute Asia has launched access to Contracts for Difference (CFD) on WTI crude oil, with trades conducted through the company's OTC desk.
24/7 access to the world's most liquid energy benchmark
— Wintermute (@wintermute_t) March 24, 2026
Crude oil CFDs are now live via Wintermute Asia’s OTC desk, with:
‣ Leveraged WTI exposure
‣ Weekend and holiday trading
‣ Zero-fee execution
‣ Fiat and crypto collateral
‣ Chat, NODE, and API access pic.twitter.com/BEkCgXoKqA
This new tool provides round-the-clock access to the asset, including weekends and holidays, allowing traders to open leveraged positions when traditional commodity exchanges are closed.
The launch follows a recent surge in volatility. On March 23, WTI prices spiked sharply at the market open, then corrected by 13.5% within the day. Traditional market participants were unable to hedge risks over the weekend and respond to price changes until Monday.
“We see high demand from counterparties wanting to use cryptocurrency infrastructure to trade traditional products like oil. Wintermute clients could capitalize on movements over the weekend before the session opened,” said CEO Evgeny Gaevoy.
Trading CFDs on WTI is available with zero commissions through chat, Wintermute's platform, or API. A wide range of fiat currencies and digital assets can be used as margin collateral.
Recall that in February, the market maker added support for tokenized gold on its OTC platform.