Hyperliquid Jumps on Margin Upgrade, Oil Trading Frenzy

In brief

• Hyperliquid’s HYPE token surged as crude oil perpetuals volume reached $1.39B.
• Only seven of Hyperliquid’s top 30 permissionless markets are crypto, with the rest being commodities and equities.
• Nansen’s Søndergaard calls Hyperliquid “the altcoin darling with the most belief behind it.”