Key Insights:
Hyperliquid crypto benefits as oil futures push HIP-3 volumes.
Oil’s share of HIP-3 open interest surged to 31%.
Trading on Hyperliquid is diversifying beyond crypto, with commodities, equities, and indices gaining momentum.
Hyperliquid crypto just concluded the week with a 20% plus upside. This meant that it was the biggest gainer among the top 50 coins by market cap. The reasons behind its weekly rally were just as interesting.
The Hyperliquid crypto traded as low as $30.25 earlier in the week and surged as high as $38.5 by the end of the week. A slight retracement put its press time price tag at just over $37. It was equivalent to a 21% weekly upside.
Hyperliquid crypto price action | source: TradingView
HYPE token’s weekly performance is built on the same bullish energy that it has maintained since the start of the year. It is so far one of the cryptocurrencies that have recovered substantially after the bearish performance late last year. Althoug
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