Trade.xyz Sees Surge in Traditional Asset Contracts on Hyperliquid Platform

On April 30, Trade.xyz experienced a notable increase in activity on the Hyperliquid platform, according to BlockBeats On-chain Detection. The deployment of traditional asset mapping contracts through the HIP-3 protocol has seen open interest rise to previous highs, reaching $2.156 billion, which accounts for over 90% of the HIP-3 market share. Concurrently, trading volume has reached approximately $2.718 billion. In other developments, U.S. President Donald Trump has stated that blockade measures are 'more effective than bombing' and has rejected Iran's three-stage negotiation proposal. This has contributed to escalating geopolitical tensions in the Middle East, leading to a significant surge in the crude oil market. Brent crude oil prices have approached their highest levels in nearly two years. Driven by these factors, trading activity for WTIOIL and BRENTOIL on the Hyperliquid platform has increased, with a combined daily trading volume of $1.32 billion, surpassing the trading volume of ETH during the same period.