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$HYPE Due to geopolitical tensions driving oil prices above $105, Hyperliquid's decentralized derivatives exchange saw oil-related trading volume exceed $500 million in 24 hours. Its native token HYPE rose 27% this week, approaching $39. The platform's real-world asset framework HIP-3 currently accounts for 30% of daily trading volume, with its CEO noting that liquidity, low costs, and innovation are key competitive advantages. The exchange operates 24/7, unaffected by traditional market closures, allowing users to hedge during oil price spikes and stock market declines. However, HYPE remains 34% below its September peak of $59.