Hyperliquid's permissionless perpetual futures platform HIP-3 has reached a new all-time high in user numbers, with open interest reaching $1.2 billion. This growth is mainly driven by futures linked to traditional assets such as stocks and commodities, with tokenized stock contracts XYZ100-USDC leading the way with open interest of $213 million. Amid tensions in the Middle East, crude oil prices have surged past $110 per barrel, and the 24-hour trading volume of crude oil futures contract CL-USDC has also hit $1.62 billion.

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