According to WSJ, crude oil perpetual contract trading volume on cryptocurrency trading platform Hyperliquid has grown rapidly in recent weeks. Kaiko data shows that the platform's cumulative trading volume for crude oil perpetual contracts surged from approximately $339 million on February 28 to approximately $7.3 billion. Since perpetual contracts support 24/7 trading, some traders are making early bets on oil price movements during weekends when traditional futures markets are closed.

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