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Analysis: Iran conflict drives the market toward 24/7 trading, on-chain platforms become new all-weather price discovery scenarios
ME News Report, May 15 (UTC+8), the escalation of the Iran situation is becoming a real stress test for the "24/7 trading" capability of financial markets. Market analyst Huang pointed out that in the context of the latest geopolitical conflicts, traders did not wait for traditional financial markets to open but instead traded directly through blockchain infrastructure, conducting all-day price discovery and risk hedging on on-chain platforms like Hyperliquid for assets such as crude oil and gold.
Analysis suggests that the current speed of information dissemination has far surpassed the response mechanisms of traditional markets. News spreads instantly across time zones, but traditional trading systems are still constrained by opening hours and weekend market closures, resulting in prices not reflecting the latest information in real time and often releasing volatility and liquidity shocks when markets reopen.
In contrast, blockchain networks offer 24/7 operation and real-time settlement capabilities, enabling traders to continuously adjust their positions outside trading hours, seen as a supplement or even an alternative to traditional market structures. During this Iran conflict, this "non-stop market" model has further demonstrated its value.
Analysts point out that the core contradiction lies in the structural mismatch between market infrastructure and information environment. Although traditional financial systems still hold advantages in liquidity and scale, the boundaries of time are becoming a source of efficiency loss, especially in macro environments characterized by high volatility and frequent sudden events.
Meanwhile, on-chain derivative platforms like Hyperliquid are testing the feasibility of all-weather markets and gradually taking on some risk pricing functions during weekends and outside trading hours. However, industry consensus generally holds that current on-chain systems still face constraints in liquidity depth, performance, and institutional-grade risk control, making it difficult to fully replace traditional exchanges in the short term.
Overall, the market is gradually shifting from "trading session-driven" to "information-driven perpetual trading," with competition at the infrastructure level accelerating. (Source: ODAILY)