Gate News, March 19: JPMorgan released a report stating that the decentralized exchange Hyperliquid is attracting an increasing number of non-cryptocurrency traders, particularly those seeking exposure to crude oil prices outside of trading hours. The report indicates that during last weekend when Middle East tensions escalated, traditional markets (such as CME) closed, while trading volume for WTI perpetual futures contracts on Hyperliquid surged significantly, reaching a peak of approximately $1.7 billion per day, with open contract positions around $300 million, making it the third-largest trading product on the platform, behind only Bitcoin and Ethereum. This product is denominated in USDC and supports a maximum leverage of 20x. JPMorgan believes that the growth of platforms like Hyperliquid reflects increasing demand for trading traditional assets 24/7. Unlike DEXs relying on Automated Market Maker (AMM), Hyperliquid uses an on-chain order book model, providing more accurate pricing, lower slippage, and a trading experience similar to traditional exchanges.