Hyperliquid Active Contracts Hit Record $1.2 Billion as Traders Turn to Crypto Markets on March 8

Hyperliquid’s active contracts reached a record $1.2 billion on March 8 as traders used crypto exchanges while traditional commodity markets were closed. According to NS3.AI, Energy Aspects said around-the-clock perpetuals could help narrow the Friday discount in short-dated WTI implied volatility. Institutional interest in the market is beginning to emerge, but large firms still face limits tied to liquidity and infrastructure. The firm’s comments point to continued interest in crypto-based trading access alongside structural constraints for broader adoption.