Hyperliquid Predicted 80% of Oil Move Before Exchanges Opened

Hyperliquid, a decentralized perpetual futures platform, successfully predicted 80% of the oil price movement before traditional exchanges opened, according to a report by TD Securities. The platform's ability to offer perpetual futures for commodities and pre-IPO tech stocks is challenging traditional exchanges like CME and ICE in price discovery. This development is part of a broader trend where perpetual futures, initially a niche crypto instrument, are expanding into commodities and equities, driven by regulatory changes and institutional demand, according to CoinDesk.