Weekend Iran Strike Highlights Shift to 24/7 Blockchain Markets
- Bitwise CIO Matt Hougan noted the shift to blockchain-based systems following a US strike on Iran.
- Crypto markets provided price discovery when traditional exchanges were closed, according to Hougan.
- Hyperliquid, a decentralized exchange, saw increased activity and was referenced by Bloomberg for crude oil contracts.
- The platform’s native token, HYPE, surged approximately 30% over the weekend.
- XAUT, a gold-backed asset issued by Tether, recorded over $300 million in daily trading volume during this period.
The recent geopolitical event demonstrated the growing importance of blockchain venues like Hyperliquid for continuous market access. The rise in trading volumes and HYPE’s significant gain underscore this shift.
Source (3.2)https://cryptobriefing.com/finance-onchain-shift-accelerates/?rand=59535
