On October 15, after Wall Street closed, Elon Musk unveiled a prototype of Tesla’s flying Roadster, triggering a 1,580% surge in the Tesla perpetual contract volume on Hyperliquid, reaching 47 million dollars in just one hour. Over twenty-four hours, total volume on this contract reached 159 million dollars, with 99 million dollars in open interest concentrated on this platform, representing the largest open betting volume across all platforms. Hyperliquid had already established itself as the reference for oil trading outside traditional hours: in April 2026, the WTI perpetual contract peaked at 1.53 billion dollars in volume during the naval blockade of the Strait of Hormuz ordered by Donald Trump. According to a study by TD Securities reported by CoinDesk, Hyperliquid captured approximately 80% of oil price movement before the CME even reopened. Faced with this threat, the CME and ICE alerted the CFTC and the U.S. Congress about manipulation and sanctions evasion risks.
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