Hyperliquid Maintains Perp Market Lead, Expands into Prop Trading, RWAs, and Oil Trading

HYPE token at ATH $76.90 with $10B open interest and 53% perp market share. Protocol expanding into onchain prop trading and tokenized RWAs. A short whale was liquidated on CXMT in 34 seconds ($95K loss). HIP-4 proposal to absorb prediction market volume. HYPE ETFs saw outflows after 9-week streak. New development: DeFi oil trading surged to $1.7B daily WTI volume amid Iran war disruptions, with HYPE gaining 35% and JPMorgan acknowledging structural shift.