Bitwise CIO says weekend Iran strike exposed advantage of 24/7 markets like Hyperliquid

Bitwise CIO Matt Hougan argued that the recent weekend US strike against Iran demonstrated the significant advantage of 24/7 blockchain-based financial systems. When traditional US equity markets, futures, and currency desks were closed, on-chain platforms became the primary venue for price discovery following the geopolitical news. Hyperliquid, a decentralized exchange offering perpetual futures on assets including crude oil, saw sharp volume increases, and its native token, HYPE, gained about 30%. Tokenized gold (XAUT) also saw high trading volume. Hougan stated this was the first time blockchain venues effectively served as the main market during a major event, concluding that the shift to on-chain finance is inevitable and will happen sooner than anticipated, compelling institutions to adopt stablecoins and decentralized infrastructure.

(Source：Crypto Briefing)