I noticed something very interesting during that escalation of tension between the US and Iran. While traditional markets were closed over the weekend, Hyperliquid became practically the only place where you could truly hedge.

Think about it: oil, gold, all skyrocketing because of geopolitics, but the stock market and regular commodity markets? Closed. Then comes Hyperliquid with its perpetual contracts operating 24/7. People could trade contracts linked to these assets without interruption, without expiration, without relying on business hours. It was basically the only viable option for portfolio managers who needed real-time protection.

And this is no coincidence. Avi Felman, one of the key executives in the investment space, had already warned about the indispensability of platforms like this for funds and managers. The geopolitical crisis only confirmed exactly what he predicted — the necessity of having continuous access to crypto derivatives markets when everything else is shut down.

What caught my attention is how this demonstrates the growing indispensability of crypto derivatives in the global risk management strategy. It’s no longer just speculation — it has become an essential tool for protection when traditional markets close. Price discovery happens where there’s liquidity, and during these closing windows, all the liquidity is right there.

This situation basically validated what many in the community already knew: the indispensability of platforms that run nonstop is real. And it’s not just hype — it’s pure functionality in moments that matter.