During the weekend, due to the escalating tensions in Iran, many traditional markets were closed. Traders flocked to the decentralized perpetual contract platform Hyperliquid, and the HYPE token price increased by approximately 6%. The exchange's 24-hour trading volume approached the highest level in nearly a month, reaching $200 million. Analysts pointed out that decentralized platforms like Hyperliquid can serve as the "first response venue for geopolitical risk," capturing "risk-driven capital flows" when traditional financial markets are closed. The platform's fee structure allocates revenue toward HYPE token buybacks, which means that volatility and trading growth can directly increase demand for the token.