BlockBeats News, March 9th, according to Coinbob Popular Address Monitoring, the trading volume of WTI crude oil (CL) on Hyperliquid surpassed $100 million for the first time on March 3rd and entered the top ten, with continued increasing activity. As of today, its 24-hour trading volume has exceeded $910 million, representing a week-on-week increase of up to 9110%. Among the top ten trading pairs by volume currently, U.S. stocks and commodities hold six positions.
Prior to the market’s heightened attention, several well-known on-chain traders and institutions had already positioned themselves in the RWA U.S. stocks and commodities track. Among them:
CBB (X: Cbb0fe): Took a $36.3 million short position on CL (crude oil), EWY (South Korean stock market), NATGAS (natural gas), and a basket of AI industry chain and tech stock shorts, also took a $4.76 million long position on gold. This may be for cross-market arbitrage or high-frequency market-making profit. The average entry price for the largest CL short position is $78.3, with positions opened on March 4th.
Continue Capital (Founder Pima): Took a $13.5 million long position on NVDA (Nvidia) and MU (Micron), with a total unrealized loss of $0.96 million. The average NVDA holding price is $190, with positions opened on November 17th last year.
Sky Genesis RuneKek: Took an $8.7 million long position on CL (WTI crude oil) and BRENTOIL (Brent crude oil), with an average long price of $92 for CL, realizing a $0.82 million gain, with positions opened on March 7th. Also took short positions on ETH and NDX 100 (XYZ100) for hedging, with a scale of about $5.4 million.
Abraxas Capital: Took a $26 million short position on GOLD (gold), with a realized gain of $0.92 million, average price $5273, positions opened on January 26th.
Loracle (X: loraclexyz): Took a $7.8 million short position on CL (crude oil), average price $92, positions opened on March 7th. Also took a $5.6 million short position on NVDA (Nvidia) and PAXG (gold), currently facing losses on both positions, with an unrealized loss of $1.1 million.
Ray (X: 0xRay518): Opened a long position on NVDA (Nvidia) on February 18th, with a previous position size of $16.5 million, average price $190. Closed the position five days ago at an average price of $178, temporarily exiting the market.
According to monitoring data, other on-chain RWA contract traders have exhibited the following holding characteristics: shorting high-premium assets or longing discounted assets during off-market hours; some traders relying on pre-betting on “non-trading hour” events; cross-platform arbitrage with the same asset, or arbitrage between different contracts of the same asset (such as GOLD, PAXG, XAU).
