Analysis: Iran Conflict Drives Market Shift Toward 24/7 Trading, On-Chain Platforms Emerge as New Scenario for Round-the-Clock Price Discovery

Odaily Planet Daily News The escalating situation in Iran is becoming a real-world stress test for the financial market's "24/7 trading" capabilities. Market analyst Huang pointed out that against the backdrop of the latest geopolitical conflict, traders did not wait for traditional financial markets to open; instead, they traded directly through blockchain infrastructure, conducting round-the-clock price discovery and risk hedging for assets like crude oil and gold on on-chain platforms such as Hyperliquid.

Analysis suggests that the current speed of information dissemination far exceeds the response mechanisms of traditional markets. News spreads instantly across different time zones, yet the traditional trading system remains constrained by opening hours and weekend market closures. This prevents prices from reflecting the latest information in real-time, often leading to concentrated volatility and liquidity shocks when markets reopen.

In contrast, blockchain networks offer 24/7 operation and real-time settlement capabilities, allowing traders to continuously adjust their positions outside of traditional trading hours. This is seen as a supplement or even an alternative to the traditional market structure. During the Iran conflict, this "non-stop market" model further highlighted its value.

Analysts point out that the core contradiction lies in the structural mismatch between market infrastructure and the information environment. Although the traditional financial system still holds advantages in liquidity and scale, time boundaries are becoming a source of efficiency loss, particularly evident in a macro environment prone to high volatility and unexpected events.

Meanwhile, on-chain derivatives platforms represented by Hyperliquid are validating the feasibility of a 24/7 market and gradually undertaking part of the risk pricing function during weekends and non-trading hours. However, the industry generally believes that current on-chain systems still face constraints in terms of liquidity depth, performance, and institutional-grade risk control, making it difficult to completely replace traditional exchanges in the short term.

Overall, the market is shifting from a "trading session-driven" model towards "information-driven perpetual trading," and the competition at the infrastructure level is accelerating. (CoinDesk)