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3 hours ago
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BULLISH 📈 : Hyperliquid Unveils HIP‑4, Sending HYPE 14% Higher

Hyperliquid, the decentralized exchange responsible for the HYPE token, announced a new initiative that contrasts with the current bearish crypto market sentiment. The HYPE token increased by approximately 14% following this announcement.

Key Developments

  • The increase in HYPE’s value was spurred by the introduction of HIP‑4, which proposes outcome-based trading supported by HyperCore, Hyperliquid's Layer‑1 blockchain engine.
  • Outcome contracts are designed to settle within a predefined range without relying on leverage or liquidations, distinguishing them from traditional derivative contracts.
  • The proposal is aimed at supporting prediction markets and options-like instruments where demand is rising.

Following the news, HYPE maintained its position above $30, trading near $33.22. In the past week, it surged by about 48%, contrasting with declines in major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin (BNB).

Broader Implications

  • Outcome contracts introduce non-linear payoff structures and fixed-duration contracts, expanding the potential financial products on HyperCore.
  • These developments could offer more efficient hedging strategies when combined with perpetual futures.
  • Permissionless market creation is planned, allowing broader user engagement and market innovation.

Currently, outcome contracts are under testing, with plans for standardized markets based on objective settlement sources upon completion. Community feedback will influence further deployment.

Technically, HYPE faces resistance around $34, which has capped recent gains. Overcoming this level could dictate the continuation of its rally.