4 hours ago
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BULLISH 📈 : Hyperliquid’s HYPE token rises 8% after HIP-4 launch news
Hyperliquid's HyperCore Update
- Hyperliquid introduces the "HIP-4" protocol and support for "Outcomes" prediction market contracts in its HyperCore engine.
- "Outcomes" are fully collateralized contracts that settle within a fixed range, supporting applications like prediction markets and insurance-like products.
Testing Phase for Outcomes
- The HIP-4 launch is currently in the testing phase on testnet.
- Full deployment will occur after technical development is completed.
Expansion Beyond Perpetuals
- Hyperliquid plans to leverage HIP-4 for prediction market services such as Kalshi and Crypto.com on the HyperEVM blockchain once fully implemented.
- The growing popularity of prediction markets and Hyperliquid’s user growth positions HyperEVM as a hub for high leverage trading.
Market Reaction
- The HYPE token rose over 8% to $33.68 following the HIP-4 news, stabilizing around $33.00.
- This activity results in HYPE being up nearly 50% for the week and almost 35% for the month.
