Hyperliquid Token Surges 21% on Prediction Markets Plan

The HYPE token surged nearly 20% after the team behind Hyperliquid signaled support for expanding into onchain prediction markets.

The proposal, known as HIP-4, would allow fully collateralized outcomes trading on Hyperliquid’s layer-1 network, enabling users to bet on events like elections and sports.

Hyperliquid said the move was driven by strong user demand and could unlock new applications built on its infrastructure.

Unlike traditional leveraged products, the proposed contracts would have capped payouts and avoid liquidations or margin calls. The feature is still under development and currently being tested on testnet.

The announcement pushed HYPE to around $37, extending a strong monthly rally even as the broader crypto market pulled back.

The plan would combine two of crypto’s most active sectors: decentralized perpetual futures and blockchain-based prediction markets, both of which regularly see hundreds of millions of dollars in daily volume.

While perps trading has cooled slightly from November’s peak, volumes remain elevated compared to early 2025, highlighting sustained interest in onchain derivatives.

You need to login in order to Like