HYPE Jumps to 2-Month High as Hyperliquid’s New Proposal Opens Door to Prediction Markets
Hyperliquid’s HYPE token soared over 20% to lead cryptocurrency gainers, as the HyperCore staff introduced help for HIP-4, a proposal to introduce “final result” buying and selling.
This growth marks a strategic transfer for the decentralized perpetual futures platform, aiming to seize a share in one of many fastest-growing sectors.
Hyperliquid’s HIP-4 Proposal Sends HYPE to 2-Month High
Market knowledge confirmed that HYPE surged 22.39% over the previous day, outperforming the broader market’s 3.6% achieve over the identical interval. This made it the highest gainer among the many 100 largest cryptocurrencies on CoinGecko.
At press time, HYPE was buying and selling at $37, marking its highest price since late November 2025. Its buying and selling quantity additionally surged by greater than 36% to round $1 billion.
The worth rally comes amid the newest community developments. The HyperCore staff confirmed its help for HIP-4 on February 2. HIP-4 introduces final result buying and selling, a brand new sort of contract designed to be totally collateralized and to settle inside mounted ranges.
This construction permits for a wide range of use circumstances, together with prediction markets and bounded options-style devices. It’s value noting that whereas final result buying and selling intently overlaps with prediction markets, the 2 usually are not synonymous.
Prediction markets are a selected type of final result buying and selling by which contributors commerce contracts tied to future occasions, with costs reflecting the implied likelihood of every final result.
Outcome buying and selling is a broader idea that encompasses prediction markets alongside different event-based devices, such as bounded choices or structured final result contracts. In brief, all prediction markets fall below final result buying and selling, however not all final result buying and selling constitutes prediction markets
“There has been in depth person demand in each of those areas, and builders will probably consider novel purposes as properly,” the staff wrote.
In distinction to traditional derivatives, outcome-based contracts don’t use leverage or liquidation mechanisms. Instead, they introduce non-linear payoffs and dated contracts. According to the staff,
“The final result primitive expands the expressivity of HyperCore, whereas composing with different primitives such as portfolio margin and the HyperEVM.”
The HIP-4 final result buying and selling function is at the moment stay on testnet. Once technical work is finalized, the protocol plans to launch canonical markets that depend on goal settlement sources.
Canonical markets will use USDH, Hyperliquid’s native stablecoin. The staff added that, relying on person suggestions, the infrastructure may later be opened to permissionless market deployment.
The newest transfer follows rising traction after the platform’s HIP-3 deployment. Activity throughout externally deployed markets has continued to broaden, with open curiosity surging to an all-time high of over $1 billion on January 29. At press time, open curiosity stood at $929.4 million.
Prediction Markets Achieve Record Growth
Meanwhile, prediction markets are rising as a quickly increasing sector, attracting main gamers trying to capitalize on rising momentum. Coinbase recently launched prediction markets for all US customers by way of a partnership with CFTC-regulated Kalshi, signaling growing mainstream adoption.
Interest within the sector has risen alongside increased exercise throughout these platforms. According to knowledge from Dune, month-to-month buying and selling quantity reached an all-time high of $12.4 billion in January 2026, led by Kalshi, Polymarket, and Opinion.
Just three days into February, quantity has already reached $1 billion, highlighting the sector’s robust development trajectory.
Overall, Hyperliquid’s help for HIP-4 expands the protocol’s capabilities past conventional perpetual futures, positioning it to profit from the rising demand for outcome-based buying and selling merchandise. As prediction markets achieve traction as one software of this broader framework, the profitable execution of HIP-4 may drive additional adoption throughout the Hyperliquid ecosystem.
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