HYPE gained double digits on Monday after the workforce behind HyperCore, the core infrastructure powering Hyperliquid’s layer-1 community, mentioned it’s going to assist the HIP-4 proposal to broaden into prediction markets.
The combination would permit absolutely collateralized contracts on Hyperliquid, the most important decentralized perpetual futures crypto platform, enabling merchants to wager on political elections, sports activities and different markets.
In an X submit on Monday, Hyperliquid mentioned the assist was pushed by “intensive person demand” for prediction markets and bounded options-like devices, whereas including that HIP-4 might permit different novel functions to be constructed on Hyperliquid.
HIP-4 outcomes would operate like a betting slip with a capped payout, settling inside a set vary with out leverage, liquidations, or margin calls.
Hyperliquid mentioned the outcomes buying and selling function is a “work in progress” and is at present solely being examined on testnet. The canonical markets can be denominated in Hyperliquid’s native stablecoin, Hyperliquid USDH (USDH).
The information despatched Hyperliquid (HYPE) up 19.5% to $37.14, including to its 46.9% worth rally during the last month whereas the broader crypto market has pulled again, CoinGecko knowledge exhibits.
Associated: 4 explanation why $75K could have been Bitcoin’s 2026 worth backside
The combination would mix two of crypto’s hottest use circumstances during the last 24 months, with each onchain perps and blockchain-powered prediction markets now persistently seeing lots of of thousands and thousands of {dollars} in buying and selling quantity every day.
Perps buying and selling quantity nonetheless over $200 billion weekly
Perps buying and selling quantity has cooled off since early November after hitting a document $341.7 billion between Nov. 3 and Nov. 9, although buying and selling volumes have remained above $200 billion every week over the previous 4 accomplished weeks, based on DeFiLlama knowledge.
The weekly buying and selling volumes seen over the previous month are nonetheless three to 4 instances bigger than these seen in January 2025.
Journal: A ‘tsunami’ of wealth is headed for crypto: Nansen’s Alex Svanevik