Hyperliquid’s HYPE token soared over 20% to guide cryptocurrency gainers, because the HyperCore workforce introduced assist for HIP-4, a proposal to introduce “outcome” buying and selling.
This improvement marks a strategic transfer for the decentralized perpetual futures platform, aiming to seize a share in one of many fastest-growing sectors.
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Hyperliquid’s HIP-4 Proposal Sends HYPE to 2-Month Excessive
Market information 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 worth since late November 2025. Its buying and selling quantity additionally surged by greater than 36% to round $1 billion.
Hyperliquid (HYPE) Value Efficiency. Supply: BeInCrypto Markets
The worth rally comes amid the newest community developments. The HyperCore workforce confirmed its assist for HIP-4 on February 2. HIP-4 introduces end 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 quite a lot of use circumstances, together with prediction markets and bounded options-style devices. It’s price noting that whereas end result buying and selling carefully overlaps with prediction markets, the 2 usually are not synonymous.
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Prediction markets are a selected type of end result buying and selling wherein contributors commerce contracts tied to future occasions, with costs reflecting the implied chance of every end result.
Final result buying and selling is a broader idea that encompasses prediction markets alongside different event-based devices, reminiscent of bounded choices or structured end result contracts. Briefly, all prediction markets fall underneath end result buying and selling, however not all end result buying and selling constitutes prediction markets
“There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well,” the workforce wrote.
In distinction to conventional derivatives, outcome-based contracts don’t use leverage or liquidation mechanisms. As an alternative, they introduce non-linear payoffs and dated contracts. In line with the workforce,
“The outcome primitive expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.”
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The HIP-4 end result buying and selling function is presently stay on testnet. As soon as 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 workforce added that, relying on consumer suggestions, the infrastructure might later be opened to permissionless market deployment.
The newest transfer follows rising traction after the platform’s HIP-3 deployment. Exercise throughout externally deployed markets has continued to develop, with open curiosity surging to an all-time excessive of over $1 billion on January 29. At press time, open curiosity stood at $929.4 million.
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Prediction Markets Obtain Report Development
In the meantime, prediction markets are rising as a quickly increasing sector, attracting main gamers trying to capitalize on rising momentum. Coinbase lately launched prediction markets for all US customers via a partnership with CFTC-regulated Kalshi, signaling growing mainstream adoption.
Curiosity within the sector has risen alongside larger exercise throughout these platforms. In line with information from Dune, month-to-month buying and selling quantity reached an all-time excessive of $12.4 billion in January 2026, led by Kalshi, Polymarket, and Opinion.
Simply three days into February, quantity has already reached $1 billion, highlighting the sector’s sturdy progress trajectory.
Total, Hyperliquid’s assist 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 might drive additional adoption throughout the Hyperliquid ecosystem.
