HYPE gained double digits on Monday after the team behind HyperCore, the underlying infrastructure that powers Hyperliquid’s layer-one network, said it would support HIP-4’s proposal to expand into prediction markets.
The integration will allow fully collateralized contracts on Hyperliquid, the largest decentralized futures platform, enabling traders to bet on political elections, sports and other markets.
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HIP-4 results will act like a betting slip with a maximum payout, settling within a fixed range without leverage, liquidations, or margin calls.
Hyperliquid said the results trading feature is a “work in progress” and is currently being tested on the testnet only. The underlying markets will be denominated in Hyperliquid’s native stablecoin, Hyperliquid USDH (USDH).
The news sent Hyperliquid (HYPE) up 19.5% to $37.14, adding to a 46.9% price rise over the past month while the broader cryptocurrency market fell, CoinGecko data showed.
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The integration will bring together two of the hottest cryptocurrency use cases over the past 24 months, with both onchain applications and blockchain-powered prediction markets now consistently seeing hundreds of millions of dollars in trading volume every day.
PURPS’s trading volume is still over $200 billion weekly
Perps trading volume has slowed since early November after reaching a record high of $341.7 billion between November 3 and 9, though trading volumes have remained above $200 billion each week for the past four full weeks, according to DeFiLlama data.
Weekly trading volumes observed over the past month remain three to four times higher than those recorded in January 2025.
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