HYPE Jumps 14% After Hyperliquid Unveils Plans for Prediction Markets, Options

Hyperliquid’s native token, HYPE, surged as much as 14% over the past 24 hours after the decentralized exchange unveiled plans to expand into prediction markets and options-style derivatives. According to CoinGecko data, the surge pushed HYPE close to the $30 level, making it one of the strongest-performing DEX tokens during a period of broader market weakness.

The price move followed the release of HIP-4, a new proposal that introduces “outcome” trading to the Hyperliquid platform. The proposal outlines a new contract type designed to support prediction markets and options, two features that users have repeatedly requested.

HIP-4 Brings Outcome Trading to Hyperliquid

According to Hyperliquid, outcomes represent fully collateralized contracts that settle at a fixed price within a predefined range.

Unlike traditional leveraged derivatives, these contracts do not rely on margin trading and eliminate liquidation risk. The structure also introduces dated markets and non-linear payoffs, marking a major shift from Hyperliquid’s current focus on perpetual futures.

“There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well,” the team wrote in a post on X.

Hyperliquid plans to roll out outcome trading on testnet first, with a mainnet launch expected after development and testing conclude. The exchange will initially offer a curated set of markets before potentially allowing permissionless listings, depending on user feedback.

HYPE Outperforms as Demand and Volume Surge

HYPE’s momentum extends beyond the HIP-4 announcement. Over the past month, the token has gained 33%, driven by rapid growth in Hyperliquid’s permissionless markets. These markets allow users to create trading pairs for assets such as cryptocurrencies, stocks, and gold by staking 500,000 HYPE tokens.

Over the past seven days, HYPE has risen 34%, making it the only DEX token to post positive performance over that period. The token trades around $30.01 at the time of writing, just below the $30.84 resistance level, a sign of continued strength despite choppy conditions across the crypto market.

Notably, market analysts point to HYPE’s inverse relationship with Bitcoin as a key driver of its resilience. With a correlation of -0.49 against BTC, the token has shown an ability to move independently of Bitcoin-led selloffs.

Adding to the bullish sentiment, Hyperliquid disclosed that open interest in its HIP-3 markets reached a record $1 billion last week, while 24-hour trading volume climbed to $4.8 billion, underscoring rising user activity across the platform.

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