The HYPE token appreciated by 21.9% following developers’ announcement of support for the HIP-4 proposal. The initiative involves launching prediction markets based on Hyperliquid.
HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments. There has been…
— Hyperliquid (@HyperliquidX) February 2, 2026
The project team noted high user demand for this tool. The integration will allow for the creation of fully collateralized contracts for betting on political events, sports matches, and other outcomes.
Developers believe that the HIP-4 standard will serve as a foundation for developing new applications on top of the HyperCore architecture.
The mechanism resembles classic fixed-payout betting. Such contracts lack leverage, liquidations, and margin calls. Settlements will be conducted in Hyperliquid’s native stablecoin, USDH.
The update will combine two popular trends of recent years: on-chain derivatives and prediction markets. The feature is currently in testing, with no mainnet launch date specified yet.
Following the announcement, the price of HYPE reached $37.28. Over the month, the asset has gained 49%, showing growth despite the overall market correction.
Some experts have begun to view Hyperliquid’s native token as a capital preservation tool.
