The prediction market’s monthly trading volume has already reached $257 billion.

Hyperliquid announced zero fees as it moves into this space.
Hayes directly named HYPE today, calling it the most undervalued asset in this round of prediction markets.
This isn’t just random order-pushing—there’s logic behind it.
If you bet correctly on Polymarket, you’re earning the opponent’s money; the platform’s growth has nothing to do with you.
Once the HIP-4 proposal is implemented, Hyperliquid’s prediction market fees will flow directly to HYPE holders.
Betting behavior + platform equity are bundled together for the first time. This structure is something Polymarket can’t give you.
But I need to clarify a few things:
HIP-4 is still a proposal, not a feature that’s already live. Hayes is talking about the future story, not returns you can realize today. HYPE’s market cap is already $13.2 billion; this isn’t a low-entry layout. It’s priced based on expectations, not reality.
Polymarket has a first-mover advantage, liquidity, and user habits—so it won’t disappear in the short term. For Hyperliquid to win, HIP-4 must be rolled out + liquidity must migrate; both conditions are indispensable.
I feel the narrative framework is right, but the timing needs to be approached calmly.
Don’t chase pumps—keep tracking the implementation progress. This space is worth studying, but not something to blindly rush into.
In this round of prediction markets, who do you think will ultimately capture the largest share?
Polymarket’s first-mover advantage? Hyperliquid’s structure? Or a dark horse that hasn’t appeared yet?
Not investment advice—DYOR.