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HIP-4 launched just 4 days ago, and already has $19M notional volume
But what comes next matters more
The roadmap looks like:
1/ multi-outcome markets — contracts are binary right now (yes/no). Next step is complex scenarios with multiple possible outcomes. Elections, sports, macro events rarely have just two options
2/ permissionless deployment for HIP-4 — curated markets first, then open builder deployment. The same path HIP-3 already walked
3/ developers can deploy recurring event markets, liquidity providers can quote probability instruments alongside traditional markets
4/ deeper HyperEVM integration — more use cases, more liquidity, more composability
5/ the builder (deployer) must stake 1M $HYPE tokens to deploy their outcome market
Hyperliquid becomes the only platform in crypto where spot, perpetuals, and prediction markets live on a single execution layer
@Polymarket & @Kalshi doesn’t have this. No CEX does
A trader can hold a long ETH perpetual and simultaneously buy an outcome contract as a hedge — in one account, without moving funds anywhere
It’s a different game entirely
@Polymarket is a standalone product
@HyperliquidX is a financial OS
And they already have the liquidity, users, and infrastructure
HIP-4 — the last piece of the puzzle.