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HIP-4 actually changes a lot for @HyperliquidX.
Most people see “prediction markets.”
I see Hyperliquid adding another liquidity layer directly inside the same trading engine.
Day 1 already pushed ~$6M+ in opening event market volume.
Important part is:
the collateral never leaves the ecosystem.
Same margin system.
Same liquidity environment.
Same trading stack.
So now:
+ perps
+ spot
+ event markets
+ prediction trading
all start compounding into each other instead of fragmenting across different apps.
People still value Hyperliquid like a perp venue.
Market probably starts valuing it differently once it becomes obvious they’re building a full onchain financial exchange layer instead.