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Hyperliquid HIP-4 has already added prediction markets based on off-chain events, but trading activity is now at an all-time low.
HIP-4 event contracts have a daily trading volume of a little over $1 million, with fewer than 500 traders—both have hit new lows.
So far, HIP-4 has newly launched economics (interest rate hikes and CPI) and sports (Champions League) markets, but their trading volume is still not much.
Based on the front-end tags, Outcome is listed after Perps and Spot, ahead of Crypto, TradFi, and HIP-3—so its priority doesn’t seem low.
With the World Cup starting in 2 weeks, HIP-4 should probably add more World Cup-related markets to see whether it could, like crude oil, become a new “high-stakes betting” offshore outlet.