Hyperliquid Launches Prediction Market Feature and Challenges Polymarket
The decentralized derivatives exchange Hyperliquid is expanding its offerings to include prediction markets and positioning itself as a competitor to Polymarket, while the HYPE token posts significant gains.
The perpetual DEX Hyperliquid is expanding into the prediction market sector. With Hyperliquid Improvement Proposal 4 (HIP-4), the platform is introducing "Outcome Trading" and thereby entering into direct competition with established providers such as Polymarket.
The new outcome contracts differ from traditional perpetual futures through full collateralization and eliminate margin calls as well as liquidation risks. Settlement occurs via the native stablecoin USDH within fixed price ranges.
The timing appears strategically favorable: According to Dune Analytics, prediction markets recorded a trading volume of $12.4 billion over the past month. Analysts see a technological advantage for Hyperliquid through composability – users can combine perpetual futures and prediction markets on the same liquidity engine, thereby implementing complex hedging strategies with lower margin requirements.
The feature is currently in the testnet phase. The HYPE token responded with a price increase of over 19 percent within 24 hours to approximately $37. Since the local low on January 19, 2026, the token has even gained more than 70 percent. On-chain data from Santiment shows the highest trading volume in three months, indicating increased institutional interest. [1]
Sources
- [1]btc-echo.de
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