Hyperliquid’s HIP-4 triples prediction market volume after opening to external operators

Daily trading volume for Hyperliquid’s HIP-4 prediction market feature rose to $1.97 million on Aug. 31 after it was opened to external operators on Aug. 29, roughly triple the August average of $545,000, according to an analysis by the Hyperliquid Research Collective, or HRC. External operators deposited 500,000 HYPE to launch markets. HRC said HIP-4 lets users manage prediction market positions and Hyperliquid perpetual futures under a single account, allowing them to take futures positions in the opposite direction of a prediction outcome to reduce loss risk. HRC added this differentiates the platform from Kalshi and Polymarket, while noting sports markets have the strongest potential for growth, although related regulation in the U.S. remains a variable.