The HYPE token surged by 21.9% after developers announced support for the HIP-4 proposal. This initiative aims to launch prediction markets based on Hyperliquid.
HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments. There has been…
— Hyperliquid (@HyperliquidX) February 2, 2026
The project team noted a strong user demand for this tool. The integration will enable the creation of fully collateralized contracts for betting on political events, sports matches, and other outcomes.
Developers believe that the HIP-4 standard will serve as a foundation for new applications built on the HyperCore architecture.
The mechanism resembles traditional betting with fixed payouts. These contracts do not involve leverage, liquidations, or margin calls. Settlements will be conducted in Hyperliquid's native stablecoin — USDH.
This update will merge two popular trends of recent years: on-chain derivatives and prediction markets. The feature is currently in testing, with no launch date for the mainnet specified yet.
Following the announcement, the price of HYPE reached $37.28. Over the past month, the asset has gained 49%, showing growth despite the overall correction in the crypto market.
15-minute chart of HYPE/USDT on Bitget. Source: TradingView.It is worth noting that several experts have begun to view Hyperliquid's native token as a capital preservation tool.