Perpetual decentralized alternate (DEX) Hyperliquid’s HIP-4 improve is now reside on the mainnet, offering customers with entry to prediction markets. The HYPE token rallied on the again of this improvement, because the perp DEX now seems to rival the highest prediction-market platforms, Polymarket and Kalshi.
Hyperliquid HIP-4 Market Goes Stay On Mainnet
In a launch, the perp DEX introduced that the result markets, also called HIP-4, are reside on the mainnet as a limited-feature preliminary launch. The DEX famous that these outcomes are totally collateralized contracts that settle inside a hard and fast vary and are helpful for purposes similar to prediction markets and bounded choices.
“They don’t contain leverage or liquidations. The preliminary aim is to validate the technical implementation.” Hyperliquid added. This transfer from the crypto leverage buying and selling platform comes simply months after it first unveiled this improve, which is able to introduce prediction markets on the DEX.
The primary market following the HIP-4 launch on the mainnet is a recurring binary end result that settles day by day to the BTC mark worth on the alternate. The market is a Bitcoin up-and-down market, the place the main crypto will commerce above a selected worth on a given day.
With this transfer, Hyperliquid will rival the highest prediction markets, Polymarket and Kalshi. Apparently, the transfer comes as Polymarket and Kalshi reportedly think about launching perpetual buying and selling on their respective platforms, placing them in direct competitors with the perp DEX.
HIP-4 Already Seeing Notable Demand
Hyperliquid Information shared information that confirmed that the HIP-4 market is already seeing notable demand since its launch at present. The platform acknowledged in an X publish that the perp DEX has surpassed Polymarket’s buying and selling quantity on its sole HIP-4 pair, the BTC up-and-down market.
In lower than 6 hours, Hyperliquid surpassed @Polymarket buying and selling quantity on its sole HIP-4 pair, which is $BTC Up or Down each day.
Polymarket calculates quantity in $ utilizing shares, the place 1 share traded = $1 in quantity.
Subsequently, 79,500 shares have been traded on Polymarket… pic.twitter.com/i3aBN22vPg— Hyperliquid Information (@HyperliquidNews) Might 2, 2026
The platform famous that Polymarket calculates quantity in {dollars} per share, the place 1 share traded equals $1 in quantity. Primarily based on this, Polymarket recorded a buying and selling quantity of 79,500 shares at present on this market, in comparison with Hyperliquid’s 89,253.
Crypto pundit Jxck acknowledged that it’s exhausting to see Hyperliquid overtaking Polymarket proper now as a result of the latter nonetheless has the sting on visibility and status in prediction markets. Nonetheless, he famous that one angle is that perp merchants can hedge positions with predictions, which is able to, in flip, drive extra quantity for the perp DEX.
In the meantime, the HYPE worth rallied on the again of the launch of the HIP-4 market on mainent. The crypto worth rose above $42 on the again of the discharge, rising from round $41.5, in response to TradingView information.
Nonetheless, the Hyperliquid token has since retraced a few of these good points and is now buying and selling at round $41.6, up over 1% at present. The token can be notably up over 63% year-to-date (YTD) regardless of the present bear market circumstances.
