Hyperliquid's HIP-4 Launch Boosts HYPE Cryptocurrency Price
- HIP-4 rollout introduces outcome trading, fueling HYPE price rise.
- HYPE gains 40-71% in weekly trading.
- Strong retail interest drives futures open interest growth.
Hyperliquid’s HIP-4 rollout on February 2, 2026, introduced outcome trading, causing HYPE prices to jump 10-20%, with the announcement made live across various platforms.
The rollout amplifies Hyperliquid’s market influence, potentially redefining prediction markets by integrating outcome trading and bounded options, impacting HYPE’s market trajectory significantly.
Hyperliquid’s HIP-4 was announced on February 2, 2026, introducing outcome trading with collateralized contracts. The initiative leverages the HyperEVM and USDH. The testnet launch sparked immediate interest, causing a noticeable 10-20% price surge for HYPE tokens.
The core team at Hyperliquid developed HIP-4 without disclosing specific leadership details. Their focus is on expanding the platform’s offerings. This aligns with Ryan Watkins’ view on Hyperliquid, as he mentioned, “The ‘everything exchange’ thesis for Hyperliquid is only getting clearer by the day. Polymarket and Kalshi are both decacorns by the way.” – Source. The introduction of these features positions Hyperliquid as an emerging competitor in prediction markets.
HYPE’s price reacted with a significant rally, exceeding $37, showcasing the market’s excitement. Trading volumes and open interest have shown impressive growth, indicating enhanced engagement from retail participants in the market.
The HIP-4 framework seeks to mitigate risks often associated with derivatives by using bounded options. This strategy could revolutionize how prediction markets operate by reducing the need for leveraged positions, promoting safer trading environments. More insights can be found through Ryan Watkins’ discussion on key developments in crypto projects.
The introduction of USDH-backed contracts aims to ensure stability in settlements. The upcoming token unlock could influence supply dynamics, impacting price stability in upcoming months, posing strategic decisions for market participants.
Historical parallels to prior upgrades, like HIP-3’s impact on equity perps, suggest successful implementation could vastly broaden Hyperliquid’s reach. Analysts cite momentum similar to 2025 prediction market surges, highlighting the platform’s evolving competitive landscape. For recent trends in the DeFi landscape, see here.
