Hyperliquid HIP-4 Trading Volume Rises After Third-Party Permissionless Deployment

Hyperliquid's HIP-4 prediction market layer saw trading volume rise sharply after the platform opened third-party permissionless deployment on August 29. According to Odaily, average daily trading volume in the first 28 days of August was about $545,000, before climbing to $1.97 million on August 31 and $2.75 million over the past 24 hours, while active traders increased from 1,256 to 1,841. Outcome currently accounts for nearly 85% of HIP-4 trading volume, supported by its $1 million trading incentive program. Hyperliquid's unified account system allows prediction markets to share an account environment with perpetual contracts and HIP-3 assets, and users can hedge perpetual positions with prediction market contracts. Sports prediction markets may become the main growth area for HIP-4. During the World Cup, HIP-4-related markets recorded cumulative trading volume of $189.5 million, or about 3% of global World Cup prediction market volume. The main constraint facing HIP-4 is regulatory access rather than on-chain deployment, with U.S. markets subject to CFTC and SEC frameworks and sports prediction markets potentially drawing gambling-related scrutiny.