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Hyperliquid HIP-4 Launch Hits $6M Volume
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Hyperliquid’s HIP-4 event contract launched with early interest, recording about 6.05 million contracts on its first day, equal to roughly 0.7% of total prediction market activity. Despite the modest share, the debut shows initial traction for Hyperliquid’s event trading push. However, it still lags far behind major players, with Kalshi processing 546 million contracts and Polymarket reaching 190 million on the same day. The launch highlights growing competition in prediction markets but also clear dominance by established platforms.
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