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Hyperliquid launches HIP-4 outcome markets with fully collateralized binary contracts and strong initial trading volumes.

Protocol Fundamentals
23 May 2026, 06:57 WIB
Crypto Briefing
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Bullish
Hyperliquid launches HIP-4 outcome markets with fully collateralized binary contracts and strong initial trading volumes.

Hyperliquid introduced HIP-4 on May 2, 2026, adding native outcome markets that allow trading of fully collateralized binary contracts based on real-world events. The launch saw over 6 million contracts traded on day one, highlighting strong market interest. These markets feature merged order books for better liquidity and zero liquidation risk, attracting traders seeking event-based exposure without margin complexities. The rollout will expand from curated markets to permissionless deployment, raising future governance and market quality considerations.

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