Hyperliquid has launched its HIP-4 upgrade on the mainnet, introducing prediction markets to its perpetual decentralized exchange (DEX). The first market is a Bitcoin up-and-down daily settlement contract, which has already seen over 89,000 shares traded, surpassing Polymarket's volume. This upgrade positions Hyperliquid as a direct competitor to established prediction market platforms like Polymarket and Kalshi, which are also considering adding perpetual trading features. The HYPE token price briefly rose following the launch, reflecting positive market reception.
The HYPE token recently surged past $65, driven by record inflows into ETFs linked to the asset and a sharp increase in futures market activity. This rally is supported by strong trading volumes on the Hyperliquid exchange, indicating genuine liquidi...
Hyperliquid's HYPE token price jumped 133% in 90 days, driven by increased trading activity, liquidity, and ETF inflows totaling $81 million. Protocol buybacks tightened supply, supporting demand and pushing valuation near $64.2 billion. However, ris...
Bitwise's Hyperliquid ETF (BHYP) quickly reached $40 million in assets under management within eight trading days after launching on the NYSE, driven by strong demand from institutional investors and crypto whales. The ETF saw nearly $12 million in t...
Bitwise has expanded its holdings in Hyperliquid's HYPE token by purchasing an additional $10.11 million worth of tokens, increasing its total stake to over $40 million. This move highlights continued institutional interest in selected altcoins despi...
Solana has become the dominant platform for trading foreign tokens, capturing nearly 40% of decentralized exchange (DEX) activity, surpassing Hyperliquid in spot trading volume. Its fast transaction speeds and low fees attract traders, especially for...
