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Hyperliquid's HIP-4 platform hits $317M volume in 5 months but lags bigger rivals in market activity

Protocol Fundamentals
13 Oct 2026
Tokenpost
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Neutral
Hyperliquid's HIP-4 platform hits $317M volume in 5 months but lags bigger rivals in market activity

Hyperliquid's HIP-4 outcome-market platform recorded $317 million in cumulative trading volume within its first five months since launching in May 2026. Despite this strong start, its market activity remains smaller compared to established prediction-market platforms like Kalshi and Polymarket. The platform supports binary and multi-outcome contracts with fully collateralized positions and has 228 active markets as of mid-October. While HIP-4's volume peaked early with Bitcoin outcome markets and World Cup-related contracts, its overall liquidity and market breadth are still below larger competitors, though it continues to expand with new market operators and an ongoing rewards program.

Hyperliquid's HIP-4 platform reached $317 million in trading volume over five months. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 13, 2026 17:32 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell. Notable movers include ALGO at Rp2.114 with a 1-day change of -8.56% and EOS at Rp12.649 with a 1-day change of +8.13%.

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