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Hyperliquid's HIP-4 prediction market hits $317M volume but struggles with liquidity and user base.

Protocol Fundamentals
07 Oct 2026
Tokenpost
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Hyperliquid's HIP-4 prediction market hits $317M volume but struggles with liquidity and user base.

Hyperliquid's HIP-4 prediction market system has recorded about $317 million in cumulative volume by early October, with $51 million generated in September alone. Despite integrating event-based contracts with perpetual futures and leveraging its existing derivatives audience, HIP-4 faces challenges like fewer markets, thinner liquidity, and a smaller user base compared to rivals. Sports, especially soccer, dominate trading activity, but the platform's rewards program costs exceed its fee revenue, highlighting ongoing economic challenges. The next step for Hyperliquid is to convert its technical strengths into sustained liquidity and a broader market presence.

Hyperliquid's HIP-4 prediction market system is the subject, with Pluang market data providing context as of Oct 08, 2026 09:22 WIB. For readers following cryptocurrency markets, here is Pluang's snapshot: out of 50 major cryptocurrencies, 20 rose and 29 fell today. Notable movers include UNI at Rp141.584 with a 1-day change of -2.98% and a typical hold time of 65 days, THETA at Rp3.904 down 2.89% with 100% buy order activity, and COMP at Rp415.236 down 2.59% with 96% buy order activity.

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