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Hyperliquid (HYPE) news: HIP-4 proposal will add outcome-based trading to platform

Hyperliquid's HIP-4 upgrade adds fully collateralized, event-based outcome trading, driving a 10% rise in HYPE token amid growing demand for prediction markets and options.

  • Hyperliquid announced HIP-4 on February 3, 2026, to add onchain Outcome trading on Hypercore, expanding beyond perpetuals and launching first on testnet as HYPE climbed 10%.
  • Developers pointed to rising user demand for prediction markets and options, while momentum from HIP-3 unlocked permissionless markets, increasing interest in new contracts.
  • Technically, Outcomes are fully collateralized contracts that settle at fixed prices, add dated markets and non-linear payoffs, and will debut on Hypercore with a curated testnet rollout.
  • The team plans a curated-first rollout before potentially allowing permissionless listings that require staking 500,000 HYPE, following a governance vote that ended Feb. 2.
  • HIP-4 positions the exchange to compete in prediction markets, with prior $1 billion open interest, $4.8 billion 24-hour volume, and HYPE token 41% seven-day surge.
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Coin Desk broke the news in Manila, Philippines on Monday, February 2, 2026.
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