Hyperliquid HIP-4 trading volume triples after permissionless deployment

Odaily Planet Daily reports that after Hyperliquid opened third-party permissionless deployment on the HIP-4 prediction market layer on August 29, platform trading volume surged rapidly. Prior to August, the average daily trading volume on HIP-4 was approximately $545,000; after deployment opened, daily trading volume reached $1.97 million on August 31, with a near-24-hour volume of $2.75 million. The number of active traders increased from 1,256 to 1,841. The prediction market project Outcome currently accounts for nearly 85% of HIP-4’s trading volume, and its $1 million trading incentive program has further boosted liquidity. Hyperliquid’s unified account system enables prediction markets to share an account environment with perpetual contracts and HIP-3 assets, allowing users to hedge perpetual positions using prediction market contracts. Sports prediction markets may represent the primary growth opportunity for HIP-4. During the previous World Cup, cumulative trading volume on HIP-4-related markets reached $189.5 million, accounting for approximately 3% of global World Cup prediction market volume. The main constraint facing HIP-4 currently is regulatory access, not on-chain deployment. The U.S. market involves regulatory frameworks from the CFTC, SEC, and others, and sports prediction markets in particular may trigger scrutiny under gambling-related regulations.