HIP-4 is blowing up since they released permisionless markets +184% daily volume +2423% unique markets All in only 2 weeks since the permisionless markets update. @HyperliquidX picked the hard way but ultimately it was the right way When they launched in June, HIP-4 was incomplete - no good UI - no liquidity incentives - very few markets This resulted in them "missing" on the World Cup, while Polymarket made billions in volume off it. But they had a vision and they kept to it now HIP-4 looks very different : - Permisionless market creation mechanism with deployers competing against each other - multiple competing good UIs (@tradexyz, @Outcomexyz) - native liquidity rewards + deployers boosting liquidity of their markets And in the end it doesn't matter much than Polymarket or Kalshi made more volume than them on the world cup They build a solid infra, battle tested it, and now the growth phase begins fade at your own risk