Decentralized exchange and Layer-1 blockchain Hyperliquid is building on its strong price performance this week and announced the upcoming launch of HIP-4 markets, enabling prediction-market-like outcome trading.
“Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments,” said the official X account.
HYPE jumped on the announcement and is up 7% over the last 24 hours amid the broader market rebound.
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