The token $HYPE increased by 21.9% after the developers' statement supporting the HIP-4 proposal. The initiative aims to launch prediction markets based on Hyperliquid.
The project team noted a high demand from users for this tool. The integration will allow the creation of fully collateralized contracts for betting on political events, sports matches, and other outcomes.
Programmers believe that the HIP-4 standard will serve as the basis for developing new applications on top of the HyperCore architecture.
The mechanism of operation resembles classic betting with fixed payouts. Such contracts do not involve leverage, liquidations, or margin calls. Settlements will be conducted in the native stablecoin #Hyperliquid — USDH.
The update will combine two popular trends of recent years: on-chain derivatives and prediction markets. The function is currently in testing. Launch timelines for the mainnet have not yet been specified.
Against the backdrop of the announcement, the price #HYPE reached $37.28. Over the month, the asset gained 49%, showing growth despite the overall correction of the crypto market.
Let us remind you that a number of experts have begun to consider the native token Hyperliquid as a tool for capital preservation.
