Hyperliquid HIP-4 Launch Hits $6M Volume

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Hyperliquid’s HIP-4 event contract launched with early interest, recording about 6.05 million contracts on its first day, equal to roughly 0.7% of total prediction market activity. Despite the modest share, the debut shows initial traction for Hyperliquid’s event trading push. However, it still lags far behind major players, with Kalshi processing 546 million contracts and Polymarket reaching 190 million on the same day. The launch highlights growing competition in prediction markets but also clear dominance by established platforms.