Hyperliquid Crypto Surpasses $1B in Revenue, Prepares HIP-4 Outcome Markets

Hyperliquid Crypto has announced that its revenue has surpassed $1 billion, with over 248,000 HYPE holders making up the growing ecosystem. The project is now planning to launch HIP-4 Outcome Markets on testnet, which will allow developers to create prediction markets without permission but subject to certain rules.

The new feature requires developers to lock up 500,000 HYPE as a stake, although this can be reduced if a market is not clearly written or if the result is settled incorrectly. Validators will also approve standard market templates before they are used.

Developers who create their own markets using these templates can receive up to 50% of the fees from the markets they launch, according to Hyperliquid docs. The team believes that prediction markets could become much bigger than spot and perpetual trading due to the vast number of real-world events available for trading.