Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options
Analysis
Price Impact
HighHyperliquid's plan to add outcome-based trading, including prediction markets and options-style derivatives, addresses extensive user demand and significantly expands the platform's utility beyond perpetual futures. this move could attract a new wave of users and increase overall platform activity.
Trustworthiness
HighThe information is based on an official proposal (hip-4) and statements directly from hyperliquid's team, reported by a reputable crypto news outlet (coindesk).
Price Direction
BullishThe introduction of prediction markets and options, features with high user demand, will significantly increase hyperliquid's utility and potential user base. this could drive further adoption, trading volume, and demand for the hype token, which has already seen a positive price reaction.
Time Effect
LongWhile there has been an immediate price reaction, the full impact of these new features will unfold over a longer period as they move from testnet to mainnet, gain widespread adoption, and potentially move to permissionless listings, driving sustained value for the platform and its token.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options The exchange said it has added support for outcome-based trading in a move to compete with prediction markets. By Helene Braun | Edited by Stephen Alpher Feb 2, 2026, 2:53 p.m. Make us preferred on Google (César Couto/Unsplash) What to know : Hyperliquid’s HYPE token rose about 10% after the exchange unveiled HIP-4, a proposal to add outcome-based trading to its platform. The new fully collateralized outcome contracts would enable prediction markets and options-style derivatives with fixed price ranges, dated markets and non-linear payoffs, without margin trading or liquidations. Outcome trading will debut on a testnet with a limited set of curated markets before a potential move to permissionless listings, building on recent growth in Hyperliquid’s permissionless markets. Hyperliquid’s token, HYPE, climbed 10% over the past 24 hours after the decentralized exchange detailed HIP-4, a proposal to bring “outcome” trading to its platform. The new contract type would support prediction markets and options-style derivatives, both long-requested features, according to the team . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . "There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well," Hyperliquid wrote in a post on X. Outcomes are fully collateralized contracts that settle at a fixed price within a specified range. They introduce dated markets and non-linear payoffs to Hyperliquid’s system, which until now has focused on perpetual futures. Unlike traditional leveraged derivatives, outcomes do not require margin trading or risk liquidations. Outcome trading will launch on testnet first, with mainnet deployment to follow once technical development is complete. Hyperliquid plans to start with a curated set of markets before potentially opening the system to permissionless listings, pending user feedback, it said. HYPE gained traction over the past month after the exchange's permissionless markets, which allow anyone to create markets on assets like crypto, stocks, and gold by staking 500,000 HYPE tokens, have exploded to record highs. The token is up 33% over the past month. Hyperliquid Breaking News