Hyperliquid HYPE Token gained 10% in value.

Rise of HYPE Token

Hyperliquid platform's HYPE token has gained about 10% in value following the newly announced HIP-4 proposal. This proposal aims to add outcome-focused trading to the platform.

The new fully collateralized outcome contracts will offer options-style derivatives in historical markets, including prediction markets and fixed price ranges. This system will provide the ability to trade with more complex, non-linear payment structures without the need for margin trading or liquidations.

Outcome trading will begin with a limited selection on the testnet. Following advanced hailing transactions, transitioning to permissionless listings is planned. These steps stand out as significant developments, considering Hyperliquid's recent growth in permissionless markets.