HYPE jumps to a two-month high with new hyperlicode proposal opening the door to prediction markets

Hyperliquid’s HYPE token surged more than 20% to top the list of winning cryptocurrencies, as the HyperCore team announced its support for HIP-4, a proposal to introduce “hits” trading.

This development signals a strategic move for the decentralized perpetual futures platform, with the aim of capturing a share in one of the fastest growing sectors.

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Hyperliquid’s HIP-4 proposal pushes the HYPE coin to a 2-month high

Market data showed that HYPE rose 22.39% in the past day, surpassing the broader market’s gain of 3.6% over the same period. This made the HYPE token the most profitable among the top 100 cryptocurrencies on the market Queen Gekko .

At the time of writing, HYPE was trading at $37, hitting a high Its price from the end November 2025. The volume of trade has also increased by more than 36%, reaching about $ 1 billion.

This price increase coincides with the latest developments in the network. The HyperCore team confirmed their support for HIP-4 on February 2nd. HIP-4 introduces performance trading, a new type of contract designed to be fully collateralized and settled at fixed intervals.

This structure allows a wide range of uses, including prediction markets and typical tools for options with limits. It is worth noting that although trading results overlap significantly with prediction markets, the two are not synonymous.

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Prediction markets constitute a specific form of outcome trading where participants trade contracts linked to future events, and prices implicitly reflect the probability of each outcome.

Outcomes trading is a broader concept that includes prediction markets alongside other event-based instruments such as options or structured outcome contracts. In short, all prediction markets are subject to trading results, but not all trading results are considered a prediction market.

The team wrote There is a wide demand from users in these two areas, and developers are likely to consider innovative applications as well.

Compare that totraditional derivatives, As outcome-based contracts do not use leverage or settlement mechanisms. Instead, it offers non-linear returns and backdated contracts. The team said that

The Results Core component expands the expressiveness of HyperCore, with the ability to integrate with other components such as Portfolio Margin and HyperEVM.

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Activate the trading function on the HIP-4 results currently on the test network. After completing the technical work, the protocol plans to launch standardized markets based on objective establishment sources.

The benchmark markets use USDH, the native stablecoin of the hyperliquid platform . The team stated that, according to user feedback, the infrastructure for publishing markets could then be opened without permission.

This last move came after the momentum increased After the implementation of HIP-3 on the platform. Activity in the offshore markets continued to expand, with the number of open contracts growing to a record high of more Billions of dollars on January 29th. At the time of writing, the volume of open contracts reached $929.4 million.

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Prediction markets reach record growth

At the same time, the sector of prediction markets is developing rapidly, attracting large players who are trying to capitalize on the growing momentum. Coinbase recently launched prediction markets For all US users Through a partnership with CFTC-regulated Calcci, demonstrating increased mainstream adoption.

Interest in it has increased sector parallel to The highest activity on these platforms. According to Dune data, the monthly trading volume reached a record high of $12.4 billion in January 2026, led by Calci, Polymarket and Opinion.

The trading volume in just three days of February has already reached $1 billion, highlighting the strong growth of the sector.

Hyperlicode support for HIP-4 extends the protocol’s capabilities beyond traditional perpetual futures contracts, and allows it to capitalize on the growing demand for performance-based trading products. With forecasting markets growing as an application of this broader framework, successful implementation of HIP-4 could drive adoption in the hyperliquid ecosystem.