Hyperliquid HIP-4 Testnet Expands Prediction-Market Framework

Hyperliquid's HIP-4 testnet has gone live, allowing developers to deploy standardized outcome markets after staking 100 HYPE tokens. This rollout expands Hyperliquid's prediction-market framework beyond validator-created contracts while maintaining standardized settlement rules.

The update arrives as the HYPE price trades near $53.50, having lost the $55 level. Large token transfers to institutional trading platforms have raised supply concerns, while Hyperliquid burned about 26,080 HYPE worth nearly $1.43 million in 24 hours.

Developers currently stake 100 HYPE to register as deployers and can launch markets without auctions or gas charges on the testnet. The preliminary mainnet model still proposes a 500,000 HYPE stake, six-month lock, validator slashing, and approved templates for market creation.