Hyperliquid's HIP-4 Event Contract Achieves Record Trading Volume on Launch Day

Hyperliquid's HIP-4 event contract reached a nominal trading volume of 6.05 million units, equivalent to over $6 million, on its first day of trading, setting a record for opening day volume for this type of product. According to PANews, HIP-4 is Hyperliquid's native event contract standard, designed to create fully collateralized event market contracts based on specific outcomes. Data indicates that the first-day trading volume accounted for approximately 0.7% of the total trading volume in related prediction markets.