The decentralized exchange’s new HIP-4 product lets traders bet on offchain events like inflation and interest-rate decisions, using validators rather than UMA-style external dispute resolution.

Hyperliquid captures a record 7% of aggregate perpetual open interest with $9.55B in positions, challenging centralized exchanges through tokenized RWA markets.

Hyperliquid's HIP-4 upgrade matched Polymarket's BTC binary volume in just two weeks, leveraging existing CLOB infrastructure and market maker liquidity.