DeFi· ★★★· neutral·

Hyperliquid's HIP-4 prediction market posts $51M September volume, far behind Kalshi

  • —HIP-4 September volume was $51 million; cumulative volume reached $317 million by Oct. 5
  • —Kalshi recorded $59.3 billion and Polymarket $13 billion in September
  • —World Cup markets drove 28% of cumulative volume before activity faded after the tournament
  • —HIP-4 has 28 approved templates and three external distributors, with order books not merged
Why it matters: Prediction markets are emerging as a distinct crypto trading segment, but HIP-4 remains orders of magnitude behind Kalshi and Polymarket.
#HYPE
Source: TokenPost
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