Summary
- Arthur Hayes said Hyperliquid will emerge as a major prediction market on the back of its large user base, low trading fees, and technical infrastructure.
- Hyperliquid is pursuing the HIP-4 upgrade for prediction-market adoption and is considering waiving position-opening fees.
- Hayes said the Hyperliquid token can connect prediction-market trading volume with token value, allowing holders to generate direct revenue through HIP-4 use.
Arthur Hayes, co-founder of BitMEX, said Hyperliquid has the makings of a strong competitor in prediction markets.
CoinDesk reported on April 30 that Hayes wrote in a memo that Hyperliquid will quickly emerge as a major prediction market, driven by its large user base, low trading fees and strong technical infrastructure.
Hyperliquid is pursuing the HIP-4 upgrade to roll out prediction markets. The platform is also considering eliminating position-opening fees for prediction-market trades.
Hayes wrote that the bigger differentiator is not fees but the Hyperliquid token itself. Hyperliquid token holders can generate direct revenue through use of HIP-4, he said. Unlike existing prediction-market platforms such as Kalshi and Polymarket, Hyperliquid can connect prediction-market trading volume with token value.
Hyperliquid was trading at $39.61 as of 4:52 p.m., down 2.43% from a day earlier, according to CoinMarketCap. That was 3.95% lower than a week earlier.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
