Hyperliquid's latest upgrade, HIP-4, has made significant strides in the prediction market space. The platform recently celebrated an impressive surge in open interest, which reached approximately $24.77 million. This growth is primarily fueled by traders placing bets on the potential winner of the 2026 FIFA World Cup trophy.
#What Drives Interest in the 2026 FIFA World Cup?
The excitement surrounding the World Cup has resulted in a noteworthy increase in trading volume. As of June 11, 2026, the weekly trading volume on HIP-4 peaked at $16.32 million, with about $9.63 million, or roughly 60%, generated from markets focused on World Cup predictions. This signifies a 20% rise compared to the previous week. Sports-related markets have thus become a dominant force on HIP-4, now representing approximately 99% of all active open interest. Currently, total open interest on HIP-4 stands at around $51 million, with sports interest contributing about $49.52 million. The champion market, where participants wager on the likely World Cup victor, currently leads this segment by a significant margin, with countries like France, Argentina, and Spain receiving the most attention from betters. Each wager is fully collateralized and settled in stablecoins within the Hyperliquid ecosystem.
#How Does HIP-4 Stand Out Among Competitors?
The key differentiator of HIP-4 is its introduction of fully collateralized binary outcome markets. In these markets, every bet has a clear resolution, either winning or losing, as the contracts resolve to either zero or one. Launched in May 2026 on Hyperliquid’s mainnet, it first featured recurring BTC binaries before branching out to encompass the World Cup champion market. A noteworthy benefit of using HIP-4 compared to other prediction platforms like Polymarket is its fee structure. HIP-4 does not impose any fees for opening positions. Instead, fees are only applicable when closing or settling a position, making it an attractive option for traders seeking to maximize their returns.