HyperliquidX Says It Now Supports Canonical Outcome Markets Based on Offchain Events

Hyperliquid said HIP-4 now supports canonical outcome markets tied to offchain events using validator-run native resolution rather than third-party oracle systems. The platform said existing validators will run specialized software that automates newsfeeds as event outcomes and that the outcomes will be resolved by 24 validators that produce Hyperliquid L1 blocks in under a second and secure $3 billion in liquidity. Hyperliquid also shifted HIP-4 to use USDC as its main liquidity source. The company said HIP-4 began with crypto price movement markets and has since expanded into macro predictions such as Fed interest rates and inflation levels. Prediction markets launched on May 2 and, according to the report, the platform has processed 1 million trades with around 500 traders while preparing for future third-party market deployment modeled on HIP-3.

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