What is a HIP-4 outcome market?
HIP-4 supports event-linked outcome markets on Hyperliquid. Each market's contract description defines the event, possible outcomes, and settlement process.
HIP-4 Dashboard — Hyperliquid Outcome Markets
Across the last 30 days, Hyperliquid HIP-4 outcome markets traded $111.86M in notional with 3,530,335 trades from 5,739 unique traders. Total fees: $58.60K. Tracked outcome markets: 20831. Latest end-of-day open interest (USD): $2.37M.
HIP-4 introduced event-linked outcome markets to Hyperliquid. Each side is represented by an outcome token, and the market settles according to its event rules. Loris Tools tracks volume, fees, traders, and per-token contribution for every active and archived HIP-4 outcome. View the HIP-4 trader leaderboard or the Outcome.xyz HIP-4 dashboard or the Skew Markets HIP-4 dashboard or the Events by TradeXYZ HIP-4 dashboard.
Data updated: .
Top HIP-4 markets by 30-day trading volume
HIP-4 Dashboard
Summary
Open interest
FAQs
HIP-4 outcome markets questions
The dashboard tracks Hyperliquid outcome-market volume, open interest, traders, fees, and per-outcome activity.
How should an outcome-market price be interpreted?
Price reflects the market's traded valuation of an outcome under the contract rules. It can resemble an implied probability, but fees, liquidity, and settlement mechanics can prevent a one-to-one probability interpretation.
What does HIP-4 traded notional measure?
Traded notional measures the value exchanged in HIP-4 outcome markets during the selected period. Trade count and unique traders add context about how broadly that activity is distributed.
What does HIP-4 open interest show?
Open interest measures outstanding exposure in HIP-4 outcome markets. It differs from volume because it excludes positions that traded and were subsequently closed.
What are the main risks in HIP-4 outcome markets?
Key risks include misreading the resolution rules, thin liquidity, price gaps, changing event information, and uncertainty around the settlement source.