Hyperliquid is moving forward with a new upgrading proposal that plans to connect the forecast market directly to the existing trading system. If the HIP-4 landing occurs, eligible participants can create their own markets in the chain and no longer rely on a centralized approval process. This has also allowed the use of HYPE to further extend from the trade of ecological tokens to the market creation threshold.

Proposed HIP-4 access to projected markets

The proposal was designed to predict that the market would not operate as a stand-alone application, but would use the existing Hypeliquid order book, liquidity pool and trading account system directly. In other words, the related transaction would be shared with the same infrastructure as the live, durable contract product.

The forecast market is usually used to trade the results of future events, covering elections, sporting events, macrodata and events in the encryption industry. For Hyperliquid, this means that the agreement seeks to integrate more event-type transaction needs into existing ecology, rather than to build a separate platform.

Create threshold of 500,000 Hypes

One of the core constraints of the HIP-4 is that market creators are required to pay half a million hypes as a deposit to get the market online. The value of this portion of the bond is approximately US$30.5 million, calculated on the basis of HYPE ' s estimated US$60.92.

This bond is not a form requirement. If the founder violates the rules of the agreement, or if there is a malicious act, the bond may be partially or entirely forfeited. The purpose of the mechanism is to increase the accountability of market sponsors and to reduce the risks posed by low-quality or disputed markets.

In terms of token functions, it also expands the role of the HYPE in the protocol. In addition to its original use, the holding of hype will be directly related to who is qualified to launch a new forecast market.

HYPE short-term attention US$ 62.16

As at the time of the submission, the HYPE report was US$ 60.92, a 24-hour drop of about 0.2 per cent, with fluctuations between US$ 59.85 and US$ 61.57. The last 7 days, 14 days and 30 days have fallen by 5.4 per cent, 12 per cent and 14.1 per cent, respectively, indicating that the short- and medium-term lines are still at a falling stage.

However, if seen for a long time, HYPE is still 33.4% higher than a year ago. Compared to the historical high of US$ 76.87 on June 16, 2026, current prices are still about 21.2 per cent lower.

It is mentioned that the first key resistance of current market interest is US$ 62.16. If the solar line is repositioned at this position, the next resistance is approximately US$ 64.55. Below, attention needs to be paid to the support of $60.74, and the market may look further at $59.18 if it fails.

Protocol activity is still high.

Despite the fall in the price of tokens in recent weeks, the chain activity of Hyperliquid has not significantly cooled. The data in the text show that the total value of the agreement is currently approximately $6,669 million, with a 24-hour trade of approximately $268.29 million.

Based on the mean structure, the HYPE is still below the 10, 20 and 50-day movement mean, indicating that short-line kinetic energy has not yet been fully repaired; however, the price is still above 100 and 200-day movement mean, indicating that the longer-cycle trend has not been disrupted.