Hyperliquid Provides Macro Prediction Markets, HYPE Explodes Above $64

Hyperliquid has expanded the suite of outcomes, furthering its involvement in prediction markets.

Weeks after asserting the launch of outcome-based markets, Hyperliquid has added macro occasions to its roster of tradeable predictions.

On the time of this writing, the platform helps two markets:

• Could CPI year-over-year
• June Fed price change

Each of those presently have minimal open curiosity, whereas the initially launched Bitcoin “above or beneath” every day market managed to draw round $140,000 in quantity over the previous 24 hours.

The transfer comes as HYPE’s worth renews its rally, hovering by about 8% prior to now couple of hours alone, presently buying and selling above $64.3 for a brand new all-time excessive. The token has remained one of many best-performing cryptocurrencies prior to now weeks. It elevated from beneath $40 to its present worth this month, pushed by skyrocketing institutional demand and total pleasure.

HYPE ETF flows have been optimistic final week – a stark distinction to the broader business, which noticed over $1.5 billion in cumulative outflows.

Information from hl.eco reveals that the cumulative end result market quantity has already topped $52 million – a far cry from Polymarket or Kalshi’s volumes, however it’s additionally value stating that it is an avenue launched mere weeks in the past.