The team behind HyperCore announced support for the HIP-4 proposal to expand into prediction markets, leading HYPE to gain double digits on Monday. Hyperliquid’s integration would offer collateralized contracts for political elections, sports, and more, with outcomes trading denominated in Hyperliquid USDH. HYPE surged 19.5% to $37.14, following a 46.9% rally in the last month.

Perps trading volume has remained above $200 billion weekly, cooling off since November’s record of $341.7 billion. The integration of onchain perps and prediction markets is a significant move in the crypto space, with consistent trading volumes exceeding hundreds of millions of dollars daily. Weekly trading volumes over the past month are three to four times higher than in January 2025.

Read more at Cointelegraph: HYPE Rises 20% After Hyperliquid Backs Prediction Markets