Hyperliquid Daily Trading Volume More Than Doubles Following HIP-4 Launch

Hyperliquid Research Collective reported that daily trading volume surged from an average of $545,000 in August to $1.97 million by August 31, following the opening of HIP-4 to external venues. Outcome captured 85% of the volume, while Skew accounted for 1%. The platform allows binary contracts to hedge perpetual futures using the same mark price, minimizing basis risk.