Hyperliquid has expanded its offerings by adding macro events to its outcome-based markets, just weeks after their initial launch.
New Markets Launched
The platform currently supports two new markets. However, both have minimal open interest at the time of this report. The initial Bitcoin “above or below” daily market has generated approximately $140,000 in volume over the past 24 hours.
HYPE Token Surge
This development coincides with a renewed rally in the price of the HYPE token. The token has surged by about 8% in the last few hours, reaching a new all-time high of over $64.3. HYPE has been one of the best-performing cryptocurrencies in recent weeks, rising from below $40 this month. This growth has been fueled by increasing institutional demand and overall market enthusiasm.
Positive ETF Flows
HYPE exchange-traded fund (ETF) flows were positive last week, contrasting with the broader industry, which experienced over $1.5 billion in cumulative outflows.
Outcome Market Volume
Data from hl.eco indicates that the cumulative outcome market volume has surpassed $52 million. While this is significantly less than the volumes seen on platforms like Polymarket or Kalshi, it is important to note that Hyperliquid’s outcome markets were launched only a few weeks ago.
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