Hyperliquid expands market infrastructure via HIP-4 and HIP-3

Hyperliquid has expanded its blockchain infrastructure through the rollout of HIP-4 and HIP-3 protocols, aiming to facilitate a broader range of financial markets.

Following the August 29 opening of HIP-4 outcome-market infrastructure to external venues, daily trading volume increased significantly. According to research, daily volume rose from an August average of approximately $545,000 to $1.97 million by August 31, eventually reaching approximately $2.75 million. The rollout allows for permissionless market deployment at the protocol level. Two outside venues, Outcome and Skew, have already begun deploying markets using approved templates. HIP-4 supports fully collateralized outcome contracts that settle within a fixed range, typically zero or one, without the use of leverage or liquidations.

Complementing this, the HIP-3 proposal seeks to allow third parties to deploy perpetual futures markets on the Hyperliquid blockchain. This infrastructure is designed to extend trading capabilities beyond cryptocurrencies to include traditional assets such as stocks, indices, commodities, and currencies, utilizing the protocol to create markets linked to traditional financial instruments.