Hyperliquid has expanded its prediction market offerings by introducing macroeconomic event based trading, deepening the platform’s push into the growing prediction market sector.
The new additions come only weeks after the protocol launched its first outcome based trading products.
At present, the platform supports prediction markets tied to two major economic events:
May Consumer Price Index year over year data
June Federal Reserve interest rate decision
Although these newly launched markets currently show relatively low open interest, Hyperliquid’s original Bitcoin daily prediction market has already gained traction. The “above or below” Bitcoin market generated approximately $140,000 in trading volume over the past 24 hours.
HYPE Reaches New All Time High
The expansion into macro prediction markets comes as HYPE continues its impressive rally.
The token surged roughly 8% within just a few hours and climbed above $64.30, setting a new all time high.
HYPE has emerged as one of the strongest performing cryptocurrencies in recent weeks. Earlier this month, the token traded below $40 before rapidly climbing to its current levels.
The rally has largely been fueled by rising institutional demand and growing excitement surrounding the Hyperliquid ecosystem.
Unlike much of the broader crypto industry, which experienced more than $1.5 billion in cumulative ETF outflows last week, HYPE related ETF products reportedly continued attracting positive inflows.
Prediction Market Volume Continues Growing
According to data from hl.eco, cumulative trading volume across Hyperliquid’s outcome based markets has already surpassed $52 million.
While those figures remain significantly smaller than established prediction market platforms such as Polymarket and Kalshi, the rapid growth is notable given that Hyperliquid’s prediction products were introduced only a few weeks ago.
The expansion suggests that the platform is increasingly positioning itself as both a trading hub and a broader prediction market ecosystem within the crypto sector.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
