Hyperliquid Launches HIP 4 Testnet as HYPE Tests $53

Hyperliquid just launched its first permissionless HIP 4 deployments on the testnet. This update gives developers a brand new way to build prediction and outcome markets on the decentralized layer 1 blockchain.

At the same time, the HYPE token is feeling some heat in the market. The price is sliding down toward the $53 mark, and large whale wallet transfers are adding extra downward pressure on the asset right now.

Traders and developers will want to keep a close eye on how the HIP 4 testnet performs in the coming days. Successful adoption of prediction markets could bring fresh energy back to the ecosystem once the current market pressure settles down.