Hyperliquid HIP-4 event contract saw a record 6.05 million contracts traded on its first day of trading.

CoinFeed reported on May 5th that, according to FinanceFeeds, Hyperliquid's HIP-4 event contracts saw a notional trading volume of 6.05 million contracts on their first day of trading, equivalent to over $6 million, setting a new record for opening trading volume for this type of product. HIP-4 is Hyperliquid's native event contract standard, allowing the creation of fully collateralized event market contracts based on specific outcomes. Data shows that the product's first-day trading volume accounted for approximately 0.7% of the total trading volume in related prediction markets.