Prediction markets have just reached a historic milestone with Hyperliquid, which removes external oracles and gives this power to its validators. An innovation that could shake up DeFi… and propel a little-known crypto to the top. We decrypt.
In brief
- Hyperliquid launches prediction markets governed by its validators, eliminating external oracles like Chainlink or Pyth.
- Hyperliquid's 24 validators vote to create and settle markets linked to real events (e.g. CPI).
- The HYPE token could benefit from this innovation, with a recent increase of 26.8% over 7 days.
Hyperliquid: validators become oracles, a first in DeFi
Hyperliquid has just launched a new feature: prediction markets governed by its validators, eliminating the need for external oracles like Chainlink or Pyth. Concretely, the 24 validators who already secure +$3B in deposits now vote to create and settle markets linked to real events (eg: inflation, CPI). The first market “May CPI year-over-year”has already generated $11,268 in volume.
This 100% native approach differs radically from competitors. Indeed, Polymarket uses the Optimistic Oracle (UMA), while Kalshi relies on a centralized team. Here, no third parties, no latency. Everything is managed internally by the validators, via automated newsfeed software.
Result: more transparency, less costs, and smooth integration into the Hyperliquid ecosystem, already a leader in perpetual futures. With the HIP-4 update, the platform is expanding its influence… and could well redefine the standards of prediction markets on the blockchain.
This little-known crypto could jump thanks to Hyperliquid
If Hyperliquid clearly benefits from this innovation, another crypto could gain an unexpected advantage: HYPE, its native token. Despite a drop of 3.5% over 24 hours, HYPE shows an increase of 26.8% over 7 days, a sign of growing interest. For what ? Because this HIP-4 update draws attention to the Hyperliquid ecosystem, boosting demand for its token.
To this end, analysts point out that prediction markets could boost the usefulness of HYPE, used for governance and transaction fees. If adoption of prediction markets explodes, HYPE could experience an unexpected rally! With daily volume oscillating between $4 million and $8 million, Hyperliquid proves its resilience. Moreover, the absence of dependence on external oracles reduces operational costs. An asset for crypto investors.
Hyperliquid marks a major breakthrough for DeFi, while HYPE positions itself as an outsider to follow. But will this innovation be enough to convince traders? And you, would you dare to bet on HYPE or would you prefer to wait?
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
