According to CoinMeta, Hyperliquid launched its HIP-4 result market infrastructure on August 29th, and within three days, the daily trading volume nearly doubled, increasing from an average of about $545,000 in August to $1.97 million. According to a report by the Hyperliquid research team, subsequent daily trading volumes reached around $2.75 million. Two external platforms, Outcome and Skew, released 500,000 HYPE tokens and began deploying the market using templates approved by seven Hyperliquid validators. Although early trading volumes were mainly concentrated in Outcome and were supported by transaction incentives, this launch made market deployment at the protocol level permission-free. HIP-4 supports fully collateralized result contracts that are typically settled within a fixed range, and the prices can represent the market's assessment of specific events occurring.