PANews 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 the opening trading volume of 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 trading volume on its first day accounted for approximately 0.7% of the total trading volume in related prediction markets.