Hyperliquid announced the official launch of HIP-4 on the testnet on March 11, introducing the first batch of cyclical binary options markets based on HyperCore's spot prices. The contract is fully collateralized, featuring nonlinear payoffs and expiration characteristics. Future plans include launching one-day expiration markets for BTC and HYPE, as well as multi-outcome markets. The network upgrade will expand the scope of portfolio margin applicability and set limits on the supply and lending of USDH.

Hyperliquid exchange data shows that 12 out of the top 20 markets by trading volume are related to HIP-3 assets. This proposal supports creating perpetual futures markets based on external price sources, indicating increased trader interest in real-world assets.

Hyperinsight monitoring shows that the daily trading volume of the HIP-3 market on the Hyperliquid platform reaches $2.2 billion, accounting for 30.1% of the total. The demand for traditional asset trading continues to rise, primarily with WTI crude oil mapped contracts, with daily trading volume hitting a new high of $242 million, a 140% increase compared to the previous period.

BlockBeats News, March 5th, according to ASXN data, on March 3, 2026, the total number of daily trades across all HIP-3 markets on HyperliquidX surged to 3.4 million, setting a new record.