Hyperliquid Plans to Compete with Polymarket by Introducing Zero-Fee Betting
On April 29, 2026, Hyperliquid announced plans to challenge Polymarket with a new fee structure for trading outcome tokens in prediction markets, according to CoinDesk. The platform aims to allow zero-fee entry for event betting while integrating crypto assets and real-world events in one account, as part of a broader market expansion.
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Hyperliquid is positioning itself to compete with Polymarket by rolling out a new fee structure on April 29, 2026, which revolves around trading outcome tokens. This zero-fee model allows users to open positions without cost, applying fees only when closing or settling trades. The new structure includes benefits for users employing Hyperliquid’s "aligned quote tokens," such as reduced taker fees and enhanced maker rebates.
The upcoming changes are part of Hyperliquid Improvement Proposal 4 (HIP-4), which introduces outcome tokens. This update is significant as it will enable users to trade binary contracts on real-world events, creating a comprehensive trading environment that combines crypto assets with prediction markets. Currently, the outcome tokens are only available on testnet, and a mainnet launch date has yet to be announced.
The prediction market sector has been booming, with trading volumes exceeding $63 billion in 2025, reflecting a more than 300% increase from the previous year. Hyperliquid aims to leverage this growth by building the necessary infrastructure to challenge existing platforms like Kalshi and Polymarket. The previous upgrade, HIP-3, has already contributed to over 35% of Hyperliquid’s trading volume since its launch in October 2025.
As Hyperliquid advances toward a mainnet launch, the attention turns to how it will differentiate itself within a rapidly evolving market. Observers will be looking for updates on the new token dynamics after HIP-4 is implemented and how these changes affect competition with other established players.
Summary based on original reporting by Oliver Knight at CoinDesk, originally published Apr 29, 2026. SolanaWire does not republish source content.
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