TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 1, 4:00 PM EST
Polymarket
This market will resolve to "Up" if the Hyperliquid price at the end of the time range specified in the title is greater than or equal to the price at the beginning of that range. Otherwise, it will resolve to "Down". The resolution source for this market is information from Chainlink, specifically the HYPE/USD data stream available at https://data.chain.link/streams/hype-usd. Please note that this market is about the price according to Chainlink data stream HYPE/USD, not according to other sources or spot markets.
This market will resolve to "Up" if the Hyperliquid price at the end of the time range specified in the title is greater than or equal to the price at the beginning of that range. Otherwise, it will resolve to "Down". The resolution source for this market is information from Chainlink, specifically the HYPE/USD data stream available at https://data.chain.link/streams/hype-usd. Please note that this market is about the price according to Chainlink data stream HYPE/USD, not according to other sources or spot markets.
Prediction market odds reflect aggregated trader conviction about an outcome, whereas spot price expectations are typically derived from technical analysis, on-chain metrics, or macroeconomic forecasts. When this market shows balanced odds near 50–50, it signals traders are genuinely uncertain about direction. If odds skew heavily toward one side, that suggests the prediction market crowd expects momentum in that direction—though spot traders and analysts may disagree. Comparing the two reveals whether professional traders, retail sentiment, and market structure are aligned or diverging on HYPE's likely movement.
On Polymarket, traders set prices through an automated market maker mechanism where buying one outcome automatically adjusts the odds of the other. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Each trade moves the odds incrementally, so the current price reflects the marginal cost of the last transaction rather than a centralized exchange. Liquidity providers and speculators continuously adjust positions based on new information, news flow, or their own conviction about HYPE's direction during the event window. The more capital deployed to one side, the more extreme the odds become, creating natural incentives for contrarian traders to balance the market.
This market resolves around Jul 1, 2026, once the four-hour trading window closes and the final price movement can be verified. The outcome is determined by comparing HYPE's price at the start of the window against its price at the close, with the result confirmed against credible public sources. Traders who correctly predicted the direction receive their winnings, while those on the losing side forfeit their stake. Resolution is typically swift once the event concludes and data is finalized.
Major catalysts include announcements from the Hyperliquid team, regulatory developments affecting crypto derivatives, shifts in broader market sentiment, and macroeconomic data releases during the window. On-chain activity such as large liquidations or whale transactions can trigger sharp price swings. Technical levels and support or resistance zones may also influence trader positioning ahead of the event. Additionally, correlation with Bitcoin or Ethereum, changes in funding rates, and sentiment shifts on social media can all shift odds as traders reassess their conviction in real time.