TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 7, 5:00 PM EST
Kalshi
This event group tracks whether Hyperliquid (HYPE) token price moves up or down during a specific 4-hour window on July 7, 2026 (4:00 PM–8:00 PM ET). Two platforms offer markets on this outcome, but they use fundamentally different data sources and measurement methodologies to determine the result.
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.
Resolution is based on the simple average of CF Benchmarks' HYPEUSD_RTI over the 60 seconds immediately preceding 5 PM EDT on July 7, 2026. Each outcome corresponds to a specific price threshold, with resolution to Yes if the average price exceeds that threshold at exactly the specified time. If data is unavailable or incomplete at expiration, affected outcomes resolve to No. The CF Benchmarks Real-Time Index provides continuous pricing data for accurate price determination.
Both platforms host the same underlying question, yet their odds can diverge due to differences in user base, liquidity depth, and trading mechanics. Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Kalshi's regulatory framework and order-book structure may attract institutional traders with longer time horizons, while Polymarket's design appeals to retail crypto-native participants trading on shorter cycles. Liquidity imbalances, regional access restrictions, and fee structures also influence where traders concentrate their capital. Arbitrage opportunities emerge when the spread widens, incentivizing traders to balance prices across venues over time.
Macro crypto sentiment, Bitcoin or Ethereum volatility, and Hyperliquid-specific announcements (product launches, partnerships, governance votes) are primary catalysts. Regulatory news affecting the broader exchange or derivatives market can shift odds sharply. On-chain metrics—such as large liquidations, funding rate spikes, or unusual whale activity—often precede directional moves and influence trader positioning. Market-wide risk-off events (equity selloffs, Fed announcements) tend to pressure altcoins, while positive sentiment around DeFi or perpetual trading can drive upside. Monitoring these signals helps traders refine their conviction as the window approaches.