Hyperliquide has released the fee structure for its outcome tokens, the assets that underpin market-style prediction trading on the platform, a sign that a mainnet launch is getting closer.
Prediction markets have become one of the fastest-growing areas in crypto, with trading volume growing more than 300% in 2025 to $63.5 billion, and Hyperliquid is building the infrastructure to compete with incumbents such as Kalshi and Polymarket.
The key detail of the structure is that opening a position costs nothing. Fees only apply when closing or settling a transaction. The document presents six scenarios covering minting, trade, incineration and colonization.
Traders using Hyperliquid’s “Aligned Quote Tokens” benefit from better rates, with 20% lower taker fees and 50% higher maker discounts than standard. The full pricing plan has been released for developers.
The broader meaning is that HIP-4, the upgrade introducing outcome tokens, would allow users to trade binary contracts on real-world events alongside Hyperliquid’s existing perpetuals and spot positions in a single account, as it appears to rival platforms like Polymarket, which said earlier this week that perpetual trading is “coming soon.”
Hyperliquid’s previous upgrade, HIP-3, which opened permissionless perpetual licenses to developers, has reached over 35% of the platform’s total trading volume since its introduction in October 2025.
Result tokens are currently only on testnet. No mainnet dates have been confirmed.
