HYPE Price Prediction as RWA Trading on Hyperliquid Jumps Ahead of Outcomes Launch

Key Insights

• HYPE price has risen modestly in the past few days.
• The RWA open interest and volume on Hyperliquid has continued rising.
• The network will launch Outcomes, its prediction marketplaces this week.

HYPE price rose for four consecutive days, helped by the ongoing crypto rebound and its booming network growth. Hyperliquid token rose to $37.13, a few points above last week’s low of $34.37. This rally may continue in the foreseeable future as the RWA volume on its platform jumps and Outcomes launch nears.

RWA Open Interest is Soaring on Hyperliquid

Real-World Asset (RWA) tokenization assets are booming on Hyperliquid, the biggest perpetual futures marketplace in the crypto industry.

In a statement, the network said that the open interest in RWA trading has continued to hit an all-time high (ATH) week after week. It jumped to a record high of over $2.3 billion, a notable amount that beat other large players in the industry.

Hyperliquid RWA growth | Source: X

Hyperliquid has become a popular trading venue for traders interested in a variety of assets. While it started as a crypto-focused platform, it has evolved into a platform where people can trade assets across most sectors, such as commodities.

A good example of this growth is in the commodity market, where it has become the most popular venue for trading oil futures as the Iran war has continued. Unlike traditional trading venues, one can trade oil futures on its platform 24/7.

This growth is now showing up in the data. For example, at the time of writing, Bitcoin had an open interest of over $1.9 billion, while Ethereum had $1.2 billion.

WTI crude had a futures open interest of $568 million and ranked third on its platform. Brent’s open interest was over $498 million.

More data shows that Hyperliquid has become the most active platform in the crypto industry, with its volume continuing to rise. Its volume jumped to $209 billion in March from $201 billion a month earlier. This increase happened even as Bitcoin and most altcoins remained in a narrow range.

As we wrote recently, Hyperliquid’s volume was much higher than that of other perpetual futures companies combined. For example, edgeX handled volume of about $70 billion, while Aster, Grvt, and Lighter handled $68 billion, $39 billion, and $50 billion, combined.

Hyperliquid Prepares Outcomes Launch

HYPE price has also jumped as investors wait for a major upgrade to the network. The developers will launch HIP-4 potentially this week or next week.

HIP-4 will introduce Outcomes, its own version of a prediction market, where users can select between two options. The main difference between Outcomes and these prediction platforms is that users will be able to use leverage in their bets.

Outcomes could become a major growth catalyst for Hyperliquid, given the industry’s ongoing popularity. Data shows that popular companies like Kalshi and Polymarket are handling billions of dollars a month.

The implication is that its network fees will continue to rise, which will contribute to its token burns and buybacks. Hyperliquid made over $69.1 in fees in March, up slightly from $69 million in the previous month. It made $961 million last year and has already made $223 million this year.

HYPE Price Prediction: Eyes Sustained Recovery

The daily chart shows that the HYPE price has jumped in the past few months. After bottoming at $20.4 in January, it jumped to a high of $43.72. It has pulled back slightly, continuing the formation of higher highs and higher lows.

The coin formed a small morning star candlestick pattern on April 2nd. It has remained above the 100-day Exponential Moving Average (EMA) and is attempting to cross the Major S&R pivot point.

Therefore, the token will likely continue rising as its RWA volume surges and it prepares to launch its Outcomes. If this happens, the next important target to watch will be at $43.72.

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