--- title: "Hyperliquid: HIP-4 launches testnet, plans to introduce a one-day expiry binary prediction market for BTC and HYPE" type: "News" locale: "en" url: "https://longbridge.com/en/news/278641891.md" description: "Hyperliquid announced that HIP-4 has launched on the testnet, with the first markets being periodic binary options based on HyperCore's marked prices. Users can view related markets in the \"Predict\" section of the testnet, with contracts being fully collateralized and featuring non-linear return characteristics. Future plans include launching a one-day expiry binary market for BTC and HYPE, supporting multi-outcome markets, although this feature was not included in the initial release. Hyperliquid will also transition portfolio margin from the pre-alpha phase to the alpha phase, expanding eligibility to portfolios under $500,000" datetime: "2026-03-11T02:01:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278641891.md) - [en](https://longbridge.com/en/news/278641891.md) - [zh-HK](https://longbridge.com/zh-HK/news/278641891.md) --- # Hyperliquid: HIP-4 launches testnet, plans to introduce a one-day expiry binary prediction market for BTC and HYPE PANews reported on March 11 that Hyperliquid announced that HIP-4 has officially launched on the testnet. The first batch of result-based markets is periodic binary options based on the HyperCore mark price, and users can view the relevant markets in the "Predict" section of the testnet interface. The result contracts are fully collateralized, settled within a fixed price range, feature non-linear returns and expiration time characteristics, and do not involve leverage or liquidation mechanisms. Hyperliquid also stated that it plans to launch a one-day expiration binary market for BTC and HYPE in the future, and the protocol is designed to support multi-outcome markets, although this feature has not yet been included in the first release plan. Hyperliquid previously disclosed that in the next network upgrade, the portfolio margin will transition from the pre-alpha phase to the alpha phase, expanding the applicable subjects from test accounts to portfolios under approximately $500,000, with a main account weighted trading volume exceeding $5 million required to enable portfolio margin and set supply and borrowing limits for each asset: 1. The overall supply limit for USDH is 500 million coins, with an overall borrowing limit of 100 million coins; 2. 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