Why will HIP-4 succeed? 1. Hyperliquid now has very strong distribution through its platform, as well as through the many frontends and wallets already integrating it. 2. Liquidity will be driven by arbitrage between Hyperliquid, Kalshi, and Polymarket. Once enough liquidity is bootstrapped, Hyperliquid can naturally become one of the main venues for prediction markets, especially for on-chain native users. 3. The same dynamic can apply to traditional options markets, where liquidity could develop through competition and arbitrage with platforms such as Deribit. HIGHER.