According to CoinMeta, Hyperliquid has announced that its HIP-4 testnet is now live. Developers can deploy prediction markets by staking 100 HYPE, without the need for auctions or payment of gas fees. The price of HYPE fluctuates in the range of $52 to $54, under the pressure of large-scale whale transfers. In the past 24 hours, Hyperliquid was destroyed in amounts of about 26,080 HYPE, worth approximately $1.43 million, while the protocol incurred costs of about $1.47 million. Hyperliquid stated that unauthorized deployment of HIP-4 is now available on the testnet, allowing anyone to deploy result markets.