[Arthur Hayes: HYPE Token of Hyperliquid Could Become a Key Tool in the Prediction Market Sector] According to Golden Finance, on April 30, Arthur Hayes believes that Hyperliquid's planned HIP-4 prediction market will stand out not only due to its low transaction fees but also because its HYPE token allows users to directly share in the platform's growth benefits. Polymarket is expected to launch its own token (informally named POLY), with pre-market trading suggesting a fully diluted valuation of approximately $14 billion, while HYPE's valuation is around $38 billion. On the regulatory front, the two differ significantly: Polymarket and Kalshi are subject to regulatory restrictions in the U.S. and other regions, whereas Hyperliquid is more focused on serving Asia's crypto-native traders and operates without similar compliance constraints.