Cross-industry ventures are tough. The two prediction market leaders, Kalshi and Polymarket, didn’t succeed with Perp DEX. Meanwhile, Perp DEX leader Hyperliquid also struggled with prediction/event contracts. Hyperliquid HIP-4 event contract daily trading volume recently dropped to under $1 million. The number of active HIP-4 markets fell from over 120 to less than 20 in just one month—a decline of more than 85%. Data source: @wublockchain12's data center, which recently launched a Hyperliquid feature: https://data.(wublock123.com)/dashboard/hyperliquid