Hyperliquid Launches Off-Chain Prediction Markets with Validator Settlement
- Innovation in Off-Chain Markets: Hyperliquid has launched off-chain prediction markets that create markets through automated news feed software, with validators voting on deployment and settlement, aiming to enhance market transparency and accuracy, thereby increasing user trust.
- Key Role of Validators: Validators play a central role in market creation, voting based on criteria such as rule transparency, market outcome accuracy, and overall market quality, which not only reduces dispute risks but also enhances market reliability.
- Advancement in Decentralized Finance: This development marks a significant advancement in decentralized finance (DeFi), allowing users to bet on future events and addressing the oracle problem of reliably bringing real-world information onto the blockchain, potentially influencing market design across other DeFi platforms.
- New Opportunities for Traders: The new prediction markets provide traders with opportunities to speculate on real-world events within the Hyperliquid ecosystem, potentially increasing platform activity and liquidity, while testing the intersection of decentralized governance and real-world data feeds, with future success impacting the broader crypto ecosystem.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000208 | 0.000216 | 0.000224 | 0.000232 | 0.000239 | 0.000247 | 0.000255 |
| Fibonacci | 0.000216 | 0.000222 | 0.000226 | 0.000232 | 0.000238 | 0.000241 | 0.000247 |
About DEFI
About the author
