Hyperliquid’s HIP-3 Upgrade to Unlock Permissionless Perp Market Creation

The upgrade marks a large measurement toward decentralizing Hyperliquid’s derivatives infrastructure, giving builders the quality to motorboat perpetual futures markets straight onchain.

Updated Oct 13, 2025, 10:01 a.m. Published Oct 13, 2025, 10:01 a.m.

Hyperliquid volition activate its HIP-3 web upgrade connected Monday, allowing anyone who meets onchain requirements to motorboat perpetual futures markets connected the platform.

An head announced successful Hyperliquid’s Discord that the Oct. 13 upgrade volition crook connected HIP-3, adding that “there is nary contiguous alteration for users,” but deployers tin make markets “once ready.”

The connection — Hyperliquid Improvement Proposal 3 — introduces permissionless deployment of perpetual DEXs connected HyperCore by staking 500,000 HYPE. Integrated with HyperEVM, HIP-3 includes safeguards specified arsenic validator slashing and unfastened involvement limits.

HYPE has risen 13.4% successful the past 24 hours to astir $42, giving the token a marketplace capitalization of astir $14.1 billion, according to CoinMarketCap.

HyperLiquid was successful the spotlight implicit the play pursuing the crypto market's leverage flush that saw $19.3 cardinal worthy of liquidations, $10 cardinal of which connected HyperLiquid, per CoinGlass. Rival speech Binance performed poorly during the volatility, resulting successful hundreds of millions of dollars being distributed successful reimbursements.

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