HIP-3 Hyperliquid: Everything You Need to Know About the Latest HyperEVM Update (October 2025)
- What Is HIP-3 Hyperliquid?
- Why HIP-3 Is a Game-Changer
- The Community-Centric Model
- Hyperliquid vs. the Competition
- FAQs: HIP-3 Hyperliquid
The Hyperliquid ecosystem is taking a giant leap forward with its HIP-3 upgrade, introducing permissionless perpetual contract deployments, HYPE token integration for gas, and a community-driven staking model. This update positions Hyperliquid as a leader in decentralized finance (DeFi), outpacing competitors like Ethereum and BNB Chain in trading volume. Here’s a deep dive into what HIP-3 means for traders, developers, and the future of HyperEVM.
What Is HIP-3 Hyperliquid?
HIP-3 marks a pivotal moment for Hyperliquid, building on the foundations laid by HIP-1 (native token standards) and HIP-2 (spot order books). Launched on October 13, 2025, this upgrade introduces:
- Permissionless Perpetual Markets: Developers can now deploy thousands of perpetual contracts without gatekeeping.
- HYPE as Gas Token: Auction-based gas fees using HYPE, adding utility to the ecosystem’s native token.
- Fee-Sharing for Deployers: Creators earn revenue from trading fees on their markets.
- Staking for Market Creation: A minimum of 1 million $HYPE is required to launch a perpetual market, ensuring commitment.
Why HIP-3 Is a Game-Changer
HIP-3 isn’t just a technical upgrade—it’s a strategic shift. Here’s how it impacts the ecosystem:
- Scalability: Hyperliquid now supports exponentially more markets, reducing reliance on centralized competitors.
- Economic Shift: HYPE becomes central to governance, gas, and staking, creating a flywheel effect for demand.
- HyperEVM Integration: Deeper compatibility with EVM-based dApps accelerates cross-chain DeFi innovation.
In the last 24 hours, Hyperliquid’s trading volume surpassed ethereum and BNB Chain combined, according to. This isn’t just growth—it’s dominance.
The Community-Centric Model
By opting for permissionless deployments, Hyperliquid hands power to its users. While the 1-million-HYPE barrier might seem steep, it’s a trade-off for decentralization. As one BTCC analyst noted, “This mirrors Bitcoin’s early mining ethos—democratic but with skin in the game.”
Risks? Sure. Deployers face slashing for mismanaged markets, but that’s the price of innovation. Early adopters like Unit (the first to launch a decentralized perpetual market) are already proving the model’s potential.
Hyperliquid vs. the Competition
While Hyperliquid bets on decentralized derivatives, projects like Solana’s Snorter Bot cater to high-frequency speculators. Both approaches have merit, but Hyperliquid’s alignment with TradFi-DeFi convergence sets it apart. As of October 2025, the race isn’t close—Hyperliquid’s TVL grew 300% post-HIP-3, per.
FAQs: HIP-3 Hyperliquid
What’s the minimum HYPE required to deploy a market?
1 million HYPE, plus gas fees paid in HYPE via auctions.
How does fee-sharing work for deployers?
Creators earn a percentage of trading fees generated by their perpetual markets.
Is Hyperliquid’s volume really outpacing Ethereum?
Yes—as of October 2025, Hyperliquid’s derivatives volume exceeds Ethereum’s spot and futures combined.
