Hyperliquid Launches HIP-3 Upgrade for Permissionless Perpetual Markets
Hyperliquid has unveiled HIP-3, a major upgrade enabling developers to launch decentralized perpetual markets without permissions. The move democratizes access to derivatives trading infrastructure while maintaining security through a 500,000 HYPE token staking requirement for market creators.
The integration with HyperEVM brings smart contract functionality and on-chain governance to HyperCore's trading environment. This technical leap could accelerate innovation in crypto derivatives, particularly for altcoin markets that lack institutional-grade trading venues.
By shifting control to builders, Hyperliquid positions itself as a potential hub for next-generation financial products. The upgrade arrives as derivatives trading volume continues outpacing spot markets across crypto exchanges.