Hyperliquid Launches HIP-3, Enabling Permissionless Perpetual Futures Market Creation
Hyperliquid, a decentralized perpetuals exchange, has rolled out HIP-3, a groundbreaking feature allowing any qualified on-chain participant to create perpetual futures markets. The upgrade, launched on November 13, 2025, marks a significant leap in open derivatives infrastructure.
The initiative, integrated after months of development, aims to enhance capital efficiency and global price discovery. Felix Protocol has already Leveraged HIP-3 to launch a Tesla ($TSLA) perpetual futures market, showcasing the feature's potential.
HIP-3 introduces a permissionless framework where deployers must meet specific on-chain requirements, including a minimum auction price of approximately $1.27 million. The MOVE underscores Hyperliquid's commitment to scaling tradable assets and democratizing derivatives trading.
