Hyperliquid activated its HIP-3 network upgrade on October 14, 2025, allowing developers to deploy permissionless perpetual futures markets by staking 500,000 HYPE tokens.
This upgrade potentially increases decentralized exchange trading volumes and competition, influencing liquidity flows without immediate impacts on major cryptocurrencies like ETH or BTC.
Hyperliquid's HIP-3 network upgrade was launched on October 14, 2025. This upgrade enables qualified developers to establish their own permissionless perpetual futures markets by staking 500,000 HYPE tokens as collateral.
The core contributors of Hyperliquid announced the upgrade via official channels. According to a Hyperliquid Discord administrator, developers can now create decentralized exchange markets on HyperEVM. "HIP-3 [is] enabled in today’s mainnet upgrade. Qualified developers can now launch their own perpetual DEX markets on HyperEVM."source.
The activation might cause shifts in liquidity flows and total value locked (TVL) on Hyperliquid. The recent liquidations have been described as one of the biggest crypto history events.
Financial impacts include requiring developers to deposit slashable collateral, securing the protocol against misuse. No immediate effects on ETH or BTC but altcoin market changes are anticipated.
Historical contrasts show permissioned setups were standard. HIP-3's freedom resembles earlier DeFi decentralization innovations. Developers are now encouraged to explore different fee models and oracle configurations.
The probable outcomes could involve increased DEX trading and developer participation, echoing past DeFi growth. While regulatory bodies have yet to comment, the potential for market impact continues to rise.