13 Oct
13Oct

Hyperliquid (HYPE) is scheduled to activate its major protocol upgrade, Hyperliquid Improvement Proposal 3 (HIP-3), later today, October 13.


Key Takeaways of HIP-3

This upgrade marks a significant step toward decentralization by enabling the permissionless creation of perpetual futures markets.

  • Decentralization Milestone: HIP-3 supports builder-deployed perpetuals, fully decentralizing the process of listing new perp markets.
  • No Immediate Change for Users: While the upgrade is happening, an administrator noted that there will be no immediate change to the user experience.
  • Requirements for Deployers: Once HIP-3 is active, qualified deployers will be able to launch a perpetual decentralized exchange (DEX) on HyperCore by staking 500,000 HYPE tokens.
  • Security and Governance: The upgrade integrates with HyperEVM for smart contracts and governance, and includes important safeguards such as validator slashing and open interest caps to manage risk.

The HYPE token is up +13.29% on the news, reflecting the market's positive anticipation of this key protocol development.

October 2025, Cryptoniteuae

Comments
* The email will not be published on the website.