Hyperliquid Launches HIP-3 Growth Mode
Key Takeways:
- Hyperliquid’s new HIP-3 Growth Mode cuts trading fees on emerging markets by more than 90%, making it easier for builders to start and grow perpetual contracts.
- This upgrade is meant to boost liquidity and bring in more users, which could change the way decentralized finance works.
HIP-3 is an upgrade to the protocol that lets anyone make their own perpetual markets on Hyperliquid’s infrastructure. To start, builders put down 500,000 $HYPE tokens as a security deposit. In exchange, they have control over important settings like oracles for price data, leverage limits of up to 20x, and even types of collateral. It’s like having your own mini-DEX inside a bigger ecosystem, where you share fees with the protocol. Deployers get to keep up to 50% of them.
Growth Mode goes even further by going after new markets. Usually, taker fees are about 0.045%. In this mode, they drop to 0.0045%–0.009%, which is 5–10 times lower. Rates could drop as low as 0.00144% for the platform’s best traders. Deployers choose when to turn on this mode, which gives them a way to get liquidity going without a lot of marketing.
Lower fees make trading easier to get into. This could attract retail users who are tired of centralized exchanges like Binance in an area where high costs can scare off new users. Hyperliquid already handles billions of dollars in volume every day. Its on-chain orderbook and HyperBFT consensus make it faster and safer than its competitors.
