Hyperliquid HIP-3 upgrade enables permissionless perpetual futures markets, boosting decentralization and HYPE token’s value.
Hyperliquid is set to activate its HIP-3 upgrade on October 13, 2025. The upgrade will allow users to create perpetual futures markets without needing permission from a central authority.
This move is a significant step toward decentralizing the platform, providing more freedom for developers and traders. The news has generated excitement, as it opens up new opportunities in decentralized finance (DeFi).
Key Features of HIP-3 and Its Purpose
HIP-3 is a protocol upgrade that enables permissionless creation of perpetual futures markets on Hyperliquid. Until now, deploying a market on the platform required approval, limiting the types of perpetual markets available.
With HIP-3, developers can deploy their own markets once they meet specific on-chain requirements. This change will give users more freedom and flexibility to create new markets without waiting for platform approval.
> Hyperliquid HIP-3
> Proposal: May 2025
> Goal: Fully decentralize perp markets> Allow anyone to build and deploy perps on HyperCore
> Stake 500k $HYPE to launch a market
> Builds on HIP-1 token standard and HIP-2 liquidity> Perp prediction markets can be built
> Will be… pic.twitter.com/zPzuDNd0yi— Param (@Param_eth) October 13, 2025
The goal of HIP-3 is to fully decentralize the listing process for perpetual futures. This opens the door for a wider variety of markets to emerge, enhancing the platform’s diversity.
By allowing permissionless deployments, Hyperliquid aims to attract more developers and traders, making the platform more competitive in the DeFi space.
Technical Aspects and Security Measures of HIP-3
One of the key technical components of HIP-3 is the integration with HyperEVM. This upgrade allows for better smart contract execution and governance on the network. It ensures smoother operations for both deployers and traders, improving the overall user experience.
The integration of HyperEVM is an important step in making the platform more decentralized and user-friendly.
To ensure security, HIP-3 also includes several safeguards, such as validator slashing and open interest caps. Validator slashing will penalize bad actors who attempt to manipulate the market.
The open interest caps will limit the size of positions to prevent excessive risk-taking. These measures aim to create a more stable and secure environment for trading on the platform.
Impact on HYPE Token and Market Sentiment
Since the announcement of HIP-3, the HYPE token’s price has surged by 13% at the time of writing. This increase in price reflects growing confidence in the platform’s future.
As more developers and traders join the network, the demand for HYPE tokens will rise. The surge in HYPE’s value shows that the market sees the potential of the upgrade and its long-term benefits.
At the time of writing, HYPE has a market capitalization of around $11.3 billion. The upgrade to HIP-3 is expected to attract even more participants to the Hyperliquid platform. As a result, the value of HYPE tokens could see further growth as the platform becomes more decentralized and accessible.
The launch of HIP-3 is an important milestone for Hyperliquid. It marks a significant step toward decentralization, making the platform more attractive to developers and traders.
By enabling permissionless perpetual futures markets, the platform is set to become a more open and competitive player in the DeFi ecosystem.
