Hyperliquid is expected to activate HIP-3, a major protocol upgrade that will enable the permissionless creation of perpetual futures markets, later today.
A Hyperliquid administrator announced in the protocol’s Discord channel that a network upgrade on Oct. 13 will include enabling HIP-3.
“HIP-3 will be enabled during this network upgrade. There is no immediate change for users. Deployers meeting the onchain requirements will be able to deploy perps for trading once ready,” said the administrator.
The project said in a previously disclosed document that HIP-3 (Hyperliquid Improvement Proposal 3) will support builder-deployed perpetuals, marking “a key milestone toward fully decentralizing the perp listing process.”
With HIP-3 in place, deployers will be able to permissionlessly launch a perp DEX on HyperCore by staking 500,000 HYPE. Integrated with HyperEVM for smart contracts and governance, HIP-3 includes safeguards like validator slashing and open interest caps, according to the document.
HYPE’s price rose 11% in the past 24 hours to around $42, according to The Block’s price page. It has a market capitalization of roughly $11.4 billion.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
