TLDR
- Hyperliquid has launched HIP-3 growth mode to allow anyone to deploy new markets with low fees.
- The upgrade reduces taker fees by over 90 percent on eligible markets for 30 days.
- Deployers can activate growth mode without needing approval from centralized validators.
- Taker fees can drop as low as 0.00144 percent for top-tier stakers and high-volume traders.
- Markets must be unique and cannot overlap with existing validator-operated perpetuals.
Hyperliquid has activated HIP-3 growth mode, a new upgrade that enables ultra-low-fee market deployments to stimulate liquidity.
The decentralised exchange now allows users to deploy new markets without permission, cutting taker fees by over 90%.
This move aims to encourage participation from market makers and reduce trading costs to attract a more diverse set of asset listings.
HIP-3 Launch Unlocks Permissionless Market Deployment
Hyperliquid introduced HIP-3 to reduce entry barriers for deploying new perpetual markets on its platform.
Deployers can now launch assets with a permissionless process, bypassing centralized approval mechanisms entirely.
This process opens access to creators who want to experiment with new or unconventional market offerings.
Growth mode allows deployers to activate reduced taker fees for 30 days, locking settings to maintain trading stability.
Hyperliquid said deployers must select a fee scale between 0 and 1 when activating the growth mode on an asset.
The fee scale sets how much of user fees they retain before accounting for eligible trading discounts.
Fee Reduction Targets Liquidity Surge
HIP-3 reduces all-in taker fees on growth mode markets to a low 0.0045%- 0.009%, down from the standard 0.045%.
Traders at the top staking and volume levels can pay even less, as low as 0.00144% to 0.00288%.
This change positions Hyperliquid as one of the lowest-cost decentralised derivatives platforms currently available.
However, deployers cannot duplicate validator-operated perpetuals to prevent volume overlap with existing markets.
Assets must differ from crypto-perpetuals, indexes, ETFs, or pairs that mimic current validator-based offerings.
Hyperliquid emphasised that this requirement avoids “parasitic” trading activity that could split existing order books.
User Reaction and Token Price Movement
Social media users have welcomed the update, calling the changes “insanely bullish” and praising the fee model flexibility.
One X post stated, “Deployers, get ready to flood the chain with alpha markets. Traders, brace for volume explosions.”
The update sparked discussions around deploying exotic commodities, real-world yields, and tokenised treasury markets.
Despite positive community feedback, Hyperliquid’s native token HYPE dropped 6% after the announcement.
At press time, HYPE was trading below $40, according to real-time market tracking platforms.
Market participants continue to watch the token price as new growth-mode markets begin to launch.
Hyperliquid has not issued a timeline for further protocol upgrades following HIP-3.
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