Hyperliquid’s HIP-3 Upgrade to Unlock Permissionless Perp Market Creation
- The HIP-3 network upgrade will activate on October 13, allowing users to launch perpetual futures markets.
- Deployers can create markets by staking 500,000 HYPE.
- HYPE has increased by 13.4% in the last 24 hours, reaching approximately $42.
- The market capitalization of HYPE is around $14.1 billion.
- During a recent market flush, Hyperliquid experienced $10 billion in liquidations out of a total of $19.3 billion across the crypto market.
- Binance faced significant issues during this volatility, leading to hundreds of millions in reimbursements being distributed.
The HIP-3 upgrade introduces permissionless deployment for perpetual DEXs on HyperCore with integrated safeguards like validator slashing and open interest limits. This development allows users to engage more freely within the decentralized finance space.
With HYPE’s recent surge and a market cap of $14.1 billion, the upcoming upgrade signifies a pivotal moment for Hyperliquid as it enhances user capabilities in launching new markets.(Source)
