Hyperliquid announces HIP-3 feature on testnet, allowing the launch of builder-deployed markets

Hyperliquid answered the challenge of the emerging new perpetual DEX by opening infrastructure for user-created ￰0￱ DEX will turn into a platform for builder-deployed perpetuals, with their separate liquidity and margin rules. Hyperliquid, the leading perpetual futures DEX, answered the challenge of its competitors by evolving into a platform for new market ￰1￱ exchange’s founder Jeff Yan, presented the HIP-3 infrastructure, which would allow the creation of builder-deployed ￰2￱ Cryptopolitan reported earlier, Hyperliquid is still struggling to keep the appeal of its platform and boost the native HYPE ￰3￱ and additions may keep Hyperliquid ahead of its ￰4￱ HIP-3 markets may arrive as early as next month, allowing the trading of more diverse assets, including tokenized ￰5￱ platform will allow builders to turn any market into a perpetual futures pair, tapping a wider array of assets even outside ￰6￱ new infrastructure of builder-deployed perpetuals, known as HIP-3, was presented on one of Hyperliquid’s Discord ￰7￱ initial launch will require a staking of 500K HYPE, decreased from the initial intention of a 1M HYPE ￰8￱ the infrastructure matures, the requirement to deploy a new perpetual market will decrease.

Initially, deployers will be able to launch one DEX with its specific margin rules and isolated ￰9￱ the future, Hyperliquid intends to build the opportunity for multiple perpetual markets per ￰10￱ HIP-3 infrastructure is available on testnet, with a bug bounty program for discovering several flaws before mainnet ￰11￱ is aware of the bugs and has prepared fixes, but uses them to drive team ￰12￱ to offer more diverse markets Hyperliquid plans to sell the rights to a HIP-3 market in a Dutch ￰13￱ new market will launch with up to three assets for free, holding auctions for each additional perpetual ￰14￱ markets will be more diverse, taking any asset as ￰15￱ builder-deployed DEX will also have double the fees, though Hyperliquid will take a 50% ￰16￱ new markets may expand the selection of assets and create isolated liquidity for specific projects that also want their own perpetual ￰17￱ platform will evolve with added stablecoins, which will be determined in the ￰18￱ DEX expand volumes to daily new records In the past week, the perpetual DEX narrative spread rapidly, driven by the success of ￰19￱ trend affected even smaller markets, with multiple older perpetual DEXs growing their ￰20￱ futures DEX picked up their activity, boosted by the success of Aster ￰21￱ smaller exchanges increased their daily volumes by 80% within days. |