Hyperliquid's HIP-3 Upgrade
Hyperliquid's [HYPE] highly anticipated upgrade, HIP-3, has been rolled out, aiming to achieve its "everything exchange" vision.
A massive $8.2B Open Interest sets the stage for this significant upgrade, enabling permissionless perpetual markets by third-party builders on the platform.
Key Features of HIP-3
- Allows anyone to deploy their perps market on Hyperliquid
- Enables trading on-chain stocks, prediction markets, and more
- Provides a decentralized marketplace for perps, similar to an app store
Christmas came early to Hyperliquid - Ryan Watkins, Founder of Syncracy Capital
This upgrade is expected to drive high growth, increase fees, and aid in HYPE buyback.
Author's summary: Hyperliquid's HIP-3 upgrade enhances its "everything exchange" capabilities.