Hyperliquid Launches HIP-3 upgrade for Decentralized Trading
Hyperliquid is set to activate its HIP-3 upgrade on Monday. This move introduces permissionless perpetual market creation on its decentralized derivatives platform. The upgrade empowers builders to create perpetual futures markets by staking 500,000 HYPE tokens.
The HIP-3 upgrade follows a tumultuous period for the crypto market. A recent liquidation event wiped out $19.3 billion, with Hyperliquid alone clearing $10 billion. Despite the chaos, HYPE token prices have recovered, rising from $20 to $42
