HYPE Token Gets Major Boost as Hyperliquid Launches HIP-3 Upgrade
Hyperliquid has rolled out the HIP-3 upgrade, enabling permissionless Perp Market creation and boosting ecosystem growth as HYPE token utility grows further.
The HIP-3 upgrade introduces easy Perp Market creation, which could significantly expand the utility and demand for the HYPE token.
A Hyperliquid administrator shared that the HIP-3 upgrade would officially go live, allowing qualified builders to deploy perpetual futures markets on HyperCore without centralized approval.
- The upgrade will initially roll out with minimal disruption to existing users.
- Developers who meet on-chain requirements will be able to launch their own perps once the system stabilizes.
- Deployers will need to stake 500,000 HYPE tokens to initiate a new Perp Market.
Author's summary: Hyperliquid's HIP-3 upgrade boosts HYPE token utility.
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