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Crypto enthusiasts are watching closely as Hyperliquid prepares to activate HIP-3, a major protocol upgrade enabling the permissionless creation of perpetual futures markets later today. The update, confirmed by a Hyperliquid administrator in the project’s Discord, will go live during a scheduled network upgrade on October 13.
The HIP-3 upgrade, or Hyperliquid Improvement Proposal 3, marks a significant step toward fully decentralizing the perpetual listing process. Once active, deployers who meet onchain requirements can launch their own perpetual decentralized exchanges (perp DEXs) directly on HyperCore by staking 500,000 HYPE.
Integrated with HyperEVM for smart contracts and governance, HIP-3 also introduces essential security measures such as validator slashing and open interest limits. This upgrade is expected to unlock new opportunities for builders and traders, driving innovation and expanding access to decentralized trading across the Hyperliquid ecosystem.
