Key Notes

Hyperliquid plans to enable HIP-3 in its network upgrade on October 13.

This will enable the permissionless creation of perpetual futures markets.

HYPE price has spiked by 12.33% following the announcement.

Decentralized crypto derivatives exchange Hyperliquid is prepared to boost perp market deployment. It plans to do this with the rollout of Hyperliquid Improvement Proposal 3 (HIP-3). The development was announced by a Hyperliquid administrator in the protocol’s Discord channel, noting that the network upgrade will take place on Oct. 13, 2025.

Deploying HIP-3 on Hyperliquid

According to an announcement on its Discord channel, Hyperliquid is prepared for a major protocol upgrade. Coming with this update is HIP-3, which will enable the permissionless creation of perpetual

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