Hyperliquid (HYPE), a Layer-1 platform that has made notable strides in the cryptocurrency sector this year, has announced its latest upgrade, HIP-3. This upgrade marks a significant step toward decentralizing the perpetual futures listing process, allowing users and developers to deploy their own perpetual futures exchanges on the platform.

What To Expect From Hyperliquid’s Latest Upgrade

The Hyperliquid protocol will facilitate builder-deployed perpetuals (HIP-3), with a minimum viable product (MVP) of this feature currently active on the testnet.

Builder-deployed perpetuals will share many characteristics with HyperCore, the blockchain-based engine of Hyperliquid’s trading platform, including spot deployments and the allocation of new, high-performance on-chain order books.

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