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 upgrade introduces easy Perp Market creation, which could significantly expand the utility and demand for the HYPE token. In a Discord post, 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.
According to the administrator, the upgrade will initially roll out with minimal disruption to existing users.
Author's summary: HYPE token gets a boost with Hyperliquid's HIP-3 upgrade.