On October 13, 2025, the Hyperliquid platform is rolling out a significant update, HIP-3, which will enable users to create perpetual futures markets independently. The team confirmed this information in their official Discord channel.
This is reported by Finway
New Opportunities for Hyperliquid Users
The implementation of HIP-3 will be a key step towards the decentralization of the crypto asset futures market. From now on, users who meet the established requirements will be able to deploy their own markets based on HyperCore. To do this, it is necessary to stake at least 500,000 HYPE tokens (approximately $105,000 at the current exchange rate). The profitability of such markets can reach fees of up to 50%.
At the launch of HIP-3, there will be no immediate changes for regular users. Market deployment will become available to “deployers” once all settings are completed.
“HIP-3 will be deployed during this update. There will be no immediate changes for users. Deployers who meet all requirements will have the opportunity to deploy perpetual futures markets as soon as everything is ready,” the project team stated.
The HIP-3 update stipulates that each “deployer” must define the contract specifications, choose an oracle, set leverage limits, and have tools to halt and resume the market if necessary. Violating the established requirements may result in slashing — a partial withdrawal of the staked collateral.
Advantages and Development Plans for the Platform
HIP-3 integrates with HyperEVM — a solution for smart contracts and governance that provides additional security measures, including limits on open interest. Future updates will announce the introduction of cross-chain margin functionality, which will expand user capabilities.
It is worth noting that following the news release, the HYPE token reacted with a rise of more than 2% within a day, reflecting positive market sentiment.
HYPE/USDT exchange rate on Binance. Source: TradingView.
It was also previously reported that the Native Markets team is working on implementing its own stablecoin for the Hyperliquid ecosystem.