On October 13, 2025, the Hyperliquid platform will launch a significant update, HIP-3, which will allow users to create their own perpetual futures markets. This decision was announced in the project’s Discord channel.
This is reported by Business • Media
“HIP-3 will be deployed during this update. There will be no immediate changes for users. ‘Deployers’ who meet all requirements will have the ability to deploy perpetual futures markets as soon as everything is ready,” the project team stated.
What HIP-3 Changes for Hyperliquid Users
HIP-3 was presented back in early May 2025. The main idea of the update is the transition of the platform to public perpetual futures markets for cryptocurrencies, which will transform Hyperliquid into an infrastructure layer. After the implementation of HIP-3, users will be able to create markets on HyperCore independently. To do this, they need to stake at least 500,000 HYPE (approximately $105,000 at the current exchange rate). The commission on such markets can reach up to 50%.
Deployers are required to define the contract specification and oracle, set leverage limits, and have the ability to pause or resume market operations. Failure to comply with these requirements may result in slashing – part of the collateral may be forfeited.
Integration with HyperEVM and Future Plans
The HIP-3 update is integrated with HyperEVM for smart contract execution and market management. Additionally, further security measures are planned, such as limiting open interest. In future releases, the team intends to introduce cross-chain margin.
In light of the news, the HYPE token showed an increase of over 2% on the daily chart:
As a reminder, it was previously announced that there are plans to release a proprietary stablecoin for Hyperliquid, which is being developed by the Native Markets team.