Major

Solana

Enhance

Discord

Hyperliquid

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Decentralized crypto derivatives exchange Hyperliquid is set to enhance perp market deployment with the rollout of Hyperliquid Improvement Proposal 3 (HIP-3).</li>
 <li>The announcement led to a significant spike in the price of HYPE, Hyperliquid’s native token.</li>
</ul>
<p>Hyperliquid, a decentralized crypto derivatives exchange, is gearing up to enhance perp market deployment. This is planned to be achieved through the introduction of Hyperliquid Improvement Proposal 3 (HIP-3). The information was made public by a Hyperliquid administrator via the protocol’s Discord channel, revealing that the network upgrade is scheduled for Oct. 13, 2025.</p>
<h2 id="hip-3-deployment-on-hyperliquid">HIP-3 Deployment on Hyperliquid</h2>
<p>Per the announcement on its Discord channel, Hyperliquid is ready for a significant protocol upgrade. This upgrade includes HIP-3, which will facilitate the permissionless creation of perpetual futures markets. Users are not required to take any immediate action to sync with the upgrade, according to the administrator’s post.</p>
<p>Deployers who meet the on-chain requirements will be able to deploy perps for trading once the capacity is enabled. Previously, the project mentioned that HIP-3 would support builder-deployed perpetuals, marking a key step towards fully decentralizing the perp listing process.</p>
<p>Following the implementation of HIP-3, deployers will gain the authority to launch a perp DEX on HyperCore without needing permission. The only requirement is to stake 500,000 HYPE. The upgrade will also integrate with HyperEVM for smart contracts and governance. HIP-3 also includes safety measures like validator slashing and open interest caps.</p>
<h2 id="hype-price-soars-by-nearly-13">HYPE Price Soars by Nearly 13%</h2>
<p>In the wake of the upgrade news, the price of HYPE, the native token of the Hyperliquid protocol, surged significantly. According to CoinMarketCap data, HYPE is currently trading at $42.33, marking a 12.33% increase in the last 24 hours. This is noteworthy given the recent major downturn in the broader cryptocurrency market.</p>
<p>However, the $42.33 price level is a significant drop from its all-time high of $59.29, which was recorded in early trading on September 18. The decline from this peak has been ongoing for the last two weeks. On Sept. 25 alone, the HYPE price fell by 6%, and at that time, renowned trader James Wynn stated that the Hyperliquid pain is far from over.</p>
<p>Notable figures in the crypto industry, such as Ark Invest and Cathie Wood, see potential in the protocol. Wood referred to Hyperliquid as ‘the new kid on the block,’ comparing it to Solana in its early days. ‘Solana has proven its worth and is, you know, there with the big boys,’ Wood said.</p>

Hyperliquid Unveils Major Update to Enhance Perpetual Market Rollout

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CoinEagle.com

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