- Hyperliquid’s HIP-3 upgrade enables permissionless creation of perpetual futures markets, offering new opportunities for decentralized trading.
- The HYPE token has staged a remarkable recovery, rising from $20 to $42, with hopes of breaking key resistance at $45.
- HIP-3’s mainnet launch comes after a massive $19.3 billion liquidation event, with over $10 billion cleared on Hyperliquid alone.
Hyperliquid is set to revolutionize the decentralized derivatives space with the activation of its HIP-3 upgrade. Going live on October 13, 2025, this significant update enables permissionless perpetual futures market creation on the HyperCore infrastructure. Builders who meet the on-chain criteria can now deploy their own markets by staking 500,000 HYPE tokens.
HIP-3 introduces crucial features that allow developers to launch decentralized perpetual exchanges. The upgrade integrates HyperEVM, which supports smart contract capabilities and governance features. To ensure market integrity, additional safeguards such as validator slashing mechanisms and open interest caps have been implemented. The minimum viable product for HIP-3 had previously been tested on the Hyperliquid testnet, and its successful mainnet launch marks a key milestone for the platform.
Recovering from Massive Liquidations
The launch of HIP-3 comes in the aftermath of a significant market event that saw a massive $19.3 billion in liquidations across the crypto industry. Hyperliquid alone accounted for over $10 billion in liquidations, highlighting the turbulent environment. Despite this, Hyperliquid’s native token, HYPE, has rebounded strongly, rising from a low of $20 to nearly $42. This recovery positions HYPE to potentially breach the $45 resistance level, aligning with the 20-day simple moving average (SMA).
As the HIP-3 upgrade unfolds, the decentralized nature of Hyperliquid’s platform is set to empower new market creators. The successful deployment of perpetual futures markets will likely attract more builders and traders to the ecosystem. A breakthrough above the $45 resistance could set the stage for further price movement, potentially pushing HYPE toward the $52 mark.
The HIP-3 upgrade represents a pivotal moment for Hyperliquid, as it brings further decentralization and scalability to the platform. With its new capabilities and safeguards in place, the upgrade ensures a more robust and secure trading environment for all users.
